In the early 2015, Mongolia celebrated the birth of the three millionth Mongolian people. Mongolia is placed 121st in terms of global population. It's the country that has the lowest density of population in the world, with only 1,8 inhabitant per square kilometre, behind Namibia (2,5 inh./sq. km.).
The population growth rate is estimated at 1,2 % (2007). About 59 % of the population is under age 30, 27 % of whom are under 14. This quite young and growing population places strains on Mongolia's economy.