IMD World Competitiveness Booklet 2021
COMPETITIVENESS TRENDS - OVERALL MONGOLIA
OVERALL PERFORMANCE (64 countries)
BASIC FACTS Capital Land area (square km '000)
Rank
Ulaanbaatar
2017 2018 2019 2020 2021
1,564 2020
60
2020
61
Exchange Rate (per $)
2,813.290
62
62
62
3.30 2020 13.1 2020
55
Population - market size (millions)
CHALLENGES IN 2021 Economic slowdown due to export restrictions, border closures and debt burdens. • Economic slowdown due to export restrictions, border closures and debt burdens. • Increased unemployment as businesses downsize or closure due to ongoing COVID-19 lockdowns and economic slowdown. • Non-performing loans may still be a major challenge as businesses face deteriorated business environment. • Inflationary pressures resulting from cash handouts and monetary easing measures used to stimulate the economy. • Political uncertainty due to upcoming Presidential election and shortages in healthcare system in tackling the local spread of COVID-19. Pr vided by: Economic Policy and Competitiveness Research Center Economic Policy and Competitiveness Research Center
64
Gross Domestic Product (GDP) (US$ billions)
12,036 2020 -5.4 2020 3.72 2020 7.60 2020 1.22 2020 -4.39 2020 22.6 2019 17.46 2019
59
GDP (PPP) per capita (US$)
36
Real GDP growth (%)
59
Consumer price inflation (%)
41
Unemployment rate (%)
57
Labor force (millions)
59
Current account balance (% of GDP)
59
Direct investment stocks inward ($bn)
4
Direct investment flows inward (% of GDP)
COMPETITIVENESS LANDSCAPE
Economic Performance
Government Efficiency
Business Efficiency
Infrastructure
Domestic Economy
International Trade
International Investment Employment Prices
Public Finance
Tax Policy
Institutional Framework Business Legislation
Societal Framework
Productivity & Efficiency Labor Market Finance
Management Practices
Attitudes and Values
Basic Infrastructure
Technological Infrastructure Scientific Infrastructure
Health and Environment Education
2
29
39
45
50
53
53
54
56
56
60
60
61 59
62
63
63 63
63 63
PEER GROUPS RANKINGS ASIA - PACIFIC (14 countries)
POPULATIONS < 20 MILLION (35 countries)
2017 2018 2019 2020 2021
2017 2018 2019 2020 2021
34
34
34
34
34
14
14
14
14
14
89
IMD WORLD COMPETITIVENESS BOOKLET 2021
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