Labor cost index in Mongolia, December, 2019
For that indicator, we provide data for Mongolia from Q1 2014 to Q4 2019. The average value for Mongolia during that period was 150.7 index points with a minimum of 139.2 index points in Q3 2014 and a maximum of 169.6 index points in Q4 2019.
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* indicates monthly or quarterly data series
Measure: index points
Source: National Statistics Office of Mongolia
Definition: The index reflects the level of the total compensation of employees in the economy. Labor costs are defined as core expenditure borne by employers for the purpose of employing staff. They include employee compensation, with wages and salaries in cash and in kind, employers' social security contributions and employment taxes regarded as labor costs minus any subsidies received.