Since 2010, The EPCRC, in cooperation with the World Competitiveness Center, has been publishing Mongolia in World Competitiveness Report, comparing Mongolia’s competitiveness to that of 14 different nations. These countries are: Bulgaria, Chile, Kazakhstan, Korea, Malaysia, Mexico, Peru, Qatar, Russia, Singapore, Slovak Republic, Slovenia, Thailand and Ukraine. Mongolia was ranked the last on all five editions.

Over 300 competitiveness criteria have been selected by IMD as a result of extensive research using economic literature, international, national and regional sources and feedback from the business community, government agencies and academics. Competitiveness is divided into four main factors: Economic Performance, Government Efficiency, Business Efficiency and Infrastructure. Each of these four factors has been broken down into five sub-factors.

Mongolia in World Competitiveness 2010 – 2014

One of the objectives is to help government and business leaders to better assess the competitiveness of their economy and thus help them in the pursuit of insightful decision making. The Report enables us to look at Mongolia’s overall competitiveness, strengths and weaknesses of competitiveness, good and worse indicators, evolution of the competitiveness and challenges.

The EPCRC released five editions of Mongolia in World Competitiveness during 2010-2014. From then on, Mongolia was included in the IMD World Competitiveness Yearbook.

You can buy the Mongolia in World Competitiveness Reports (2010-2014) from ecrc.mn or contact us if you want a hard copy.

IMD World Competitiveness Yearbook 2015 – 2021

There is no dramatic change in Mongolia’s overall competitiveness score, however, it looks like Mongolia backed down by 2 places in the report because of 2 countries (Saudi Arabia and Cyprus) with good competitiveness were added to this year’s report.

Mongolia ranked 62nd with a 48.1 overall score (out of 100) out of 63 countries in the IMD World Competitiveness Yearbook 2017, published by IMD annually since 1989. Mongolia ranked 60th with a 45.7 overall score out of 61 countries in last year’s report, which means the overall score of Mongolia increased. Competitiveness of countries were evaluated by 346 criteria based on four factors: “Economic performance”, “Business efficiency”, “Government efficiency”, and “Infrastructure”.

Hong Kong has the highest competitiveness 2 years in a row, followed by Switzerland and Singapore, whereas the USA ranked 4th, losing positions for two consecutive years. The Netherlands ranked 5th, jumping 3 places from last year.

Our neighbor, China, ranked 18th, jumping by 7 places compared to last year, whereas our other neighbor, Russia, dropped 2 places, ranking 46th in this year’s report. Countries with high competitiveness scores have some features in common such as a favorable business environment, well-developed hard and soft infrastructure, and strong institutional systems.

The World Competitiveness Center published this report in its 28th year since 1989, and EPCRC has collaborated with them since 2010. Visit the World Competitiveness Center or learn more about the World Competitiveness Report 2019.