Mongolia | GDP per person employed (constant 2017 PPP $)

GDP per person employed is gross domestic product (GDP) divided by total employment in the economy. Purchasing power parity (PPP) GDP is GDP converted to 2017 constant international dollars using PPP rates. An international dollar has the same purchasing power over GDP that a U.S. dollar has in the United States. Development relevance: Labor productivity is used to assess a country's economic ability to create and sustain decent employment opportunities with fair and equitable remuneration. Productivity increases obtained through investment, trade, technological progress, or changes in work organization can increase social protection and reduce poverty, which in turn reduce vulnerable employment and working poverty. Productivity increases do not guarantee these improvements, but without them - and the economic growth they bring - improvements are highly unlikely. GDP per person employed is a key measure to monitor whether a country is on track to achieve the Sustainable Development Goal of promoting sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all. [SDG Indicator 8.2.1] Limitations and exceptions: For comparability of individual sectors labor productivity is estimated according to national accounts conventions. However, there are still significant limitations on the availability of reliable data. Information on consistent series of output in both national currencies and purchasing power parity dollars is not easily available, especially in developing countries, because the definition, coverage, and methodology are not always consistent across countries. For example, countries employ different methodologies for estimating the missing values for the nonmarket service sectors and use different definitions of the informal sector. Statistical concept and methodology: GDP per person employed represents labor productivity—output per unit of labor input. To compare labor productivity levels across countries, GDP is converted to international dollars using purchasing power parity rates which take account of differences in relative prices between countries. Estimates are based on employment, population, GDP, and PPP data obtained from International Labour Organization, United Nations Population Division, Eurostat, OECD, and World Bank. The employment rates are part of the "ILO modeled estimates database," including nationally reported observations and imputed data for countries with missing data, primarily to capture regional and global trends with consistent country coverage. Country-reported microdata is based mainly on nationally representative labor force surveys, with other sources (e.g., household surveys and population censuses) considering differences in the data source, the scope of coverage, methodology, and other country-specific factors. Country analysis requires caution where limited nationally reported data are available. A series of models are also applied to impute missing observations and make projections. However, imputed observations are not based on national data, are subject to high uncertainty, and should not be used for country comparisons or rankings. For more information: https://ilostat.ilo.org/resources/concepts-and-definitions/ilo-modelled-estimates/
Publisher
The World Bank
Origin
Mongolia
Records
63
Source
Mongolia | GDP per person employed (constant 2017 PPP $)
year value
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970
1971
1972
1973
1974
1975
1976
1977
1978
1979
1980
1981
1982
1983
1984
1985
1986
1987
1988
1989
1990
1991 13412.20472368
1992 11798.29089441
1993 11110.61292339
1994 11086.2026857
1995 11563.96989672
1996 11605.59502319
1997 11838.98605126
1998 12011.20267792
1999 12138.32135019
2000 12004.93622184
2001 12072.93830298
2002 12368.69763611
2003 13045.36056939
2004 14097.41628515
2005 14824.19985784
2006 15789.23870002
2007 17123.63744009
2008 18539.39324894
2009 18091.25409395
2010 18848.98622907
2011 20941.86143991
2012 23144.3336993
2013 25770.30331838
2014 27279.00961079
2015 27667.40727116
2016 28932.23240818
2017 29471.22621621
2018 31089.21662721
2019 30665.41717048
2020 30259.8059487
2021 31906.87304509
2022 32803.13379603

Mongolia | GDP per person employed (constant 2017 PPP $)

GDP per person employed is gross domestic product (GDP) divided by total employment in the economy. Purchasing power parity (PPP) GDP is GDP converted to 2017 constant international dollars using PPP rates. An international dollar has the same purchasing power over GDP that a U.S. dollar has in the United States. Development relevance: Labor productivity is used to assess a country's economic ability to create and sustain decent employment opportunities with fair and equitable remuneration. Productivity increases obtained through investment, trade, technological progress, or changes in work organization can increase social protection and reduce poverty, which in turn reduce vulnerable employment and working poverty. Productivity increases do not guarantee these improvements, but without them - and the economic growth they bring - improvements are highly unlikely. GDP per person employed is a key measure to monitor whether a country is on track to achieve the Sustainable Development Goal of promoting sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all. [SDG Indicator 8.2.1] Limitations and exceptions: For comparability of individual sectors labor productivity is estimated according to national accounts conventions. However, there are still significant limitations on the availability of reliable data. Information on consistent series of output in both national currencies and purchasing power parity dollars is not easily available, especially in developing countries, because the definition, coverage, and methodology are not always consistent across countries. For example, countries employ different methodologies for estimating the missing values for the nonmarket service sectors and use different definitions of the informal sector. Statistical concept and methodology: GDP per person employed represents labor productivity—output per unit of labor input. To compare labor productivity levels across countries, GDP is converted to international dollars using purchasing power parity rates which take account of differences in relative prices between countries. Estimates are based on employment, population, GDP, and PPP data obtained from International Labour Organization, United Nations Population Division, Eurostat, OECD, and World Bank. The employment rates are part of the "ILO modeled estimates database," including nationally reported observations and imputed data for countries with missing data, primarily to capture regional and global trends with consistent country coverage. Country-reported microdata is based mainly on nationally representative labor force surveys, with other sources (e.g., household surveys and population censuses) considering differences in the data source, the scope of coverage, methodology, and other country-specific factors. Country analysis requires caution where limited nationally reported data are available. A series of models are also applied to impute missing observations and make projections. However, imputed observations are not based on national data, are subject to high uncertainty, and should not be used for country comparisons or rankings. For more information: https://ilostat.ilo.org/resources/concepts-and-definitions/ilo-modelled-estimates/
Publisher
The World Bank
Origin
Mongolia
Records
63
Source