New businesses registered in Mongolia
Mongolia: New businesses registered was 18,238 number in 2024. ▲ Rising
New businesses registered in Mongolia, 2006–2024
Source: Entrepreneurship Database, World Bank (WB). Measured in number.
Analysis
In 2024, new businesses registered in Mongolia stood at 18,238 number. That is the highest value across all 19 years on record.
Compared with earlier readings it is up 17.6% on the previous year and up 41.0% over ten years.
Over the whole period, new businesses registered in Mongolia peaked at 18,238 number in 2024 and was at its lowest, 8,111 number, in 2009.
That places Mongolia 65th out of 177 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 19 years of available data.
New businesses registered in Mongolia, year by year
| Year | number | Change |
|---|---|---|
| 2006 | 13,199 number | — |
| 2007 | 12,335 number | -6.5% |
| 2008 | 10,568 number | -14.3% |
| 2009 | 8,111 number | -23.2% |
| 2010 | 9,447 number | +16.5% |
| 2011 | 11,446 number | +21.2% |
| 2012 | 11,271 number | -1.5% |
| 2013 | 12,803 number | +13.6% |
| 2014 | 12,931 number | +1.0% |
| 2015 | 11,027 number | -14.7% |
| 2016 | 9,994 number | -9.4% |
| 2017 | 12,323 number | +23.3% |
| 2018 | 11,544 number | -6.3% |
| 2019 | 12,120 number | +5.0% |
| 2020 | 11,605 number | -4.2% |
| 2021 | 13,860 number | +19.4% |
| 2022 | 15,488 number | +11.7% |
| 2023 | 15,509 number | +0.1% |
| 2024 | 18,238 number | +17.6% |
Mongolia compared with similar countries
- Mongolia's 18,238 number is above the median for upper middle income countries, which is 8,806 number, 2.1× the median. (52 countries reporting)
- Mongolia's 18,238 number is above the median for East Asia & Pacific, which is 16,144 number, 1.1× the median. (26 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 11,053 number | 8,111 number | 13,199 number | 4 |
| 2010s | 11,491 number | 9,447 number | 12,931 number | 10 |
| 2020s | 14,940 number | 11,605 number | 18,238 number | 5 |
Countries ranked near Mongolia
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)
- Food exports 3.3% (2023)
- Manufactures exports 1.7% (2023)
- Merchandise exports 15.76 billion current US$ (2025)
- Merchandise exports (current US$), per capita 4,416 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.6213 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate -0.1394 % change on previous year (2025)
Frequently asked questions
- What is new businesses registered in Mongolia?
- New businesses registered in Mongolia was 18,238 number in 2024, according to Entrepreneurship Database, World Bank (WB).
- What is the highest new businesses registered recorded in Mongolia?
- The highest recorded value was 18,238 number in 2024.
- What is the lowest new businesses registered recorded in Mongolia?
- The lowest recorded value was 8,111 number in 2009.
- How does Mongolia rank for new businesses registered?
- Mongolia ranks 65th out of 177 countries with data for 2024.
- Is new businesses registered rising or falling in Mongolia?
- Over the last ten years it is up 41.0%. 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 businesses registered (number). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 19 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
New businesses registered are the number of new limited liability corporations (or its equivalent) registered in the calendar year.