Compensation of employees (current LCU) in Mongolia
Mongolia: Compensation of employees (current LCU) was 6.27 trillion current LCU in 2024. ◆ Volatile
Compensation of employees in Mongolia, 1992–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
In 2024, compensation of employees in Mongolia stood at 6.27 trillion current LCU. That is the highest value across all 31 years on record.
Compared with earlier readings it is up 39.3% on the previous year and up 559.5% over ten years.
Over the whole period, compensation of employees in Mongolia peaked at 6.27 trillion current LCU in 2024 and was at its lowest, 729.00 million current LCU, in 1992.
Mongolia ranks 16th of 156 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Compensation of employees (current LCU) in Mongolia, year by year
| Year | current LCU | Change |
|---|---|---|
| 1992 | 729.00 million current LCU | — |
| 1993 | 2.70 billion current LCU | +270.2% |
| 1994 | 5.92 billion current LCU | +119.2% |
| 1995 | 9.26 billion current LCU | +56.6% |
| 1996 | 12.62 billion current LCU | +36.2% |
| 1997 | 15.74 billion current LCU | +24.7% |
| 1998 | 20.24 billion current LCU | +28.6% |
| 1999 | 25.69 billion current LCU | +26.9% |
| 2000 | 34.75 billion current LCU | +35.3% |
| 2001 | 35.47 billion current LCU | +2.1% |
| 2002 | 47.81 billion current LCU | +34.8% |
| 2003 | 132.91 billion current LCU | +178.0% |
| 2006 | 228.00 billion current LCU | +71.5% |
| 2007 | 275.94 billion current LCU | +21.0% |
| 2008 | 544.95 billion current LCU | +97.5% |
| 2009 | 579.56 billion current LCU | +6.4% |
| 2010 | 652.70 billion current LCU | +12.6% |
| 2011 | 801.58 billion current LCU | +22.8% |
| 2012 | 1.20 trillion current LCU | +49.4% |
| 2013 | 831.38 billion current LCU | -30.6% |
| 2014 | 950.07 billion current LCU | +14.3% |
| 2015 | 1.04 trillion current LCU | +9.3% |
| 2016 | 1.06 trillion current LCU | +1.9% |
| 2017 | 1.20 trillion current LCU | +13.5% |
| 2018 | 1.25 trillion current LCU | +3.7% |
| 2019 | 1.50 trillion current LCU | +20.6% |
| 2020 | 1.75 trillion current LCU | +16.6% |
| 2021 | 1.36 trillion current LCU | -22.0% |
| 2022 | 3.31 trillion current LCU | +142.6% |
| 2023 | 4.50 trillion current LCU | +35.8% |
| 2024 | 6.27 trillion current LCU | +39.3% |
Mongolia compared with similar countries
- Mongolia's 6.27 trillion current LCU is above the median for upper middle income countries, which is 95.94 billion current LCU, 65.3× the median. (47 countries reporting)
- Mongolia's 6.27 trillion current LCU is above the median for East Asia & Pacific, which is 23.59 billion current LCU, 265.6× the median. (25 countries reporting)
Biggest year-on-year movements
Years where Compensation of employees (current LCU) in Mongolia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1993 | +270.2% | 729.00 million current LCU | 2.70 billion current LCU |
| 2003 | +178.0% | 47.81 billion current LCU | 132.91 billion current LCU |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 11.61 billion current LCU | 729.00 million current LCU | 25.69 billion current LCU | 8 |
| 2000s | 234.93 billion current LCU | 34.75 billion current LCU | 579.56 billion current LCU | 8 |
| 2010s | 1.05 trillion current LCU | 652.70 billion current LCU | 1.50 trillion current LCU | 10 |
| 2020s | 3.44 trillion current LCU | 1.36 trillion current LCU | 6.27 trillion current LCU | 5 |
Countries ranked near Mongolia
More public sector data for Mongolia
- Democracy, annual growth rate 0 % change on previous year (2025)
- Chief executive of the government is elected, annual growth rate 0 % change on previous year (2025)
- Elected parliament, annual growth rate 0 % change on previous year (2025)
- Men's universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote in practice, annual growth rate 0 % change on previous year (2025)
- Arms imports 3.00 million SIPRI trend indicator values (2022)
- Arms imports (SIPRI trend indicator values), per capita 0.8737 SIPRI trend indicator values per person (2022)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0002 SIPRI trend indicator values per US$ of GDP (2022)
- Arms imports (SIPRI trend indicator values), annual growth rate -88 % change on previous year (2022)
Frequently asked questions
- What is compensation of employees in Mongolia?
- Compensation of employees in Mongolia was 6.27 trillion current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest compensation of employees recorded in Mongolia?
- The highest recorded value was 6.27 trillion current LCU in 2024.
- What is the lowest compensation of employees recorded in Mongolia?
- The lowest recorded value was 729.00 million current LCU in 1992.
- How does Mongolia rank for compensation of employees?
- Mongolia ranks 16th out of 156 countries with data for 2024.
- Is compensation of employees rising or falling in Mongolia?
- Over the last ten years it is up 559.5%. The long-run trend across the full record is volatile.
- Where does this Mongolia data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Compensation of employees (current LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 31 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Compensation of employees is defined as the total remuneration, in cash or in kind, payable by an enterprise to an employee in return for work done by the latter during the accounting period. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.