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Mongolia Wages: Minimum and Average

Mongolia Wages Data

Indicator Data Period
Wages 1544 MNT Thou/Month | 542.259 USD/Month 2Q/22
Wages in Manufacturing 1493 MNT Thousand/Month | 524.347 USD/Month 2Q/22


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 1544 MNT Thou/Month (542.259 USD/Month) in the second quarter of 2022. 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
1544 2Q/22 19.10.2022
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


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 1493 MNT Thousand/Month (524.347 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
1493 2Q/22 19.10.2022
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


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 3Q/22 5.4 % 7.8
Labor Force Participation Rate 3Q/22 59.2 % 59.3

Wages in other countries

Country Updated Actual Previous
Bangladesh 2017 141.581 USD/Month 137.726
Kyrgyzstan Nov/22 334.585 USD/Month 331.73
Mongolia 2Q/22 542.259 USD/Month 509.245
Tajikistan Sep/22 177.405 USD/Month 158.028
China 2021 1325.14 USD/Month 1207.829
Georgia 3Q/22 606.464 USD/Month 585.932
India 2014 115.31 USD/Month 108.53
Israel Oct/22 3575.879 USD/Month 3550.378
South Korea 3Q/22 3466.543 USD/Month 3193.976
Taiwan Nov/22 1720.525 USD/Month 1697.218
Vietnam 4Q/22 289.964 USD/Month 285.7
Armenia Nov/22 627.048 USD/Month 599.037
Hong Kong 3Q/22 2228.571 USD/Month 2209.184
Japan Nov/22 2506.098 USD/Month 2438.177
Kazakhstan Dec/22 680.929 USD/Month 680.929
Macau 4Q/22 1936.132 USD/Month 1737.555
Malaysia 2021 711.908 USD/Month 687.529
Philippines 2016 200.58 USD/Month 189.61
Singapore 3Q/22 4434.583 USD/Month 4473.604
Thailand 3Q/22 462.877 USD/Month 468.719
Azerbaijan Nov/22 488.235 USD/Month 487.059
Bahrain 3Q/22 2148.541 USD/Month 2143.236
Uzbekistan 2021 285.823 USD/Month 237.638
Mauritius 2021 764.095 USD/Month 758.914