Total factor productivity in Mongolia
Mongolia: Total factor productivity was 1.02 in 2023. ▲ Rising
Total factor productivity in Mongolia, 1980–2023
Source: Feenstra et al. - Penn World Table (2025) – with major processing by Our World in Data.
Analysis
In 2023, total factor productivity in Mongolia stood at 1.02. That is the highest value across all 44 years on record.
That represents a change of up 3.0% on the previous year and up 19.2% over ten years.
Over the whole period, total factor productivity in Mongolia peaked at 1.02 in 2023 and was at its lowest, 0.5359, in 1993.
Mongolia ranks 28th of 120 countries on this measure, in the top quarter.
The long-run direction has been consistently rising across the 44 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 0.755 | 0.7268 | 0.783 | 10 |
| 1990s | 0.5914 | 0.5359 | 0.7363 | 10 |
| 2000s | 0.6594 | 0.5704 | 0.7617 | 10 |
| 2010s | 0.8863 | 0.7132 | 1.01 | 10 |
| 2020s | 1 | 0.9895 | 1.02 | 4 |
Countries ranked near Mongolia
More economy & growth data for Mongolia
- External balance on goods and services as a percent of GDP 5.4% (2025)
- Inflation of consumer prices 8.6% (2025)
- GDP per capita 4,882 constant 2015 US$ (2025)
- Share of manufacturing in gross domestic product (GDP) 5.9% (2025)
- Gross domestic product (GDP) 17.42 billion constant 2015 US$ (2025)
- GDP per capita in international and market dollars 4,882 constant 2015 US$ (2025)
- DEC alternative conversion factor 3,545 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) 1.26 trillion current LCU (2025)
- Net secondary income (Net current transfers from abroad) 355.63 million current US$ (2025)
- Taxes less subsidies on products 8.52 trillion current LCU (2025)
Frequently asked questions
- What is total factor productivity in Mongolia?
- Total factor productivity in Mongolia was 1.02 in 2023, according to Feenstra et al. - Penn World Table (2025) – with major processing by Our World in Data.
- What is the highest total factor productivity recorded in Mongolia?
- The highest recorded value was 1.02 in 2023.
- What is the lowest total factor productivity recorded in Mongolia?
- The lowest recorded value was 0.5359 in 1993.
- How does Mongolia rank for total factor productivity?
- Mongolia ranks 28th out of 120 countries with data for 2023.
- Is total factor productivity rising or falling in Mongolia?
- Over the last ten years it is up 19.2%. The long-run trend across the full record is rising.
- Where does this Mongolia data come from?
- The figures come from Feenstra et al. - Penn World Table (2025) – with major processing by Our World in Data, published as part of Total factor productivity. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 44 observations, free to reuse under CC BY 4.0 (Our World in Data).
About this data
This is the level of total factor productivity, relative to each country's value in 2021 (which is set to 1). This data is adjusted for inflation and differences in living costs between countries.