Mongolia is the 102 most competitive nation in the world out of 140 countries ranked in the 2018 edition of the Global Competitiveness Report published by the 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. source: World Economic Forum

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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 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.

Mongolia Business Last Previous Highest Lowest Unit
Industrial Production -2.90 -8.20 77.50 -27.70 percent [+]
Manufacturing Production 2.50 -1.40 53.20 -28.30 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 -5.60 -11.70 102.40 -30.60 percent [+]
Industrial Production Mom 1.50 -1.70 22.60 -18.90 percent [+]
Ease of Doing Business 81.00 74.00 89.00 56.00 [+]
Electricity Production 464.90 437.90 606.70 140.52 Gigawatt-hour [+]
Changes In Inventories 573326.60 322868.60 1068720.90 -32428.00 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 37.00 36.00 43.00 27.00 Points [+]
Corruption Rank 93.00 103.00 120.00 43.00 [+]