Wages in Mongolia decreased to 1314.90 MNT Thousand/Month in the first quarter of 2021 from 1328.10 MNT Thousand/Month in the fourth quarter of 2020. source: National Statistical Office of Mongolia

Wages in Mongolia averaged 524.85 MNT Thousand/Month from 2000 until 2021, reaching an all time high of 1328.10 MNT Thousand/Month in the fourth quarter of 2020 and a record low of 60.90 MNT Thousand/Month in the first quarter of 2001. This page provides the latest reported value for - Mongolia Wages - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Mongolia Wages - values, historical data and charts - was last updated on October of 2021.

Wages in Mongolia is expected to be 1110.00 MNT Thousand/Month by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Wages in Mongolia to stand at 1110.00 in 12 months time. In the long-term, the Mongolia Wages is projected to trend around 1110.00 MNT Thousand/Month in 2022, according to our econometric models.

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Mongolia Wages

Mongolia Last Unit Reference Previous Highest Lowest
Unemployment Rate 8.40 percent Jun/21 8.80 11.80 2.80
Unemployed Persons 101278.00 Jun/21 101161.00 153592.00 75309.00
Labor Force Participation Rate 56.80 percent Jun/21 54.90 64.80 54.90
Population 3.27 Million Dec/20 3.24 3.27 0.96
Employment Rate 52.10 percent Jun/21 50.10 60.30 50.10
Employed Persons 1105720.00 Jun/21 1054889.00 1274700.00 852805.00
Wages In Manufacturing 1302.20 MNT Thousand/Month Mar/21 1256.80 1302.20 60.60
Wages 1314.90 MNT Thousand/Month Mar/21 1328.10 1328.10 60.90