New business density — all countries

New business density — Mongolia

New business density in Mongolia in 2024 — 8.26 per 1,000. Ranked 30 in the world out of 134. Since 2006, the indicator has risen by 8%.

2024 8.26 per 1,000 +15.82% vs 2023
World rank 30of 134
Period maximum 8.26 per 1,0002024
Period minimum 4.41 per 1,0002009

Trend over time

2006–2024 · per 1,000 people aged 15–64

New business density — Mongolia, 2006–202445678920062008201020122014201620182020202220242006: 7.64 per 1,0002007: 6.99 per 1,0002008: 5.87 per 1,0002009: 4.41 per 1,0002010: 5.05 per 1,0002011: 6.02 per 1,0002012: 5.83 per 1,0002013: 6.52 per 1,0002014: 6.49 per 1,0002015: 5.47 per 1,0002016: 4.91 per 1,0002017: 6.01 per 1,0002018: 5.59 per 1,0002019: 5.84 per 1,0002020: 5.54 per 1,0002021: 6.54 per 1,0002022: 7.22 per 1,0002023: 7.13 per 1,0002024: 8.26 per 1,000
Change over the period: +0.61 (+8%) Average annual rate: 0.43 %

Comparison, 2024

How the value compares with the world and the groups this territory belongs to: Mongolia

Mongolia 8.26 per 1,000
World 5.15 per 1,000
East Asia & Pacific 10.73 per 1,000
New business density — Mongolia, by year Mongolia All countries CSV XLSX
Year per 1,000 Change Change, %
2024 8.26 +1.13 +15.82%
2023 7.13 −0.09 −1.23%
2022 7.22 +0.68 +10.37%
2021 6.54 +1 +17.97%
2020 5.54 −0.3 −5.08%
2019 5.84 +0.25 +4.42%
2018 5.59 −0.42 −6.91%
2017 6.01 +1.1 +22.38%
2016 4.91 −0.56 −10.21%
2015 5.47 −1.02 −15.73%
2014 6.49 −0.03 −0.45%
2013 6.52 +0.69 +11.79%
2012 5.83 −0.19 −3.22%
2011 6.02 +0.97 +19.21%
2010 5.05 +0.64 +14.52%
2009 4.41 −1.45 −24.78%
2008 5.87 −1.13 −16.1%
2007 6.99 −0.65 −8.53%
2006 7.64

Eastern Asia, 2024

The same indicator for neighboring countries — with links to their pages

About the indicator

The number of newly registered limited liability companies per 1,000 people of working age (15–64) over a year. It is an indicator of entrepreneurial activity and of the ease of entering a market. Only limited liability companies are counted, so in countries where sole proprietorships dominate the figure is understated.

Important: The aggregate is weighted by the population aged 15–64 — the same denominator that stands in the indicator. Only new limited liability companies are counted, so where other legal forms are common the value is understated.

Source: World Development Indicators (World Bank), license CC BY 4.0.