Mongolia—Average Firm Age (years)
Category: Private SectorSource: World Bank World Development Indicators ↗Global Rank: #16 of 140Updated June 2026
Latest Value
42 years
2019
YoY Change
-19.3%
2013 → 2019
Global Rank
#16
of 140 countries
Maximum
52 years
2013
Minimum
42 years
2019
CAGR
-0.4%
3 years
Last
42 years
Previous
52 years
Highest
52 years
Lowest
42 years
Source
World Bank World Development Indicators
Mongolia's average firm age (years) was 42 years in 2019, ranking #16 out of 140 countries. This represents a -19.3% change from 2013. Over the past 3 years, the highest recorded value was 52 years (2013) and the lowest was 42 years (2019). Data sourced from the World Bank World Development Indicators.
Source: World Bank World Development Indicators
Historical Data
| Year | Value | Change |
|---|---|---|
| 2019 | 42 years | -19.3% |
| 2013 | 52 years | +19.6% |
| 2009 | 43 years |
Top Countries — Average Firm Age (years)
About This Indicator
Definition
The average wait, in days, to obtain an operating license, from the day of the application to the day it was granted.
Methodology
Data compiled by Enterprise Surveys, World Bank (WB), uri: https://www.enterprisesurveys.org/en/data.