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Mongolia Unemployment Rate Forecast 2016-2020 www.tradingeconomics.com

Mongolia Unemployment Rate  Forecast 2016-2020

Unemployment Rate in Mongolia is expected to be 8.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in Mongolia to stand at 8.90 in 12 months time. In the long-term, the Mongolia Unemployment Rate is projected to trend around 7.30 percent in 2020, according to our econometric models.

Mongolia Unemployment Rate
1Y5Y10YMAX
 





 

Forecast Actual Q3/17 Q4/17 Q1/18 Q2/18 2020 Unit
Unemployment Rate 9.1 8.9 9.3 8.8 8.9 7.3 percent
Mongolia Unemployment Rate Forecasts are projected using an autoregressive integrated moving average (ARIMA) model calibrated using our analysts expectations. We model the past behaviour of Mongolia Unemployment Rate using vast amounts of historical data and we adjust the coefficients of the econometric model by taking into account our analysts assessments and future expectations. The forecast for - Mongolia Unemployment Rate - was last predicted on Thursday, July 27, 2017. 



 

Mongolia Labour Last Q3/17 Q4/17 Q1/18 Q2/18 2020
Unemployment Rate 9.1 8.9 9.3 8.8 8.9 7.3
Unemployed Persons 115300 113502 109972 113172 114766 112799
Labor Force Participation Rate 59.5 60.57 60.26 59.93 60.06 60.16
Population 3.12 3.15 3.15 3.17 3.18 3.3
Retirement Age Men 60 60 60 60 60 60
Retirement Age Women 60 60 60 60 60 60
Employed Persons 1147000 1162238 1159950 1167689 1176674 1229386
Employment Rate 54 55.25 55.06 54.3 54.38 54.79
Wages 959 983 1012 1007 1027 1052
Wages In Manufacturing 1014 1082 1105 1129 1160 1414
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