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