Улаанбаатар
Mongolia Ranked 62nd in the World Competitiveness Ranking
Society
Ulaanbaatar, June 30, 2023 /MONTSAME/. Mongolia has been ranked 62nd out of 64 countries, according to the "World Competitiveness Ranking 2023. The IMD World Competitiveness Ranking Research Center, based in Lausanne, Switzerland, has released its annual report since 1989, evaluating the competitiveness of nations based on four key criteria: Economic Performance, Government Efficiency, Business Efficiency, and Infrastructure.
Dr. Tsagaan Puntsag, Chairman of the Board of Economic Policy and Competitiveness Research Center, reported, “Mongolia's score decreased by 0.64 points compared to the previous year. In the overall ranking, Mongolia earned a score of 35.56 out of 100, resulting in a back of one place.” In detail, Mongolia has moved up one place in Economic Performance. However, it has fallen back by one place in Governance Efficiency and Infrastructure and three places in Business Efficiency.
"Referring to the last five-year report, Mongolia has regressed in all other criteria except the Economic Performance," presented N. Odonchimeg, the Director of the Economic Policy and Competitiveness Research Center.
