Unemployment in Mongolia

Mongolia Unemployment | Economic News & Forecasts

Mongolia - Unemployment

The economy ended 2018 on a strong note, as growth gained steam in Q4 thanks to a pick-up in private consumption coupled with stellar growth in the external sector due to the Oyu Tolgoi mine. This notably enabled the government to balance its budget for the first time since 2010. Meanwhile, on the political front, the recent crisis stemming from a corruption scandal involving members of parliament and the government appears to have eased somewhat. The scandal had triggered large-scale protests as well as legislative gridlock for nearly a month and a half; and, on 29 January, a majority of parliamentarians voted to oust then-speaker Miyegombyn Enkhbold. Nevertheless, instability will likely linger due to the highly divided political landscape.

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

Exchange Rate2,634-0.04 %Mar 11

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