IMD World Competitiveness Booklet 2020

COMPETITIVENESS TRENDS - OVERALL MONGOLIA

OVERALL PERFORMANCE (63 countries)

BASIC FACTS Capital Land area (square km '000)

Rank

Ulaanbaatar

2016 2017 2018 2019 2020

1,564 2019

60

2,663.541 2019

61

Exchange Rate (per $)

62

62

62

3.30 2019 13.9 2019

55

Population - market size (millions)

CHALLENGES IN 2020 Unemployment will be a major challenge. Due to the Covid-19 pandemic many companies are downsizing or running out of • Unemployment will be a major challenge. Due to the Covid-19 pandemic many companies are downsizing or running out of business. • Financial difficulties related to non-performing loans and government debt may lead to economic slowdown. • Economic growth is further hindered by import restrictions and increasing prices. • Stress, economic and financial difficulties due to Covid-19 may affect mental health, family dynamics and society. • Political uncertainty and populism as the parliamentary and the local elections are set to take place in 2020. Pr vided by: Economic Policy and Competitiveness Research Center Economic Policy and Competitiveness Research Center

63

Gross Domestic Product (GDP) (US$ billions)

14,152 2019 5.1 2019 7.26 2019 10.00 2019 1.27 2019 -15.61 2019 20.2 2018 15.88 2019

56

GDP (PPP) per capita (US$)

4

Real GDP growth (%)

59

Consumer price inflation (%)

56

Unemployment rate (%)

57

Labor force (millions)

63

Current account balance (% of GDP)

59

Direct investment stocks inward ($bn)

3

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

7

33

41

42

44

50

50

54

54

56

58

58

59 61

60

61

62

62

63 63

PEER GROUPS RANKINGS ASIA - PACIFIC (14 countries)

POPULATIONS < 20 MILLION (34 countries)

2016 2017 2018 2019 2020

2016 2017 2018 2019 2020

33

34

34

34

34

14

14

14

14

14

90

IMD WORLD COMPETITIVENESS BOOKLET 2020