Unemployment in Mongolia

Mongolia Unemployment | Economic News & Forecasts

Mongolia - Unemployment

Economic growth accelerated in the third quarter in annual terms, propelled by investment related to the colossal Oyu Tolgoi copper mine. Although fixed investment growth slowed, it remained strong nonetheless, and the economy further benefitted from a build-up of inventories, likely related to industrial machinery imports. Overall, the external sector’s performance improved in the quarter as imports slowed while export growth picked up. However, private spending growth slowed to a near standstill. Meanwhile on 21 November, IMF staff declared that Mongolia was on track to meet all of its support program’s year-end targets.

Mongolia - Unemployment Data

2013  2014  2015  2016  2017  
Unemployment Rate7.9  7.9  7.5  10.0  8.8  

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Mongolia Unemployment Chart


Mongolia Unemployment
Note: Unemployment in % of active population.
Source: National Statistical Office of Mongolia.

Mongolia Facts

ValueChangeDate
Exchange Rate2,664-0.04 %Jan 14

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