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Mongolia Wages: Minimum and Average

Mongolia Wages Data

Indicator Data Period
Wages 1890 MNT Thou/Month | 663.775 USD/Month 2Q/23
Wages in Manufacturing 1768 MNT Thousand/Month | 620.928 USD/Month 1Q/23


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 1890 MNT Thou/Month (663.775 USD/Month) in the second quarter of 2023. 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
1890 2Q/23 22.09.2023
1831 1Q/23 18.08.2023
1750 4Q/22 21.04.2023
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


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 1768 MNT Thousand/Month (620.928 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
1768 1Q/23 18.08.2023
1695 4Q/22 23.04.2023
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


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 2Q/23 5.8 % 6.6
Labor Force Participation Rate 2Q/23 57.9 % 56.5

Wages in other countries

Country Updated Actual Previous
Bangladesh 2017 141.581 USD/Month 137.726
Kyrgyzstan Jul/23 372.046 USD/Month 397.056
Mongolia 2Q/23 663.775 USD/Month 643.054
Tajikistan Jun/23 203.349 USD/Month 176.321
China 2022 1301.701 USD/Month 1219.6
Georgia 2Q/23 671.004 USD/Month 638.29
India 2014 115.31 USD/Month 108.53
Israel Jun/23 3237.175 USD/Month 3226.81
South Korea 2Q/23 3015.471 USD/Month 3419.512
Taiwan Jul/23 1846.444 USD/Month 1678.546
Vietnam 2Q/23 286.489 USD/Month 289.723
Armenia Aug/23 658.099 USD/Month 668.655
Hong Kong 2Q/23 2306.018 USD/Month 2269.91
Japan Aug/23 2140.488 USD/Month 2993.015
Kazakhstan Jan/23 718.049 USD/Month 657.009
Macau 2Q/23 2114.139 USD/Month 2114.139
Malaysia 2021 642.439 USD/Month 620.439
Philippines 2016 200.58 USD/Month 189.61
Singapore 2Q/23 4588.745 USD/Month 5151.515
Thailand 2Q/23 423.147 USD/Month 415.075
Azerbaijan Aug/23 544.118 USD/Month 542.353
Bahrain 2Q/23 2297.082 USD/Month 2307.692
Uzbekistan 2022 319.264 USD/Month 264.409
Mauritius 2022 846.312 USD/Month 763.242