Enforcing contracts: Cost in Mongolia

Mongolia: Enforcing contracts: Cost was 22.9% in 2019. ▼ Falling

Latest (2019)
22.9%
Change on year
unchanged
World rank
134th
of 188 countries
All-time high
30.6%
in 2003
All-time low
22.9%
in 2018
Years of data
17
2003–2019

Enforcing contracts: Cost in Mongolia, 2003–2019

01020302003201120192003: 30.6 % of claim2004: 30.6 % of claim2005: 30.6 % of claim2006: 30.6 % of claim2007: 30.6 % of claim2008: 30.6 % of claim2009: 30.6 % of claim2010: 30.6 % of claim2011: 30.6 % of claim2012: 30.6 % of claim2013: 30.6 % of claim2014: 30.6 % of claim2015: 30.6 % of claim2016: 30.6 % of claim2017: 30.6 % of claim2018: 22.9 % of claim2019: 22.9 % of claim

Source: World Bank. Measured in % of claim.

Analysis

The most recent figure for enforcing contracts: cost in Mongolia is 22.9%, measured in 2019. That is the lowest value across all 17 years on record.

The figure is down 25.2% over ten years.

Over the whole period, enforcing contracts: cost in Mongolia peaked at 30.6% in 2003 and was at its lowest, 22.9%, in 2018.

That places Mongolia 134th out of 188 countries with data for 2019, putting it in the middle of the range.

The long-run direction has been consistently falling across the 17 years of available data.

Averages by decade

DecadeAverage LowestHighest Years
2000s 30.6% 30.6% 30.6% 7
2010s 29.1% 22.9% 30.6% 10

Countries ranked near Mongolia

  1. 131 Bhutan 23.1% compare
  2. 131 Latvia 23.1% compare
  3. 133 Ghana 23.0% compare
  4. 135 Sri Lanka 22.8% compare
  5. 136 Argentina 22.5% compare
  6. 137 Greece 22.4% compare

See the full ranking of 190 places →

More reference data data for Mongolia

All data for Mongolia →

Frequently asked questions

What is enforcing contracts: cost in Mongolia?
Enforcing contracts: cost in Mongolia was 22.9% in 2019, according to the World Bank.
What is the highest enforcing contracts: cost recorded in Mongolia?
The highest recorded value was 30.6% in 2003.
What is the lowest enforcing contracts: cost recorded in Mongolia?
The lowest recorded value was 22.9% in 2018.
How does Mongolia rank for enforcing contracts: cost?
Mongolia ranks 134th out of 188 countries with data for 2019.
Is enforcing contracts: cost rising or falling in Mongolia?
Over the last ten years it is down 25.2%. The long-run trend across the full record is falling.
Where does this Mongolia data come from?
The figures come from the World Bank, published as part of Enforcing contracts: Cost (% of claim). Statizoid updates them automatically from the source API.

Download this data

CSV · JSON — 17 observations, free to reuse under CC BY 4.0 (World Bank Open Data).

About this data

Indicator
Enforcing contracts: Cost (% of claim)
Unit
% of claim
Source
World Bank
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
190 places, 3,083 data points, 2003–2019
Last refreshed

The cost to enforce contracts is recorded as a percentage of the claim value, assumed to be equivalent to 200% of income per capita or $5,000, whichever is greater. Three types of costs are recorded: average attorney fees, court costs and enforcement costs. Bribes are not taken into account.