Labor Force Participation Rate in Mongolia averaged 61.53 percent from 2006 until 2021, reaching an all time high of 64.80 percent in the third quarter of 2006 and a record low of 59 percent in the first quarter of 2020. This page provides - Mongolia Labor Force Participation Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news. Mongolia Labor Force Participation Rate - values, historical data and charts - was last updated on March of 2021.
Labor Force Participation Rate in Mongolia is expected to be 62.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Labor Force Participation Rate in Mongolia to stand at 62.50 in 12 months time. In the long-term, the Mongolia Labor Force Participation Rate is projected to trend around 62.50 percent in 2022, according to our econometric models.