Average hourly labour cost per employee - Discontinued in Mongolia
Mongolia: Average hourly labour cost per employee - Discontinued was 9.2 in 2024. ▲ Rising
Average hourly labour cost per employee - Discontinued in Mongolia, 2020–2024
Source: International Labour Organization.
Analysis
Mongolia recorded 9.2 for average hourly labour cost per employee - discontinued in 2024. That is the highest value across all 5 years on record.
The figure is up 27.8% on the previous year and up 100.0% over five years.
That places Mongolia 47th out of 50 countries with data for 2024, putting it in the bottom quarter.
Average hourly labour cost per employee - Discontinued in Mongolia, year by year
| Year | Value | Change |
|---|---|---|
| 2020 | 4.6 | — |
| 2021 | 4.9 | +6.5% |
| 2022 | 5.8 | +18.4% |
| 2023 | 7.2 | +24.1% |
| 2024 | 9.2 | +27.8% |
Mongolia compared with similar countries
- Mongolia's 9.2 is below the median for upper middle income countries, which is 834.5, 1% of the median. (12 countries reporting)
Countries ranked near Mongolia
More work & labour data for Mongolia
- Population - Est. & Proj. — Total Population - Both sexes, annual 0.1039 % change on previous year (2100)
- Population - Est. & Proj. — Total Population - Male, annual growth 0.1076 % change on previous year (2100)
- Population - Est. & Proj. — Total Population - Female, annual growth 0.0999 % change on previous year (2100)
- Population - Est. & Proj. — Rural population, annual growth rate -1.07 % change on previous year (2050)
- Population - Est. & Proj. — Urban population, annual growth rate 1.05 % change on previous year (2050)
- Population - Est. & Proj. — Urban population 3,167 1000 No (2050)
- Population - Est. & Proj. — Rural population 908.11 1000 No (2050)
- Population - Est. & Proj. — Total Population - Female 2,756 1000 No (2100)
- Population - Est. & Proj. — Total Population - Male 2,763 1000 No (2100)
- Population - Est. & Proj. — Total Population - Both sexes 5,519 1000 No (2100)
Frequently asked questions
- What is average hourly labour cost per employee - discontinued in Mongolia?
- Average hourly labour cost per employee - discontinued in Mongolia was 9.2 in 2024, according to International Labour Organization.
- What is the highest average hourly labour cost per employee - discontinued recorded in Mongolia?
- The highest recorded value was 9.2 in 2024.
- What is the lowest average hourly labour cost per employee - discontinued recorded in Mongolia?
- The lowest recorded value was 4.6 in 2020.
- How does Mongolia rank for average hourly labour cost per employee - discontinued?
- Mongolia ranks 47th out of 50 countries with data for 2024.
- Where does this Mongolia data come from?
- The figures come from International Labour Organization, published as part of Average hourly labour cost per employee - Discontinued. Statizoid updates them automatically from the source API.
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About this data
Data on labour cost is presented, whenever possible, in nominal terms and on the basis of the mean hourly labour cost per employee. Labour cost is the cost incurred by the employer in the employment of labour in a specified reference period. It comprises remuneration for work performed, payments in respect of time paid for but not worked, bonuses and gratuities, the cost of food, drink and other payments in kind, cost of workers' housing borne by employers, employers' social security expenditures, cost to the employer for vocational training, welfare services and miscellaneous items, such as transport of workers, work clothes and recruitment, together with taxes regarded as labour cost. For more information, refer to the Prices, Costs, and Currency Conversions (PRICES) database description.