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.
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
- 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)
- Foreign direct investment, net outflows (BoP, current US$), gaps 55.47 million BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0023 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 15.74 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 2.78 billion BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual 23.79 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.1169 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 789.32 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate 27.16 % 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 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
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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.