Mongolia: Labor cost
* indicates monthly or quarterly data series
The most recent value is 168.32 index points as of Q4 2023, an increase compared to the previous value of 151.29 index points. Historically, the average for Mongolia from Q4 2000 to Q4 2023 is 49.73 index points. The minimum of 4.59 index points was recorded in Q1 2001, while the maximum of 168.32 index points was reached in Q4 2023.
Click on the following link to see the values of: Labor cost around the world.
Select indicator
Download data from our database
* indicates monthly or quarterly data series
- Measure: index points
- Source: National Statistics Office of Mongolia
| Recent values | Mongolia: Labor cost index |
|---|---|
| 2023 Q4 | 168.32 |
| 2023 Q3 | 151.29 |
| 2023 Q2 | 142.31 |
| 2023 Q1 | 137.85 |
| 2022 Q4 | 131.78 |
| 2022 Q3 | 118.45 |
| 2022 Q2 | 116.29 |
| 2022 Q1 | 109.19 |
Download data from our database
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 | Reference | Measure |
|---|---|---|---|
| Labor force | 1.40 | 2023 | million people |
| Unemployment rate | 6.13 | 2023 | 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 | 1.33 | Q3/2023 | million employed people |
| Unemployment rate | 5.30 | Q3/2023 | percent |
| Labor cost | 151.29 | Q3/2023 | index points |