Lao People's Democratic Republic vs Mongolia: Monthly minimum wage
Monthly minimum wage over time
- Lao People's Democratic Republic
- Mongolia
How they compare
Lao People's Democratic Republic currently reports 1.60 million against 660,000 in Mongolia, a difference of 940,000.
That makes Lao People's Democratic Republic's figure about 2.4 times Mongolia's.
Across all 17 years both countries report, Lao People's Democratic Republic has been ahead every year.
Lao People's Democratic Republic ranks 7th and Mongolia ranks 10th of 173 countries.
Lao People's Democratic Republic has averaged higher in every one of the 3 decades both report.
Head to head by decade
| Decade | Lao People's Democratic Republic | Mongolia | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 319,000 | 108,000 | 211,000 | Lao People's Democratic Republic |
| 2010s | 747,400 | 195,680 | 551,720 | Lao People's Democratic Republic |
| 2020s | 1.32 million | 520,000 | 800,000 | Lao People's Democratic Republic |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher monthly minimum wage, Lao People's Democratic Republic or Mongolia?
- Lao People's Democratic Republic, at 1.60 million against 660,000 in Mongolia as of 2024.
- What is the difference in monthly minimum wage between Lao People's Democratic Republic and Mongolia?
- 940,000, with Lao People's Democratic Republic ahead.
- How many years of comparable data are there for Lao People's Democratic Republic and Mongolia?
- 17 years are reported by both, from 2008 to 2024.
- How do Lao People's Democratic Republic and Mongolia rank globally for monthly minimum wage?
- Lao People's Democratic Republic ranks 7th and Mongolia ranks 10th of 173 countries.
- Where does this data come from?
- International Labour Organization, published as Monthly minimum wage (Local currency). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Data refer to the minimum monthly earnings of all employees as of December 31st of each year. Minimum wages are not reported for countries for which collective bargaining is in place for minimum wages. In cases where a national minimum wage is not mandated, the minimum wage in place in the capital or major city is used. In some cases, an average of multiple regional minimum wages is used. In countries where the minimum wage is set at the sectoral level or occupational level, the minimum wage for manufacturing or unskilled workers is generally applied. Data are converted to U.S. dollars as the common currency, using exchange rates or purchasing power parity (PPP) rates rates for private consumption expenditures. The latter series allows for international comparisons by taking account of the differences in relative prices between countries. For more information, refer to the Wages and Working Time Statistics (COND) database description.