Mongolia is a landlocked nation located in East Asia, bordered by Russia to the North and China to the South. It spans an area of 1,564,116 square kilometres and has a population of roughly 3.5 million. In 2023, the country's economy has grown by nearly 7% (ADB), with its GDP per capita reaching $5,875 (Montsame). Mining accounts for 25% of Mongolia's GDP, followed by retail and sale at 16% and agriculture, forestry, fishing and hunting at 13% (Invest Mongolia). Mongolia has also been focusing on modernizing its economy and increasing connectivity across its territory through digital transformation.