Monthly minimum wage in Mongolia
Mongolia: Monthly minimum wage was 660,000 in 2024. ◆ Volatile
Monthly minimum wage in Mongolia, 2008–2024
Source: International Labour Organization.
Analysis
The most recent figure for monthly minimum wage in Mongolia is 660,000, measured in 2024. That is the highest value across all 17 years on record.
That represents a change of up 20.0% on the previous year and up 243.8% over ten years.
Over the whole period, monthly minimum wage in Mongolia peaked at 660,000 in 2024 and was at its lowest, 108,000, in 2008.
Mongolia ranks 10th of 173 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Monthly minimum wage in Mongolia, year by year
| Year | Value | Change |
|---|---|---|
| 2008 | 108,000 | — |
| 2009 | 108,000 | +0.0% |
| 2010 | 108,000 | +0.0% |
| 2011 | 140,400 | +30.0% |
| 2012 | 140,400 | +0.0% |
| 2013 | 192,000 | +36.8% |
| 2014 | 192,000 | +0.0% |
| 2015 | 192,000 | +0.0% |
| 2016 | 192,000 | +0.0% |
| 2017 | 240,000 | +25.0% |
| 2018 | 240,000 | +0.0% |
| 2019 | 320,000 | +33.3% |
| 2020 | 420,000 | +31.2% |
| 2021 | 420,000 | +0.0% |
| 2022 | 550,000 | +31.0% |
| 2023 | 550,000 | +0.0% |
| 2024 | 660,000 | +20.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 108,000 | 108,000 | 108,000 | 2 |
| 2010s | 195,680 | 108,000 | 320,000 | 10 |
| 2020s | 520,000 | 420,000 | 660,000 | 5 |
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 monthly minimum wage in Mongolia?
- Monthly minimum wage in Mongolia was 660,000 in 2024, according to International Labour Organization.
- What is the highest monthly minimum wage recorded in Mongolia?
- The highest recorded value was 660,000 in 2024.
- What is the lowest monthly minimum wage recorded in Mongolia?
- The lowest recorded value was 108,000 in 2008.
- How does Mongolia rank for monthly minimum wage?
- Mongolia ranks 10th out of 173 countries with data for 2024.
- Is monthly minimum wage rising or falling in Mongolia?
- Over the last ten years it is up 243.8%. The long-run trend across the full record is volatile.
- Where does this Mongolia data come from?
- The figures come from International Labour Organization, published as part of Monthly minimum wage (Local currency). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 17 observations, free to reuse under ILO Terms of Use (attribution required).
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.