You might think of Mongolia as a nomadic lifestyle but it's not purely like that. In some areas of country, you can see the life of nomads.  

In recent years, Mongolia has been experiencing rapid economic growth. According to the National Statistics Office, the GDP per capital was $6,654 in 2024. This growth has been driven by a number of factors, including the country's mineral wealth, its strategic location between Russia and China, and its growing tourism industry.

Mongolia is a great place for expats to work. The country has a low cost of living, a safe and stable environment, and friendly and welcoming people. The National Statistics Office reported that the number of foreigners working in Mongolia under labor contracts increased by 45.6 percent in the first quarter of this year compared to the fourth quarter of 2022.

In 2023, 1,688 (29.4 percent) of foreigners were in mining and extraction, 1,019 (17.8 percent) were in education, 666 (11.6 percent) were in wholesale and retail trade, car and motorcycle maintenance, 651 (11.3 percent) were in construction, 519 (9.0 percent ) were in manufacturing, 451 (7.9 percent) were in transportation and storage activities, 220 (3.8 percent) were in other service activities, and 526 (9.2 percent) were working in other sectors.

Here are five reasons why expats should consider working in Mongolia:

1. Low cost of living

Mongolia has a relatively low cost of living compared to other developed countries. This is especially true for accommodation, food, and transportation. For example, a one-bedroom apartment in the capital city of Ulaanbaatar costs around $300 per month, while a meal at a mid-range restaurant costs around $10.

2. Strong job market

Mongolia's economy is growing rapidly, and there is a strong demand for skilled workers in a variety of industries, including mining, construction, and tourism. The unemployment rate in Mongolia is low, and there are many opportunities for expats to find well-paying jobs.

3. High quality of life

Mongolia is a safe and friendly country with a low crime rate. The people are welcoming and hospitable, and there is a strong sense of community. Mongolia also has a beautiful natural environment, with plenty of opportunities for outdoor activities such as hiking, camping, and horseback riding.

4. Cultural immersion

Mongolia is a fascinating country with a rich cultural heritage. Expats who work in Mongolia have the opportunity to learn about Mongolian culture and traditions firsthand. There are many opportunities to participate in traditional Mongolian activities, such as horse racing and archery.

5. Personal growth

Working in Mongolia can be a challenging but rewarding experience. Expats who work in Mongolia have the opportunity to develop their cross-cultural communication skills, their problem-solving skills, and their adaptability. They also have the opportunity to make a real difference in the lives of others.

In addition to the data-driven reasons listed above, there are many other reasons why expats should consider working in Mongolia. Mongolia is a country with a lot to offer, and expats who work there will find it to be a rewarding experience.

Here are some additional data points that support the reasons listed above:

• Cost of living: The cost of living in Mongolia is 55.3% lower than in the United States. And the rent in Mongolia is, on average, 75.2% lower than in United States.

• Job market: The unemployment rate in Mongolia was 5.3% in Q4 of 2024.

• Cultural immersion: Mongolia is home to a number of UNESCO World Heritage Sites, including the Great Gobi Desert.

• Personal growth: Mongolia is a country with a lot of challenges, but it is also a country with a lot of potential. Expats who work in Mongolia can make a real difference in the lives of others.

• Mongolia's GDP per capita has been steadily increasing, reaching $6,654 in 2024. This indicates a growing economy with improving living standards.

• The number of foreign residents in Mongolia has been increasing over the past decade. In the first quarter of 2024, 8.1 thousand foreign citizens were employed in Mongolia under labor contracts. This represented an increase of 2.4 thousand (40.9%) compared to the same period in 2023..

I hope this blog has helped you to understand why expats should work in Mongolia. If you are interested in learning more about working in Mongolia, please fill out the form below.

Thank you for reading!