Mongolia: Business freedom

* indicates monthly or quarterly data series
 Mongolia

Business freedom index (0-100)

 Latest value 68
 Year 2024
 Measure points
 Data availability 1995 - 2024
 Average 65
 Min - Max 55 - 73
 Source The Heritage Foundation
For that indicator, we provide data for Mongolia from 1995 to 2024. The average value for Mongolia during that period was 65 points with a minimum of 55 points in 1999 and a maximum of 73 points in 2006. The latest value from 2024 is 68 points. For comparison, the world average in 2024 based on 175 countries is 62 points. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent values chart
Mongolia - Business freedom - recent values

Historical chart
Mongolia - Business freedom - historical chart - 1995-2024




The Business Freedom index for Mongolia from The Heritage Foundation measures the ability to start, operate, and close a business. It reflects the overall burden of regulations and the efficiency of the government of Mongolia in the regulatory process.
Definition: The Business freedom index is based on 10 indicators, using data from the World Bank’s Doing Business study: Starting a business-procedures (number), time (days), cost (% of income per capita), and minimum capital (% of income per capita); Obtaining a license—procedures (number), time (days), and cost (% of income per capita); Closing a business—time (years), cost (% of estate), and recovery rate (cents on the dollar).


 Related indicators Latest value Reference Measure
 Property rights 49 2024 points
 Freedom from corruption 35 2024 points
 Fiscal freedom 64 2024 points
 Business freedom 68 2024 points
 Labor freedom 68 2024 points
 Monetary freedom 67.90 2024 points
 Trade freedom 74 2024 points
 Investment freedom 50 2024 points
 Financial freedom 50 2024 points
 Economic freedom, overall index 61 2024 index points
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