The World Economic Forum (WEF), a Geneva based non-profit international organization, released its annual Global Competitiveness Report for 2014-2015. According to the Global Competitiveness Report, Mongolia ranked 98^th out of 144 countries.

The Global Competitiveness Report produces internationally recognized rankings that provide a platform for dialogue between governments, business and civil society about the actions required to improve economic prosperity.

The different aspects of competitiveness are captured in the following 12 pillars:

-Institutions,

-Infrastructure,

-Macroeconomic environment,

-Health and primary education,

-Higher education and training,

-Goods market efficiency,

-Labor market efficiency,

-Financial market development,

-Technological readiness,

-Market size,

-Business sophistication,

-Innovation

Mongolia has been included in the report since 2005, and has been able to compare its competitiveness ratings to other countries.

The reports show that there have been no significant positive changes to Mongolia's competitiveness since 2005. The main obstacles to running a business in Mongolia are bureaucratic apparatus, corruption, exchange regulations, lack of qualified personnel, the instability of inflation policy, and chances for financing.

According to the Global Competitiveness Report 2014-2015, the top 10 countries are Switzerland, Singapore, the USA, Finland, Germany, Japan, Hong Kong, the Netherlands, the United Kingdom, and Sweden.