In 2016, the national minimum wage in Mongolia remained fixed at €88 per month, that is 1,056 euros per year, taking into account 12 payments per year.
If we look at the minimum salary in Tugrik, which is the official currency in Mongolia, we can see that, this year, it was 192,000 Tugrik and accordingly, the national minimum wage has remained stable, while the CPI of 2015 which was 1.9%, so workers have lost purchasing power in the last year.
If we look at the ranking of the national minimum wage that we publish, Mongolia is in 89 nd place, so it is among the countries with the lowest minimum salary of the 114 of the list.
The National Minimum Wage (NMW) of a country is the minimum amount (lowest salary) per hour, per day, or per month that employers may legally pay to workers.
In the table that follows we show you the progression of the National Minimum Wage Mongolia. You can see NMW in other countries in National Minimum Wage 2016 and see all the information about this country in Mongolia economy.