Mongolia: Labor cost

* indicates monthly or quarterly data series

Labor cost index

 Latest value 168.32
 Reference Q4 2023
 Measure index points
 Data availability Q4 2000 - Q4 2023
 Average 49.73
 Min - Max 4.59 - 168.32
 Source National Statistics Office of Mongolia
For that indicator, we provide data for Mongolia from Q4 2000 to Q4 2023. The average value for Mongolia during that period was 49.73 index points with a minimum of 4.59 index points in Q1 2001 and a maximum of 168.32 index points in Q4 2023. Click on the following link to see the values of Labor cost index around the world.
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* indicates monthly or quarterly data series

Recent values chart
Mongolia - Labor cost - recent values

Historical chart
Mongolia - Labor cost - historical chart - 2000-2023
Measure: index points
Source: National Statistics Office of Mongolia

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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.

 Related indicators Latest value Reference Measure
 Labor force 1.36 2022 million people
 Unemployment rate 6.21 2022 percent
 Female unemployment 7.80 2022 percent
 Male unemployment 8.62 2022 percent
 Youth unemployment 9.73 2023 percent
 Labor force participation 60.07 2023 percent
 Labor force: percent female 44.96 2022 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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