Labor Force Participation Rate in Mongolia increased to 58.30 percent in the fourth quarter of 2021 from 57.90 percent in the third quarter of 2021. source: National Statistical Office of Mongolia

Labor Force Participation Rate in Mongolia averaged 61.16 percent from 2006 until 2021, reaching an all time high of 64.80 percent in the third quarter of 2006 and a record low of 54.90 percent in the first quarter of 2021. This page provides - Mongolia Labor Force Participation Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news. Mongolia Labor Force Participation Rate - values, historical data and charts - was last updated on August of 2022.

Labor Force Participation Rate in Mongolia is expected to be 62.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Mongolia Labor Force Participation Rate is projected to trend around 62.50 percent in 2023, according to our econometric models.

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Mongolia Labor Force Participation Rate



Related Last Previous Unit Reference
Unemployment Rate 8.10 7.40 percent Dec 2021
Unemployed Persons 99393.00 90894.00 Dec 2021
Labor Force Participation Rate 58.30 57.90 percent Dec 2021
Population 3.27 3.24 Million Dec 2020
Wages In Manufacturing 1411.40 1307.90 MNT Thousand/Month Dec 2021
Wages 1438.20 1335.10 MNT Thousand/Month Dec 2021
Employment Rate 53.60 53.60 percent Dec 2021
Employed Persons 1127111.00 1135898.00 Dec 2021

Mongolia Labor Force Participation Rate
The labour force participation rates is the number of persons who are employed and unemployed but looking for a job divided by the total working-age population.
Actual Previous Highest Lowest Dates Unit Frequency
58.30 57.90 64.80 54.90 2006 - 2021 percent Quarterly