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Venezuela Wages: Minimum and Average

Venezuela Wages Data

Indicator Data Period
Minimum Wages 12600000 VEF/Month | 12600000 USD/Month Mar/22


Latest data on Minimum Wages (VEF/Month)

Minimum Wages
                     Venezuela - Historical Data (VEF/Month)

What is minimum wage in Venezuela?

  • Minimum Wages in Venezuela increased to 12600000 VEF/Month (12600000 USD/Month) in March 2022. The maximum rate of minimum wage for employees was 5196000 VEF/Month and minimum was 4 VEF/Month.
  • Data published Monthly by Central Bank.

Historical Data (VEF/Month) by years

Data
Period
Date
12600000 Mar/22 20.04.2022
7000000 May/21 24.02.2022
400000 May/20 04.08.2020
250000 Jan/20 03.02.2020
150000 Oct/19 26.11.2019
4000000000 Apr/19 16.05.2019
1800000000 Jan/19 16.01.2019
450000000 Dec/18 11.12.2018


Historical Chart by presidents (VEF/Month)

Minimum Wages in Venezuela by presidents

Name Period Start Data End Data Max Value Min Value CHG% Start/End
Nicolás Maduro 05.03.2013 - 3634.0200 5196000.0000 5196000.0000 3634.0200 142882.15%
Hugo Chávez 02.02.1999 - 05.03.2013 144.0000 3037.5200 3037.5200 144.0000 2009.39%
Rafael Caldera 02.02.1994 - 02.02.1999 15.0000 120.0000 120.0000 15.0000 700.00%
Carlos Pérez 02.02.1989 - 02.02.1993 6.0000 15.0000 15.0000 6.0000 150.00%

Other labor indicators in Venezuela

Index Updated Actual Previous
Unemployment Rate Dec/18 6.4 % 7.3

Minimum Wages in other countries

Country Updated Actual Previous
Brazil Jan/23 254.483 USD/Month 236.892
Chile 2023 507.692 USD/Month 495.309
Paraguay Dec/22 345.074 USD/Month 345.074
Argentina Mar/23 372.499 USD/Month 363.082
Canada 2022 1852.128 USD/Month 1792.382
Ecuador 2023 450 USD/Month 425
Mexico Jan/23 231.668 USD/Month 193.617
Peru Nov/22 266.844 USD/Month 266.844
United States 2022 1160 USD/Month 1160
Venezuela Mar/22 12600000 USD/Month 7000000
Cape Verde 2023 127.545 USD/Month 127.545