Labor Force Participation Rate in Mongolia decreased to 59 percent in the third quarter of 2021 from 59.80 percent in the second quarter of 2020. source: National Statistical Office of Mongolia

Labor Force Participation Rate in Mongolia averaged 61.53 percent from 2006 until 2021, reaching an all time high of 64.80 percent in the third quarter of 2006 and a record low of 59 percent in the first quarter of 2020. This page provides - Mongolia Labor Force Participation Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news. Mongolia Labor Force Participation Rate - values, historical data and charts - was last updated on May of 2021.

Labor Force Participation Rate in Mongolia is expected to be 62.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Labor Force Participation Rate in Mongolia to stand at 62.50 in 12 months time. In the long-term, the Mongolia Labor Force Participation Rate is projected to trend around 62.50 percent in 2022, according to our econometric models.

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Mongolia Labor Force Participation Rate

Actual Previous Highest Lowest Dates Unit Frequency
59.00 59.80 64.80 59.00 2006 - 2021 percent Quarterly

Mongolia Labour Last Previous Highest Lowest Unit
Unemployment Rate 7.60 7.30 11.80 2.80 percent [+]
Unemployed Persons 92616.00 83673.00 153592.00 75309.00 [+]
Labor Force Participation Rate 59.00 59.80 64.80 59.00 percent [+]
Population 3.24 3.24 3.24 0.96 Million [+]
Employed Persons 1175986.00 1185205.00 1274700.00 852805.00 [+]
Employment Rate 54.70 55.80 60.30 52.80 percent [+]
Retirement Age Men 60.00 60.00 60.00 60.00 [+]
Retirement Age Women 55.00 55.00 55.00 55.00 [+]
Wages 1269.10 1261.30 1269.10 60.90 MNT Thousand/Month [+]
Wages In Manufacturing 1243.00 1236.90 1256.50 60.60 MNT Thousand/Month [+]


Mongolia Labor Force Participation Rate
The labour force participation rates is the number of persons who are employed and unemployed but looking for a job divided by the total working-age population.