IDA blend vs Mongolia: New business density
IDA blend
1.31 new registrations per 1,000 people ages 15-64
in 2022
Mongolia
8.26 new registrations per 1,000 people ages 15-64
in 2024
IDA blend rank
31st
Mongolia rank
31st
New business density over time
- IDA blend
- Mongolia
How they compare
Mongolia currently reports 8.26 new registrations per 1,000 people ages 15-64 against 1.31 new registrations per 1,000 people ages 15-64 in IDA blend, a difference of 6.95 new registrations per 1,000 people ages 15-64.
That makes Mongolia's figure about 6.3 times IDA blend's.
Across all 17 years both countries report, Mongolia has been ahead every year.
IDA blend ranks 31st and Mongolia ranks 31st of 45 groups.
Mongolia has averaged higher in every one of the 3 decades both report.
Head to head by decade
| Decade | IDA blend | Mongolia | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 0.4301 new registrations per 1,000 people ages 15-64 | 6.23 new registrations per 1,000 people ages 15-64 | 5.8 new registrations per 1,000 people ages 15-64 | Mongolia |
| 2010s | 0.5941 new registrations per 1,000 people ages 15-64 | 5.77 new registrations per 1,000 people ages 15-64 | 5.18 new registrations per 1,000 people ages 15-64 | Mongolia |
| 2020s | 1.14 new registrations per 1,000 people ages 15-64 | 6.43 new registrations per 1,000 people ages 15-64 | 5.29 new registrations per 1,000 people ages 15-64 | Mongolia |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher new business density, IDA blend or Mongolia?
- Mongolia, at 8.26 new registrations per 1,000 people ages 15-64 against 1.31 new registrations per 1,000 people ages 15-64 in IDA blend as of 2024.
- What is the difference in new business density between IDA blend and Mongolia?
- 6.95 new registrations per 1,000 people ages 15-64, with Mongolia ahead.
- How many years of comparable data are there for IDA blend and Mongolia?
- 17 years are reported by both, from 2006 to 2022.
- How do IDA blend and Mongolia rank globally for new business density?
- IDA blend ranks 31st and Mongolia ranks 31st of 45 groups.
- Where does this data come from?
- Entrepreneurship Database, World Bank (WB), published as New business density (new registrations per 1,000 people ages 15-64). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
The number of newly registered firms with limited liability per 1,000 working-age people (ages 15-64) per calendar year.