Mongolia | Industry (including construction), value added per worker (constant 2015 US$)

Value added per worker is a measure of labor productivity—value added per unit of input. Value added denotes the net output of a sector after adding up all outputs and subtracting intermediate inputs. Data are in constant 2015 U.S. dollars. Industry corresponds to the International Standard Industrial Classification (ISIC) tabulation categories C-F (revision 3) or tabulation categories B-F (revision 4), and includes mining and quarrying (including oil production), manufacturing, construction, and public utilities (electricity, gas, and water). 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. Please also see GDP per person employed (constant 2011 PPP $) [SL.GDP.PCAP.EM.KD], which is a key measure for monitoring the Sustainable Development Goal 8 of promoting sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all. Limitations and exceptions: For comparability of individual sectors labor productivity is estimated according to national accounts conventions. However, there are still significant limitations on the availability of reliable data. Information on consistent series of output is not easily available, especially in low- and middle-income countries, because the definition, coverage, and methodology are not always consistent across countries. For more details, see Agriculture, forestry, and fishing, value added (constant 2015 US$) [NV.AGR.TOTL.KD], Industry (including construction), value added (constant 2015 US$) [NV.IND.TOTL.KD], and Services, value added (constant 2015 US$) [NV.SRV.TOTL.KD]. Statistical concept and methodology: Value added per worker is calculated by dividing value added of a sector by the number employed in the sector. Gross domestic product (GDP) represents the sum of value added by all producers. Value added is the value of the gross output of producers less the value of intermediate goods and services consumed in production, before accounting for consumption of fixed capital in production. The United Nations System of National Accounts calls for value added to be valued at either basic prices (excluding net taxes on products) or producer prices (including net taxes on products paid by producers but excluding sales or value added taxes). Both valuations exclude transport charges that are invoiced separately by producers. Value added by industry is normally measured at basic prices, while total GDP is measured at purchaser prices. Data on employment are modeled estimates by the International Labour Organization (ILO) ILOSTAT database. The concept of employment generally refers to people above a certain age who worked, or who held a job, during a reference period. Employment data include both full-time and part-time workers.
Publisher
The World Bank
Origin
Mongolia
Records
63
Source
Mongolia | Industry (including construction), value added per worker (constant 2015 US$)
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 7450.17596446
1992 7059.74957641
1993 6705.74526931
1994 6837.38237921
1995 8064.86211601
1996 7923.43731443
1997 8118.32647142
1998 8624.22631623
1999 8658.90645027
2000 9395.5391955
2001 10695.13914865
2002 10294.01556913
2003 12946.67470408
2004 10798.09250142
2005 10565.41155145
2006 10658.00655978
2007 14184.29029512
2008 12177.44596613
2009 12157.67491696
2010 11566.72495681
2011 11192.50851153
2012 12101.15278276
2013 12114.74118328
2014 13252.07459203
2015 14678.67412014
2016 16118.78252542
2017 15548.80472515
2018 15149.49762748
2019 14156.52378412
2020
2021
2022

Mongolia | Industry (including construction), value added per worker (constant 2015 US$)

Value added per worker is a measure of labor productivity—value added per unit of input. Value added denotes the net output of a sector after adding up all outputs and subtracting intermediate inputs. Data are in constant 2015 U.S. dollars. Industry corresponds to the International Standard Industrial Classification (ISIC) tabulation categories C-F (revision 3) or tabulation categories B-F (revision 4), and includes mining and quarrying (including oil production), manufacturing, construction, and public utilities (electricity, gas, and water). 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. Please also see GDP per person employed (constant 2011 PPP $) [SL.GDP.PCAP.EM.KD], which is a key measure for monitoring the Sustainable Development Goal 8 of promoting sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all. Limitations and exceptions: For comparability of individual sectors labor productivity is estimated according to national accounts conventions. However, there are still significant limitations on the availability of reliable data. Information on consistent series of output is not easily available, especially in low- and middle-income countries, because the definition, coverage, and methodology are not always consistent across countries. For more details, see Agriculture, forestry, and fishing, value added (constant 2015 US$) [NV.AGR.TOTL.KD], Industry (including construction), value added (constant 2015 US$) [NV.IND.TOTL.KD], and Services, value added (constant 2015 US$) [NV.SRV.TOTL.KD]. Statistical concept and methodology: Value added per worker is calculated by dividing value added of a sector by the number employed in the sector. Gross domestic product (GDP) represents the sum of value added by all producers. Value added is the value of the gross output of producers less the value of intermediate goods and services consumed in production, before accounting for consumption of fixed capital in production. The United Nations System of National Accounts calls for value added to be valued at either basic prices (excluding net taxes on products) or producer prices (including net taxes on products paid by producers but excluding sales or value added taxes). Both valuations exclude transport charges that are invoiced separately by producers. Value added by industry is normally measured at basic prices, while total GDP is measured at purchaser prices. Data on employment are modeled estimates by the International Labour Organization (ILO) ILOSTAT database. The concept of employment generally refers to people above a certain age who worked, or who held a job, during a reference period. Employment data include both full-time and part-time workers.
Publisher
The World Bank
Origin
Mongolia
Records
63
Source