Starting a business: Time - Men (days) in Mongolia
Mongolia: Starting a business: Time - Men was 12 days in 2019. ▼ Falling
Starting a business: Time - Men in Mongolia, 2003–2019
Source: World Bank. Measured in days.
Analysis
In 2019, starting a business: time - men in Mongolia stood at 12 days. That is the lowest value across all 17 years on record.
The figure is down 29.4% over ten years.
Over the whole period, starting a business: time - men in Mongolia peaked at 24 days in 2003 and was at its lowest, 12 days, in 2015.
Mongolia ranks 90th of 191 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 17 years of available data.
Starting a business: Time - Men in Mongolia, year by year
| Year | days | Change |
|---|---|---|
| 2003 | 24 days | — |
| 2004 | 17 days | -29.2% |
| 2005 | 17 days | +0.0% |
| 2006 | 17 days | +0.0% |
| 2007 | 17 days | +0.0% |
| 2008 | 17 days | +0.0% |
| 2009 | 17 days | +0.0% |
| 2010 | 17 days | +0.0% |
| 2011 | 17 days | +0.0% |
| 2012 | 16 days | -5.9% |
| 2013 | 16 days | +0.0% |
| 2014 | 16 days | +0.0% |
| 2015 | 12 days | -25.0% |
| 2016 | 12 days | +0.0% |
| 2017 | 12 days | +0.0% |
| 2018 | 12 days | +0.0% |
| 2019 | 12 days | +0.0% |
Mongolia compared with similar countries
- Mongolia's 12 days is above the median for upper middle income countries, which is 12 days, 1.0× the median. (56 countries reporting)
- Mongolia's 12 days is below the median for East Asia & Pacific, which is 12.82 days, 94% of the median. (28 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 18 days | 17 days | 24 days | 7 |
| 2010s | 14.2 days | 12 days | 17 days | 10 |
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 starting a business: time - men in Mongolia?
- Starting a business: time - men in Mongolia was 12 days in 2019, according to the World Bank.
- What is the highest starting a business: time - men recorded in Mongolia?
- The highest recorded value was 24 days in 2003.
- What is the lowest starting a business: time - men recorded in Mongolia?
- The lowest recorded value was 12 days in 2015.
- How does Mongolia rank for starting a business: time - men?
- Mongolia ranks 90th out of 191 countries with data for 2019.
- Is starting a business: time - men rising or falling in Mongolia?
- Over the last ten years it is down 29.4%. 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 Starting a business: Time - Men (days). 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
The time for men captures the median duration that business incorporation experts indicate is necessary for five male married entrepreneurs to complete all procedures required to start and operate a business with minimum follow-up and no extra payments. It is calulared in calendar days. The time estimates of all procedures are added to calculate the total time required to start and operate a business, taking into account simultaneity of processes. It is assumed that the minimum time required for each procedure is one day, except for procedures that can be fully completed online, for which the time required is recorded as half a day.