Mongolia: Youth unemployment

(measure: percent; Source: The World Bank)
* indicates monthly or quarterly data series

Mongolia: Youth unemployment, ages 15-24

: For that indicator, we provide data for Mongolia from 1991 to 2020. The average value for Mongolia during that period was 11.82 percent with a minimum of 8.28 percent in 2012 and a maximum of 19.9 percent in 2016. The latest value from 2020 is 16 percent. For comparison, the world average in 2020 based on 182 countries is 15.95 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
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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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