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)
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 |
