Unemployment Rate in Mongolia decreased to 8.10 percent in the fourth quarter of 2019 from 9.90 percent in the third quarter of 2019. Mongolia Unemployment Rate - data, historical chart, and calendar of releases - was last updated on February of 2020 from its official source.

Unemployment Rate in Mongolia averaged 7.06 percent from 1990 until 2019, reaching an all time high of 11.80 percent in the first quarter of 2019 and a record low of 2.80 percent in the fourth quarter of 2007. This page provides - Mongolia Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

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 8.10 in 12 months time. In the long-term, the Mongolia Unemployment Rate is projected to trend around 7.30 percent in 2021, according to our econometric models.


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Mongolia Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
8.10 9.90 11.80 2.80 1990 - 2019 percent Quarterly


Calendar GMT Actual Previous Consensus TEForecast
2019-06-12 09:45 AM Q1 11.8% 6.6% 8.5%
2019-08-16 08:15 AM Q2 10.1% 11.8% 8.20%
2019-11-15 11:00 AM Q3 9.9% 10.1% 9.10%
2020-02-17 09:00 AM Q4 8.1% 9.9% 9.00%
2020-06-15 09:00 AM Q1 8.1% 8.50%
2020-08-17 09:00 AM Q2 8.10%
2020-11-16 09:00 AM Q3 8.10%


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.