gogo logo
  • Монгол
  • Yolo
  • Maamuu
  • Politics
  • Economy
  • Society
  • Life
  • Interview
  • Culture
  • TRAVEL
  • Ulaanbaatar
  • Media OutReach
Helpful
Interview
  • - Interview
Interesting
Other
Монгол
Maamuu
Yolo
Main menu
Politics
Economy
Society
Life
Interview
Culture
TRAVEL
Ulaanbaatar
Media OutReach
Helpful
Interview
Interview
Interesting
Other menu
Монгол
Maamuu
Yolo
Contact us
Editorial ethics
Home
Search
Menu
  Facebook   Twitter
  Menu
Home
/ Economic
Economy

Mongolia ranks 102th at Global Competitiveness Index

  Facebook   Tweet
 
B.Erdenechimeg
2016-09-28
  Facebook  Tweet
 

Mongolia ranks 102th at Global Competitiveness Index

Today the Open Society Forum NGO introduced the Mongolian rankings at the Global Competitiveness Report for 2016-2017, published by the World Economic Forum. However, Mongolia still remains steady compared with the previous years.

This year, no progress were made to the Mongolia`s competitive strengths. Mongolia collects 3.8 score out of 7 and ranks 102th place out of 138 countries.

The Global Competitiveness Report assesses the competitiveness of 140 world economies. Using a mixture of quantitative and survey data, it ranks countries overall by combining 113 indicators grouped under 12 pillars of competitiveness: institutions; infrastructure; macroeconomic environment; health and primary education; higher education and training; goods market efficiency; labor market efficiency; financial market development; technological readiness; market size; business sophistication; and innovation.


In 2015, Mongolia collects 3.8 score and ranks 104th place out of 140 countries. After joining the report, Mongolia has collected 3.2-3.9 score which proves that Mongolia has not made significant changes to its competitive strengths.

Mongolia showed progress in following four indicators in 2016 compared with the previous years:

  • Macroeconomic stability,
  • Financial market development,
  • Technological readiness,
  • Higher education and training - 0,1 score.

Increase in cellular phone users, internet speed and number of internet users has affected the technological readiness progress.

Decrease in inflation and 5.9 per cent inflation rate has positively affected the Macroeconomic stability indicator.

Following four competitiveness indicators have dropped:

  • Business sophistication,
  • Goods market efficiency, 
  • Labor market efficiency, 
  • Institutions.

Four indicators including infrastructure, financial market development, innovation and business sophistication did not reach 50 percent score that must be taken. However, Mongolia has listed in the first 50 countries with following indicators:

  • Flexibility of wage determination (ranks 4th )
  • Strength of investor protection (ranks 8th )
  • Internet speed (ranks 17th )
  • Hiring and firing practices (ranks 19th )
  • Total tax rate (ranks 23rd)
  • Internet users (ranks 32nd)
  • Quantity of education (ranks 38th)
  • Quality of math and science education (ranks 40th)
  • Number of procedures required to start a business (ranks 41st)
  • Availability of scientist and engineers (ranks 47th)

Today the Open Society Forum NGO introduced the Mongolian rankings at the Global Competitiveness Report for 2016-2017, published by the World Economic Forum. However, Mongolia still remains steady compared with the previous years.

This year, no progress were made to the Mongolia`s competitive strengths. Mongolia collects 3.8 score out of 7 and ranks 102th place out of 138 countries.

The Global Competitiveness Report assesses the competitiveness of 140 world economies. Using a mixture of quantitative and survey data, it ranks countries overall by combining 113 indicators grouped under 12 pillars of competitiveness: institutions; infrastructure; macroeconomic environment; health and primary education; higher education and training; goods market efficiency; labor market efficiency; financial market development; technological readiness; market size; business sophistication; and innovation.


In 2015, Mongolia collects 3.8 score and ranks 104th place out of 140 countries. After joining the report, Mongolia has collected 3.2-3.9 score which proves that Mongolia has not made significant changes to its competitive strengths.

Mongolia showed progress in following four indicators in 2016 compared with the previous years:

  • Macroeconomic stability,
  • Financial market development,
  • Technological readiness,
  • Higher education and training - 0,1 score.

Increase in cellular phone users, internet speed and number of internet users has affected the technological readiness progress.

Decrease in inflation and 5.9 per cent inflation rate has positively affected the Macroeconomic stability indicator.

Following four competitiveness indicators have dropped:

  • Business sophistication,
  • Goods market efficiency, 
  • Labor market efficiency, 
  • Institutions.

Four indicators including infrastructure, financial market development, innovation and business sophistication did not reach 50 percent score that must be taken. However, Mongolia has listed in the first 50 countries with following indicators:

  • Flexibility of wage determination (ranks 4th )
  • Strength of investor protection (ranks 8th )
  • Internet speed (ranks 17th )
  • Hiring and firing practices (ranks 19th )
  • Total tax rate (ranks 23rd)
  • Internet users (ranks 32nd)
  • Quantity of education (ranks 38th)
  • Quality of math and science education (ranks 40th)
  • Number of procedures required to start a business (ranks 41st)
  • Availability of scientist and engineers (ranks 47th)
  Facebook   Tweet
Сэтгүүлч B.Erdenechimeg
B.Erdenechimeg
Category
Economy
Published
2016-09-28


gogo logo
Contact us Editorial ethics

© 2007 - 2025 Mongol Content LLC