Unemployment Rate in Mongolia decreased to 6.60 percent in the fourth quarter of 2018 from 6.90 percent in the third quarter of 2018. Unemployment Rate in Mongolia averaged 6.82 percent from 1990 until 2018, reaching an all time high of 11.60 percent in the first quarter of 2016 and a record low of 2.80 percent in the fourth quarter of 2007.

Unemployment Rate in Mongolia is expected to be 8.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in Mongolia to stand at 8.80 in 12 months time. In the long-term, the Mongolia Unemployment Rate is projected to trend around 5.10 percent in 2020, according to our econometric models.

Mongolia Unemployment Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-05-15 08:00 AM Unemployment Rate 9.7% 7.3% 8%
2018-08-15 08:15 AM Unemployment Rate 7.5% 9.7% 9.2%
2018-11-15 11:00 AM Unemployment Rate 6.9% 7.5% 8.1%
2019-02-15 10:20 AM Unemployment Rate 6.6% 6.9% 8.40%
2019-05-31 08:00 AM Unemployment Rate 6.6% 8.5%
2019-08-15 08:15 AM Unemployment Rate 8.20%
2019-11-15 11:00 AM Unemployment Rate 8.60%


Mongolia Labour Last Previous Highest Lowest Unit
Unemployment Rate 6.60 6.90 11.60 2.80 percent [+]
Unemployed Persons 88907.00 92397.00 143548.00 75309.00 [+]
Labor Force Participation Rate 61.90 61.30 64.80 59.20 percent [+]
Population 3.24 3.18 3.24 0.96 Million [+]
Retirement Age Men 60.00 60.00 60.00 60.00 [+]
Retirement Age Women 55.00 55.00 55.00 55.00 [+]
Wages 1120.30 1031.80 1120.30 60.90 MNT Thousand/Month [+]
Wages In Manufacturing 1183.80 1118.70 1183.80 60.60 MNT Thousand/Month [+]
Employed Persons 1256356.00 1238900.00 1274700.00 852805.00 [+]
Employment Rate 57.80 57.00 60.30 52.80 percent [+]


Mongolia Unemployment Rate

In Mongolia, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force. This page provides - Mongolia Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Mongolia Unemployment Rate - actual data, historical chart and calendar of releases - was last updated on May of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
6.60 6.90 11.60 2.80 1990 - 2018 percent Quarterly




Country Last Previous
South Africa 27.60 Mar/19
Spain 14.70 Mar/19
Turkey 14.70 Feb/19
Brazil 12.70 Mar/19
Italy 10.20 Mar/19
Argentina 9.10 Dec/18
France 8.70 Mar/19
Euro Area 7.70 Mar/19
Saudi Arabia 6.00 Dec/18
Canada 5.70 Apr/19
Australia 5.20 Apr/19
Indonesia 5.01 Mar/19
Russia 4.70 Apr/19
South Korea 4.10 Apr/19
United Kingdom 3.80 Mar/19
China 3.67 Mar/19
United States 3.60 Apr/19
India 3.53 Dec/18
Netherlands 3.30 Apr/19
Germany 3.20 Mar/19
Mexico 3.20 Mar/19
Japan 2.50 Mar/19
Switzerland 2.40 Apr/19
Singapore 2.20 Mar/19


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