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    Mongolia

    Extended
    Asia · #36 of 117 markets · IEPA 2024 (final) · 2026 current estimate available
    61.4▼ -0.1 YoY
    ●●○0.79IEPA COMPOSITE

    Mongolia scores 61.4 out of 100 on the IEPA (2024 edition), ranking #36 of 117 economies. That is down 0.1 points on the year before. Its strongest zone is FDI Accelerator at 87.4. Its binding constraint, the lowest-scoring of its six zones, is Resilience at 41.9. How the IEPA works →

    SIX FACTORS · CLICK ANY SCORE FOR ITS EVIDENCE
    IEPA TRAJECTORY · 2010–2026
    201120132015201720192021202320264248546066
    CAPITAL FLOWS · FDI NET INFLOWS % OF GDP
    20102011201220132014201520162017201820192020202120222024-50-2502550
    IE FDI intelligence · synced weekly
    PRODUCTIVE CAPABILITY
    IE COMPLEXITY LAYER · VINTAGE 2024
    #131of 145 ranked economies▲ 6 places since 2010
    How much productive know-how this market has demonstrated, read from the range and rarity of what it makes competitively.
    201020112012201320142015201620172018201920202021202220232024115121127138
    CAPABILITY RANK · HIGHER IS BETTER
    1.07% / yr
    Implied growth
    Annual growth the current capability base points to.
    32
    Diversity
    Distinct products made at competitive scale.
    -1.57
    Capability score
    Standardized: 0 is the world average.
    -1.16
    Outlook
    Value of the new products within reach of what it already does.
    READ ALONGSIDE THE INDEX
    This market sits in the top 33% on the IEPA composite but the bottom 4% on productive capability. The wider system is converting more than the productive base alone would predict, which puts the question on how durable that is. Both figures rank the same 115 markets that carry each measure.
    INDUSTRY STRENGTHS · REVEALED FROM TRADE EVIDENCE
    VINTAGE 2022-2024
    POSITION IN THE PRODUCT SPACE
    IE COMPLEXITY LAYER · VINTAGE 2024
    Minerals8 of 48 made · 23% of the rest within reach
    Textile and Home Goods4 of 78 made · 8% of the rest within reach
    Agriculture4 of 200 made · 14% of the rest within reach
    Textile Apparel and Accessories1 of 50 made · 10% of the rest within reach
    Industrial Chemicals and Metals1 of 157 made · 8% of the rest within reach
    Construction, Building, and Home Supplies1 of 104 made · 1% of the rest within reach
    Metalworking and Electrical Machinery and Parts0 of 155 made · 2% of the rest within reach
    Electronic and Electrical Goods0 of 73 made · 0% of the rest within reach
    MADE COMPETITIVELYONE STEP AWAY
    Electronic and Electrical Goods is the furthest: 0% made, and only 0% of the rest is within one step. A move there means building capability rather than extending it.
    READ ON THE 19 OF 32 COMPETITIVE PRODUCTS THAT CARRY A POSITION IN THE CAPABILITY MAP
    POSITIONED TO BUILD NEXT
    IE COMPLEXITY LAYER · VINTAGE 2024
    Chemical woodpulp, soda or sulfate$36B world market
    Wood, Paper & FurnitureOPENS 0.10 · COMPLEXITY +0.36
    Edible offal$9B world market
    Agrifood & FisheriesOPENS 0.07 · COMPLEXITY -0.41
    Uranium$23B world market
    Chemicals & PlasticsOPENS 0.06 · COMPLEXITY +0.02
    THE NEAREST OPTIONS AMONG 470 PRODUCTS ASSESSED · RANKED BY HOW MUCH EACH OPENS UP NEXT
    LIVE SIGNALS
    EXCLUSIVE-AI surveillance startup Flock Safety to cut several hundred jobs amid backlash, sources say - Devdiscourse
    Google News · Mongolia · Startups & Innovation · Oct 9 · Startup Ecosystem
    PEERS · EXTENDED
    🇪🇸Spain62.0→🇧🇭Bahrain61.8→🇸🇰Slovakia61.8→🇯🇵Japan61.5→
    ECOSYSTEM DENSITY
    IE Ecosystem Registry · 2026-06-27
    55organizations indexed across 5 types · 55 mapped
    Universities & research bodies
    33
    Government bodies
    13
    Research organizations
    6
    Fab labs & makerspaces
    2
    Corporate R&D
    1
    Universities, corporate R&D, government bodies, incubators, accelerators, science parks, and special economic zones, indexed today.Explore the directory →
    ORGANIZATIONS
    a sample of 55 indexed
    National Academy of Governance
    Universities & research bodies · Ulaanbaatar · 1924
    Mandakh University
    Universities & research bodies · Ulaanbaatar · 1992
    Immunitor (Mongolia)
    Corporate R&D · Ulaanbaatar · 2000
    Wildlife Science and Conservation Center of Mongolia
    Research organizations · Ulaanbaatar · 2004
    American Center for Mongolian Studies
    Research organizations · Ulaanbaatar · 2002
    The Judicial General Council of Mongolia
    Government bodies · Ulaanbaatar
    Gerlab Engineering Workshop
    Fab labs & makerspaces · Ulaanbaatar
    Defense Research Institute of Mongolia
    Government bodies · Ulaanbaatar · 1959
    Members get the full directory, filters, and exports.See all 55 organizations →

    Mongolia: common questions

    What is Mongolia's IEPA score?
    Mongolia scores 61.4 out of 100 on the IEPA, 2024 edition, which ranks it #36 of 117 economies.
    What is Mongolia's strongest zone?
    FDI Accelerator, at 87.4. The six zones are scored separately, so a market's strengths stay visible instead of being averaged away.
    What is holding Mongolia back?
    Its binding constraint is Resilience, at 41.9, the lowest of its six zones. The IEPA reports every zone separately so the constraint stays visible instead of being averaged into the composite.
    How does Mongolia compare with its peers?
    The closest scored peers are Spain (62.0), Bahrain (61.8), Slovakia (61.8), Japan (61.5).
    What is the IEPA?
    The Innovation Ecosystem Prosperity Assessment (IEPA) scores economies across six zones: innovation capacity, entrepreneurship capacity, resilience, alignment, the FDI accelerator, and prosperity outcomes. Every score carries a confidence band and traces to the evidence behind it.
    Run the full diagnostic →Talk to IE about Mongolia →