Mongolia ranks 102nd in Global Competitiveness Report

Economy
unurzul@montsame.gov.mn
2019-10-11 14:46:19

Ulaanbaatar/MONTSAME/. The Global Competitiveness Report series released by the World Economic Forum (WEF) introduced this year’s Global Competitiveness Index (GCI), in which Mongolia scored 52.6 point and stood at 102nd out of 141 countries. It means that the country showed a 0.1-point decline or dropped by 3.

In macroeconomic stability, Mongolia ranks at 120th, with lowered financial indicator of small and medium enterprises in the financial sector compared with the previous year. Moreover, the bad loans indicator in the entire market has lowered than that before.

In its 2019 Global Competitiveness Report, the WEF measured the strength of 103 key indicators, such as inflation, digital skills and trade tariffs, across 141 countries.