Mongolia: Youth unemployment

* indicates monthly or quarterly data series
 Mongolia

Youth unemployment, ages 15-24

 Latest value 9.73
 Year 2023
 Measure percent
 Data availability 1991 - 2023
 Average 11.41
 Min - Max 8.39 - 20.19
 Source The World Bank
For that indicator, we provide data for Mongolia from 1991 to 2023. The average value for Mongolia during that period was 11.41 percent with a minimum of 8.39 percent in 2012 and a maximum of 20.19 percent in 2016. The latest value from 2023 is 9.73 percent. For comparison, the world average in 2023 based on 178 countries is 16.02 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent values chart
Mongolia - Youth unemployment - Recent values chart

Historical chart
Mongolia - Youth unemployment - historical chart - 1991-2023




We present the rate of youth unemployment for Mongolia and other countries. Youth unemployment is the percent of 15-24 year olds who are part of the labor force but are unemployed. Recall that the labor force includes the employed and the unemployed people.
Definition: Youth unemployment refers to the share of the labor force ages 15-24 without work but available for and seeking employment.

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 Related indicators Latest value Reference Measure
 Labor force 1.40 2023 million people
 Unemployment rate 6.21 2022 percent
 Female unemployment 4.52 2023 percent
 Male unemployment 6.14 2023 percent
 Youth unemployment 9.73 2023 percent
 Labor force participation 60.07 2023 percent
 Labor force: percent female 45.03 2023 percent
 Female labor force participation 52.76 2023 percent
 Male labor force participation 67.75 2023 percent
 Self-employment 42.29 2022 percent
 Informal employment 42.90 2020 percent
 Employment 1.19 Q3/2023 million employed people
 Unemployment rate 5.20 Q3/2023 percent
 Labor cost 151.29 Q3/2023 index points
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