Ulaanbaatar
Mongolia ranks 102nd in Global Competitiveness Report
Economy
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.
