Mongolia has officially received its National Productivity Master Plan 2026–2035, a strategic roadmap aimed at strengthening economic resilience, raising living standards, and driving productivity-led growth across the country. The plan was handed over at the Government Palace in Ulaanbaatar to Deputy Prime Minister Gankhuyag Khassuuri by the Asian Productivity Organization (APO) Secretary-General Dr. Indra Pradana Singawinata.
The Master Plan comes amid projections of slowing economic growth if Mongolia continues on a “business-as-usual” trajectory. Without reforms, annual GDP growth is expected to decline from 6.2% in 2000–2024 to 4.2% in 2026–2035 and further to 2.8% by 2050, mainly due to decreasing labor productivity.
Deputy Prime Minister Khassuuri emphasized that productivity is not only an economic metric but a driver of public service quality and citizens’ quality of life. The government’s agenda focuses on boosting labor productivity and wages, expanding manufacturing, and diversifying the economy, while also modernizing public services through digitalization, reduced bureaucracy, and streamlined regulations.
Minister for Family, Labour, and Social Protection Aubakir Telukhan called for a “Productivity Revolution” to reduce unemployment and raise wages, noting that Mongolia’s average labor productivity, at $11,300, is more than three times lower than the global average.
The Master Plan centers on five strategic thrusts: expanding market access, advancing technology and digitalization, improving talent quality, creating a more efficient business environment, and promoting inclusiveness. Eight priority sectors have been identified for targeted productivity growth, ranging from agriculture and manufacturing to health, education, and transportation.
The APO highlighted its continued commitment to supporting Mongolia in translating the plan into measurable outcomes, aiming for sustained growth, competitiveness, and shared prosperity across the nation.
As Mongolia seeks to modernize its economy and strengthen productivity, digital innovations and emerging technologies—including blockchain and cryptocurrency adoption—could play a future role in accelerating economic diversification and financial inclusion.