Ulaanbaatar
Median wage reaches MNT1068.1 thousand
Economy
Ulaanbaatar/MONTSAME/. The average wages and salaries is calculated from the report
of the General Authority for Social Insurance. According to this report, 719.3
thousand employees were working in 46.3 thousand enterprises in the fourth
quarter of 2021.
The number of enterprises increased by 1.9 thousand (4.3
percent) from the same period of the previous year and increased by 315 (0.7
percent) enterprises from the previous quarter. The number of employees
increased by 27.7 thousand (4.0 percent) from the same period of the previous
year and by 6.8 thousand (1.0 percent) from the previous quarter.
In the fourth quarter of 2021, the median wage was MNT
1068.1 thousand among 719.3 thousand persons have paid social insurance. The
median wage increased by MNT 75.1 thousand or 7.6 percent from the previous
quarter. The monthly average wages and
salaries per employee was MNT 1.4 million, increased by MNT 110.0 thousand or
8.3 percent from the same period of the previous year and increased by MNT
103.1 thousand or 7.7 percent from the previous quarter.
In terms of gender, the average salary in the fourth quarter
of 2021 was MNT 1.5 million for men and MNT 1.3 million for women.
In terms of industrial classification of all economic
activities, the monthly average wages and salaries of employees working in the
mining and quarrying sector was the highest at MNT 3.2 million, whereas monthly
average wages and salaries of employees working in the accommodation and food
service activities was the lowest at MNT 967.9 thousand.
Compared to the 2015, the monthly nominal average wages and salaries increased by 65.6 percent, while the monthly real average wage and salary increased by 16.9 percent in the fourth quarter of 2021.
Source: National Statistics Office
