Mongolia is the 102 most competitive nation in the world out of 140 countries ranked in the 2019 edition of the Global Competitiveness Report published by the World Economic Forum. source: World Economic Forum

Competitiveness Rank in Mongolia averaged 100 from 2007 until 2019, reaching an all time high of 117 in 2010 and a record low of 89 in 2007. This page provides the latest reported value for - Mongolia Competitiveness Rank - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Mongolia Competitiveness Rank - values, historical data and charts - was last updated on August of 2021.

Competitiveness Rank in Mongolia is expected to reach 99.00 by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Mongolia Competitiveness Rank is projected to trend around 99.00 in 2021, according to our econometric models.

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Mongolia Competitiveness Rank

Actual Previous Highest Lowest Dates Unit Frequency
102.00 99.00 117.00 89.00 2007 - 2019 Yearly

Mongolia Business Last Previous Highest Lowest Unit
Industrial Production 19.60 79.40 79.40 -27.70 percent [+]
Manufacturing Production 0.60 -15.90 50.90 -26.40 percent [+]
Internet Speed 6625.86 6786.06 8570.84 239.06 KBps [+]
IP Addresses 31363.00 28598.00 54433.00 5239.00 IP [+]
Mining Production -7.60 -29.80 102.40 -30.60 percent [+]
Industrial Production Mom 9.10 2.60 22.60 -24.40 percent [+]
Ease of Doing Business 81.00 74.00 89.00 56.00 [+]
Electricity Production 464.50 528.90 714.20 140.52 Gigawatt-hour [+]
Changes In Inventories 95204.30 -144379.30 1068720.90 -778502.50 MNT Million [+]
Competitiveness Index 52.61 52.74 52.94 3.43 Points [+]
Competitiveness Rank 102.00 99.00 117.00 89.00 [+]
Corruption Index 35.00 35.00 43.00 27.00 Points [+]
Corruption Rank 111.00 106.00 120.00 43.00 [+]


Mongolia Competitiveness Rank
The most recent 2018 edition of Global Competitiveness Report assesses 140 economies. In 2018, the World Economic Forum introduced a new methodology emphasizing the role of human capital, innovation, resilience and agility, as not only drivers but also defining features of economic success in the 4th Industrial Revolution. As a result, the GCI scale changed to 1 to 100 from 1 to 7, with higher average score meaning higher degree of competitiveness. The report is made up of 98 variables organized into twelve pillars with the most important including: institutions; infrastructure; ICT adoption; macroeconomic stability; health; skills; product market; labour market; financial system; market size; business dynamism; and innovation capability.