Mongolia  Minimum Wage, Labor Law, and Employment Data Sheet Mongolia Minimum Wage Rate 2024

Appx. Yearly Minimum Wage
$2,004.00 USD
Rank by Min. Wage
78 / 197
Gross National Product
$1,043.00 USD

Mongolia has a government-mandated minimum wage, and no worker in Mongolia can be paid less then this mandatory minimum rate of pay. Employers in Mongolia who fail to pay the Minimum Wage may be subject to punishment by Mongolia's government.

What is the Mongolia Minimum Wage?

Mongolia's Minimum Wage is the lowest amount a worker can be legally paid for his work. Most countries have a nation-wide minimum wage that all workers must be paid.

Mongolia's minimum wage is nearly 192,000 Mongolian tögrög ($87) per month for public and private sector workers. Mongolia's minimum wage was last changed in 1-Sep-2013.

How does Mongolia's minimum wage compare to the minimum wage in other countries?

Mongolia's yearly minimum wage is $2,004.00 in International Currency. International Currency is a measure of currency based on the value of the United States dollar in 2009. There are 78 countries with a higher Minimum Wage then Mongolia, and Mongolia is in the top 40 percent of all countries based on the yearly minimum wage rate.

Facts and statistics about Mongolia

Mongolia is a country located in the Eastern Asia region with a population of 2,662,000 and an average life span of 67.3 years.

Local Name Mongol Uls
Gross National Product $1,043.00
Government Type Republic
Current Leader Natsagiin Bagabandi
Independence Year 1921
Continent & Region Asia, Eastern Asia
Surface Area 1,566,500 square kilometers
ISO 3166 Country Code MN

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