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Mongolia Wages: Minimum and Average

Mongolia Wages Data

Indicator Data Period
Wages 1438 MNT Thou/Month | 505.031 USD/Month 4Q/21
Wages in Manufacturing 1411 MNT Thousand/Month | 495.548 USD/Month 4Q/21


Latest data on Wages (MNT Thou/Month)

Wages
                     Mongolia - Historical Data (MNT Thou/Month)

What is average wage in Mongolia?

  • Average Wages in Mongolia increased to 1438 MNT Thou/Month (505.031 USD/Month) in the forth quarter of 2021. The maximum rate of average wage for employees was 1269 MNT Thou/Month and minimum was 60.9 MNT Thou/Month.
  • Data published Quarterly by National Statistical Office.

Historical Data (MNT Thou/Month) by years

Data
Period
Date
1438 4Q/21 06.06.2022
1335 3Q/21 07.03.2022
1330 2Q/21 28.10.2021
1315 1Q/21 22.07.2021
1269 3Q/20 10.01.2021
1166 3Q/19 02.03.2020
1161 2Q/19 29.10.2019
1120.3 4Q/18 12.03.2019


Historical Chart by presidents (MNT Thou/Month)

Wages in Mongolia by presidents

Name Period Start Data End Data Max Value Min Value CHG% Start/End
Khaltmaagiin Battulga 10.07.2017 - 959.1000 998.4000 1038.9000 955.9000 4.10%
Tsakhiagiin Elbegdorj 18.06.2009 - 10.07.2017 309.2000 959.1000 959.1000 296.5000 210.19%
Nambaryn Enkhbayar 24.06.2005 - 18.06.2009 101.8000 288.0000 291.1000 100.0000 182.91%
Natsagiin Bagabandi 20.06.1997 - 24.06.2005 62.3000 97.7000 97.7000 60.9000 56.82%
Punsalmaagiin Ochirbat 12.02.1992 - 20.06.2005 62.3000 97.7000 97.7000 60.9000 56.82%


Latest data on Wages in Manufacturing (MNT Thousand/Month)

Wages in Manufacturing
                     Mongolia - Historical Data (MNT Thousand/Month)

How much is average wage in manufacturing in Mongolia?

  • Average wages in manufacturing sector in Mongolia increased to 1411 MNT Thousand/Month (495.548 USD/Month). The maximum level was 1256 MNT Thousand/Month and minimum was 60.6 MNT Thousand/Month.
  • Data published Quarterly by National Statistical Office.

Historical Data (MNT Thousand/Month) by years

Data
Period
Date
1411 4Q/21 06.06.2022
1308 3Q/21 07.03.2022
1253 2Q/21 28.10.2021
1302 1Q/21 22.07.2021
1243 3Q/20 10.01.2021
1196 3Q/19 02.03.2020
1187 2Q/19 11.11.2019
1197 1Q/19 29.10.2019


Historical Chart by presidents (MNT Thousand/Month)

Wages in Manufacturing in Mongolia by presidents

Name Period Start Data End Data Max Value Min Value CHG% Start/End

Other labor indicators in Mongolia

Index Updated Actual Previous
Retirement Age Men 2022 60 60
Unemployment Rate 4Q/21 8.1 % 7.4
Labor Force Participation Rate 4Q/21 58.3 % 57.9

Wages in other countries

Country Updated Actual Previous
Bangladesh 2017 141.581 USD/Month 137.726
Kyrgyzstan Jul/22 338.649 USD/Month 362.146
Mongolia 4Q/21 505.031 USD/Month 468.857
Tajikistan Jun/22 195.016 USD/Month 168.836
China 2021 1258.813 USD/Month 1147.374
Georgia 2Q/22 552.33 USD/Month 518.638
India 2014 115.31 USD/Month 108.53
Israel Jun/22 3426.283 USD/Month 3427.696
South Korea 2Q/22 2777.423 USD/Month 3184.907
Taiwan Jul/22 1850.196 USD/Month 1675.433
Vietnam 2Q/22 314.186 USD/Month 268.105
Armenia Jul/22 596.906 USD/Month 585.856
Hong Kong 2Q/22 2206.502 USD/Month 2184.335
Japan Jul/22 3051.648 USD/Month 3899.515
Kazakhstan Aug/22 679.593 USD/Month 664.037
Macau 4Q/21 1946.423 USD/Month 1996.332
Malaysia 2020 633.394 USD/Month 696.237
Philippines 2016 200.58 USD/Month 189.61
Singapore 2Q/22 4097.12 USD/Month 4653.493
Thailand 2Q/22 410.468 USD/Month 177.323
Azerbaijan Jul/22 488.824 USD/Month 486.471
Bahrain 3Q/21 2074.722 USD/Month 2082.671
Uzbekistan 2021 291.595 USD/Month 242.437
Mauritius 2021 738.839 USD/Month 733.83