Factor scores

How Mongolia performs

Tax

83.7

Very strong

Lighter than most. Taxes here are below average: Mongolia is 41st of 123. Most people keep a good share of their income and business profit. Personal income tax 10 - 20%, corporate tax 1 - 25%, VAT 10%.

Source: Heritage Foundation, Index of Economic Freedom (Tax Burden sub-score)

Safety

66.2

Strong

Safe. Mongolia is safer and more stable than most countries we cover (31st of 117).

Source: Institute for Economics and Peace, Global Peace Index

Cost of Living

86.1

Very strong

Affordable. Everyday life costs less here than in most countries we cover: Mongolia is 32nd of 118.

Source: Numbeo Cost of Living Index

Education

39.2

Weak

Average education. Education is mid-table: Mongolia is 71st of 120.

Source: UNDP & MBRF, Global Knowledge Index

Every figure is published by the institution named against it. We do not adjust, model or estimate the underlying values. See the formulas.

Tax and citizenship

The detail behind the scores

Taxation

Corporate income tax	1 - 25% Applicable tax rate varies based on the amount of income earned
Personal income tax	10 - 20% Applicable tax rate varies based on the amount of income earned and residency status
Standard VAT	10%