Rank in the Economic Complexity Index in Mongolia

Mongolia: Rank in the Economic Complexity Index was 84 in 2016. ▲ Rising

Latest (2016)
84
Change on year
down 15.2%
World rank
22nd
of 121 countries
All-time high
111
in 2012
All-time low
28
in 1977
Years of data
43
1974–2016

Rank in the Economic Complexity Index in Mongolia, 1974–2016

204060801001201974199520161974: 371975: 371976: 351977: 281978: 291979: 301980: 391981: 401982: 551983: 531984: 601985: 601986: 681987: 631988: 541989: 631990: 681991: 601992: 741993: 691994: 761995: 771996: 811997: 831998: 881999: 952000: 882001: 862002: 892003: 872004: 952005: 1002006: 1012007: 1032008: 1022009: 972010: 1022011: 1072012: 1112013: 1072014: 1012015: 992016: 84

Source: Observatory of Economic Complexity and Atlas of Economic Complexity (2016) – processed by Our World in Data.

Analysis

Mongolia recorded 84 for rank in the economic complexity index in 2016.

Compared with earlier readings it is down 15.2% on the previous year and down 16.8% over ten years.

Over the whole period, rank in the economic complexity index in Mongolia peaked at 111 in 2012 and was at its lowest, 28, in 1977.

That places Mongolia 22nd out of 121 countries with data for 2016, putting it in the top quarter.

The long-run direction has been consistently rising across the 43 years of available data.

Averages by decade

DecadeAverage LowestHighest Years
1970s 32.67 28 37 6
1980s 55.5 39 68 10
1990s 77.1 60 95 10
2000s 94.8 86 103 10
2010s 101.57 84 111 7

Countries ranked near Mongolia

  1. 19 Iran 89 compare
  2. 20 Mauritania 85 compare
  3. 20 Syria 85 compare
  4. 22 Congo 84 compare
  5. 24 Kuwait 83 compare
  6. 24 Madagascar 83 compare

See the full ranking of 121 places →

More economy & growth data for Mongolia

All data for Mongolia →

Frequently asked questions

What is rank in the economic complexity index in Mongolia?
Rank in the economic complexity index in Mongolia was 84 in 2016, according to Observatory of Economic Complexity and Atlas of Economic Complexity (2016) – processed by Our World in Data.
What is the highest rank in the economic complexity index recorded in Mongolia?
The highest recorded value was 111 in 2012.
What is the lowest rank in the economic complexity index recorded in Mongolia?
The lowest recorded value was 28 in 1977.
How does Mongolia rank for rank in the economic complexity index?
Mongolia ranks 22nd out of 121 countries with data for 2016.
Is rank in the economic complexity index rising or falling in Mongolia?
Over the last ten years it is down 16.8%. The long-run trend across the full record is rising.
Where does this Mongolia data come from?
The figures come from Observatory of Economic Complexity and Atlas of Economic Complexity (2016) – processed by Our World in Data, published as part of Rank in the Economic Complexity Index. Statizoid updates them automatically from the source API.

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About this data

Indicator
Rank in the Economic Complexity Index
Source
Observatory of Economic Complexity and Atlas of Economic Complexity (2016) – processed by Our World in Data
Licence
CC BY 4.0 (Our World in Data)
Coverage
121 places, 5,650 data points, 1964–2016
Last refreshed

The Economic Complexity Index (ECI) takes data on exports, and reduces a country’s economic system into two dimensions: (i) The number or ‘diversification’ of products in the export basket, and (ii) the quality, or ‘ubiquity’ of products in the export basket. This map ranks countries by ECI scores. The highest rank is 1 and corresponds to the country with the most complex economy in that year.