Total factor productivity in Mongolia
Mongolia: Total factor productivity was 1.02 in 2023. ▲ Rising
Latest (2023)
1.02
Change on year
up 3.0%
World rank
28th
of 120 countries
All-time high
1.02
in 2023
All-time low
0.5359
in 1993
Years of data
44
1980–2023
Total factor productivity in Mongolia, 1980–2023
Source: 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.
Total factor productivity in Mongolia, year by year
| Year | Value | Change |
|---|---|---|
| 1980 | 0.7268 | — |
| 1981 | 0.7395 | +1.8% |
| 1982 | 0.7515 | +1.6% |
| 1983 | 0.7523 | +0.1% |
| 1984 | 0.7528 | +0.1% |
| 1985 | 0.7555 | +0.4% |
| 1986 | 0.783 | +3.6% |
| 1987 | 0.7694 | -1.7% |
| 1988 | 0.7672 | -0.3% |
| 1989 | 0.7523 | -1.9% |
| 1990 | 0.7363 | -2.1% |
| 1991 | 0.6456 | -12.3% |
| 1992 | 0.5716 | -11.5% |
| 1993 | 0.5359 | -6.3% |
| 1994 | 0.5385 | +0.5% |
| 1995 | 0.5703 | +5.9% |
| 1996 | 0.5726 | +0.4% |
| 1997 | 0.5823 | +1.7% |
| 1998 | 0.5799 | -0.4% |
| 1999 | 0.5809 | +0.2% |
| 2000 | 0.5704 | -1.8% |
| 2001 | 0.5787 | +1.5% |
| 2002 | 0.5912 | +2.2% |
| 2003 | 0.6126 | +3.6% |
| 2004 | 0.6515 | +6.4% |
| 2005 | 0.6772 | +3.9% |
| 2006 | 0.6958 | +2.7% |
| 2007 | 0.7296 | +4.9% |
| 2008 | 0.7617 | +4.4% |
| 2009 | 0.7251 | -4.8% |
| 2010 | 0.7132 | -1.6% |
| 2011 | 0.7769 | +8.9% |
| 2012 | 0.8128 | +4.6% |
| 2013 | 0.8548 | +5.2% |
| 2014 | 0.9041 | +5.8% |
| 2015 | 0.9073 | +0.4% |
| 2016 | 0.9273 | +2.2% |
| 2017 | 0.9584 | +3.4% |
| 2018 | 0.994 | +3.7% |
| 2019 | 1.01 | +2.1% |
| 2020 | 0.9978 | -1.6% |
| 2021 | 1 | +0.2% |
| 2022 | 0.9895 | -1.0% |
| 2023 | 1.02 | +3.0% |
Mongolia compared with similar countries
- Mongolia's 1.02 is above the median for upper middle income countries, which is 0.9902, 1.0× the median. (33 countries reporting)
- Mongolia's 1.02 is above the median for East Asia & Pacific, which is 0.9955, 1.0× the median. (15 countries reporting)
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
- Real gdp growth, annual growth rate 33.62 % change on previous year (2025)
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 4.08 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 5.17 Percent per annum (2029)
- SDRs holdings, US dollar, annual growth rate -2.15 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0035 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 24.74 units per person (2025)
- SDRs holdings, SDR, annual growth rate -6.82 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0025 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 18.07 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate -22.42 % change on previous year (2025)
Frequently asked questions
- What is total factor productivity in Mongolia?
- Total factor productivity in Mongolia was 1.02 in 2023, according to 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 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).