Average Salary reaches MNT 850,000 - News.MN

Average Salary reaches MNT 850,000

Old News! Published on: 2015.06.12

Average Salary reaches MNT 850,000

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The National Statistics Commission has provided information on social economic indicators. In particular salary information was provided.  The average salary according to categories is:

By sex: Male- MNT 920,000 Female- MNT 780,000

By fields:

  • Mining- MNT 1,700,000
  • Manager-MNT 1,600,000
  • Hotel restaurant, apartments, and industry- MNT 700,000
  • Forest, Aqua-Culture- MNT 400,000

Comparison to the minimum salary:

  • MNT 500,000-700,000 salary- 21%
  • MNT 300,000-500,000 salary – 18.4%
  • MNT 192,000-300,000 salary -10.7%
  • MNT 1,500,000-1,600,000 salary- 9%
  • Lower than the minimum salary -5.3%

Also, the export amount fell by 2.7%; and import amount 31%. Therefore, the benefit of the foreign commerce balance is USD 422 million. Statistic proved that transportation by the rail and air has fallen because of the economic crisis. (Railway transportation reduced 5.6%; passengers 15%). (Airway transportation reduced 22.7%; passengers 14%).

During the first 5 months of 2015, the amount of unqualified credits reached MNT 738 billion. This means it has increased 19% more than last year. The amount of the over-run credit debts reached to MNT 600 billion; more than 57% than last year.

The National Statistics Commission informed that meat price has remained constant over the last 2 months. The price of food products and drinks has increased 0.8%, clothes 0.5% on last month. Depending on these small changes, the rate of inflation has increased 0.4% on last month and 8% on last year.

 

 

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