Mongolia: Monetary freedom

* indicates monthly or quarterly data series

Monetary freedom index (0-100)

 Latest value 74.1
 Year 2023
 Measure points
 Data availability 1995 - 2023
 Average 67.34
 Min - Max 0 - 87.6
 Source The Heritage Foundation
For that indicator, we provide data for Mongolia from 1995 to 2023. The average value for Mongolia during that period was 67.34 points with a minimum of 0 points in 1995 and a maximum of 87.6 points in 2005. The latest value from 2023 is 74.1 points. For comparison, the world average in 2023 based on 176 countries is 72.44 points. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series

Recent values chart
Mongolia - Monetary freedom - recent values

Historical chart
Mongolia - Monetary freedom - historical chart - 1995-2023

The Monetary Freedom index for Mongolia from The Heritage Foundation reflects the stability of prices in Mongolia and the use of price controls by the government. Price stability with minimal price controls is the ideal state for the free market.
Definition: The score for the Monetary freedom index is based on two factors: the weighted average inflation rate for the most recent three years and price controls. Higher index values denote price stability without microeconomic intervention.

 Related indicators Latest value Reference Measure
 Property rights 49 2023 points
 Freedom from corruption 37 2023 points
 Fiscal freedom 64 2023 points
 Business freedom 66 2023 points
 Labor freedom 68 2023 points
 Monetary freedom 74.10 2023 points
 Trade freedom 74 2023 points
 Investment freedom 50 2023 points
 Financial freedom 50 2023 points
 Economic freedom, overall index 62 2023 index points
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