New business density (new registrations per 1,000 people ages 15-64) in Mongolia
Mongolia: New business density (new registrations per 1,000 people ages 15-64) was 8.26 new registrations per 1,000 people ages 15-64 in 2024. ▲ Rising
Latest (2024)
8.26 new registrations per 1,000 people ages 15-64
Change on year
up 15.8%
World rank
31st
of 177 countries
All-time high
8.26 new registrations per 1,000 people ages 15-64
in 2024
All-time low
4.41 new registrations per 1,000 people ages 15-64
in 2009
Years of data
19
2006–2024
New business density in Mongolia, 2006–2024
Source: Entrepreneurship Database, World Bank (WB). Measured in new registrations per 1,000 people ages 15-64.
Analysis
Mongolia recorded 8.26 new registrations per 1,000 people ages 15-64 for new business density in 2024. That is the highest value across all 19 years on record.
The figure is up 15.8% on the previous year and up 27.2% over ten years.
Over the whole period, new business density in Mongolia peaked at 8.26 new registrations per 1,000 people ages 15-64 in 2024 and was at its lowest, 4.41 new registrations per 1,000 people ages 15-64, in 2009.
That places Mongolia 31st out of 177 countries with data for 2024, putting it in the top quarter.
The long-run direction has been consistently rising across the 19 years of available data.
New business density (new registrations per 1,000 people ages 15-64) in Mongolia, year by year
| Year | new registrations per 1,000 people ages 15-64 | Change |
|---|---|---|
| 2006 | 7.64 new registrations per 1,000 people ages 15-64 | — |
| 2007 | 6.99 new registrations per 1,000 people ages 15-64 | -8.5% |
| 2008 | 5.87 new registrations per 1,000 people ages 15-64 | -16.1% |
| 2009 | 4.41 new registrations per 1,000 people ages 15-64 | -24.8% |
| 2010 | 5.05 new registrations per 1,000 people ages 15-64 | +14.5% |
| 2011 | 6.02 new registrations per 1,000 people ages 15-64 | +19.2% |
| 2012 | 5.83 new registrations per 1,000 people ages 15-64 | -3.2% |
| 2013 | 6.52 new registrations per 1,000 people ages 15-64 | +11.8% |
| 2014 | 6.49 new registrations per 1,000 people ages 15-64 | -0.5% |
| 2015 | 5.47 new registrations per 1,000 people ages 15-64 | -15.7% |
| 2016 | 4.91 new registrations per 1,000 people ages 15-64 | -10.2% |
| 2017 | 6.01 new registrations per 1,000 people ages 15-64 | +22.4% |
| 2018 | 5.59 new registrations per 1,000 people ages 15-64 | -6.9% |
| 2019 | 5.84 new registrations per 1,000 people ages 15-64 | +4.4% |
| 2020 | 5.54 new registrations per 1,000 people ages 15-64 | -5.1% |
| 2021 | 6.54 new registrations per 1,000 people ages 15-64 | +18.0% |
| 2022 | 7.22 new registrations per 1,000 people ages 15-64 | +10.4% |
| 2023 | 7.13 new registrations per 1,000 people ages 15-64 | -1.2% |
| 2024 | 8.26 new registrations per 1,000 people ages 15-64 | +15.8% |
Mongolia compared with similar countries
- Mongolia's 8.26 new registrations per 1,000 people ages 15-64 is above the median for upper middle income countries, which is 2.17 new registrations per 1,000 people ages 15-64, 3.8× the median. (52 countries reporting)
- Mongolia's 8.26 new registrations per 1,000 people ages 15-64 is above the median for East Asia & Pacific, which is 1.67 new registrations per 1,000 people ages 15-64, 5.0× the median. (26 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 6.23 new registrations per 1,000 people ages 15-64 | 4.41 new registrations per 1,000 people ages 15-64 | 7.64 new registrations per 1,000 people ages 15-64 | 4 |
| 2010s | 5.77 new registrations per 1,000 people ages 15-64 | 4.91 new registrations per 1,000 people ages 15-64 | 6.52 new registrations per 1,000 people ages 15-64 | 10 |
| 2020s | 6.94 new registrations per 1,000 people ages 15-64 | 5.54 new registrations per 1,000 people ages 15-64 | 8.26 new registrations per 1,000 people ages 15-64 | 5 |
Countries ranked near Mongolia
- 29 Norway 8.32 new registrations per 1,000 people ages 15-64 compare
- 30 Cote d'Ivoire 8.28 new registrations per 1,000 people ages 15-64 compare
- 32 Barbados 8.11 new registrations per 1,000 people ages 15-64 compare
- 33 Georgia 7.62 new registrations per 1,000 people ages 15-64 compare
- 34 Romania 7.47 new registrations per 1,000 people ages 15-64 compare
More private sector data for Mongolia
- Merchandise trade 106.7% (2025)
- Food imports 11.0% (2023)
- Manufactures imports 65.3% (2023)
- Merchandise imports 11.31 billion current US$ (2025)
- Commercial service imports 4.77 billion current US$ (2025)
- Food exports 3.3% (2023)
- Manufactures exports 1.7% (2023)
- Merchandise exports 15.76 billion current US$ (2025)
- Commercial service exports 1.92 billion current US$ (2025)
- Merchandise exports (current US$), per capita 4,416 current US$ per person (2025)
Frequently asked questions
- What is new business density in Mongolia?
- New business density in Mongolia was 8.26 new registrations per 1,000 people ages 15-64 in 2024, according to Entrepreneurship Database, World Bank (WB).
- What is the highest new business density recorded in Mongolia?
- The highest recorded value was 8.26 new registrations per 1,000 people ages 15-64 in 2024.
- What is the lowest new business density recorded in Mongolia?
- The lowest recorded value was 4.41 new registrations per 1,000 people ages 15-64 in 2009.
- How does Mongolia rank for new business density?
- Mongolia ranks 31st out of 177 countries with data for 2024.
- Is new business density rising or falling in Mongolia?
- Over the last ten years it is up 27.2%. The long-run trend across the full record is rising.
- Where does this Mongolia data come from?
- The figures come from Entrepreneurship Database, World Bank (WB), published as part of New business density (new registrations per 1,000 people ages 15-64). Statizoid updates them automatically from the source API.
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About this data
The number of newly registered firms with limited liability per 1,000 working-age people (ages 15-64) per calendar year.