Key Facts: Albania vs Venezuela Wages
- Albania Minimum Wage
- L287/hr ($3.51 USD)
- Venezuela Minimum Wage
- Bs.D0.68/hr ($0.02 USD)
- Albania Avg. Gross Monthly Salary
- L83,000 /mo ($1,015.04 USD)
- Venezuela Avg. Gross Monthly Salary
- Bs.D500 /mo ($13.70 USD)
- Data Sources
- Ministry of Finance and Economy / Council of Ministers of Albania (2026-02-25), Venezuelan Ministry of Labour (MINPPTRASS) / Decreto 4.653/2022 / Cendas-FVM. Confirmed: legal salario mínimo has been UNCHANGED at VES 130 since March 2022 (over 4 years frozen amid hyperinflation). Effective real income for workers is dominated by the 'ingreso integral' (bono de guerra económica + CESTATICKET food bonus), increased to USD 240/month effective 1 May 2026. (2026-05-04)
Albania 
Venezuela
Updated 2026-05-04
The minimum wage in Albania is roughly 188 times higher than in Venezuela in USD terms, reflecting the gap between a upper-middle-income and a upper-middle-income economy. Average gross salaries diverge further: $1,015/mo in Albania versus $14/mo in Venezuela, a 74.1:1 ratio. Venezuela has the tighter labor market, with unemployment at 5.3% compared to 10.9%.
Albania's unemployment rate is 10.9% compared to Venezuela's 5.3%.
Detailed Comparison
| Metric | Albania | Venezuela |
|---|---|---|
| Minimum wage /hr | L287 $3.51 | Bs.D0.68 $0.02 |
| Minimum wage /day | — | Bs.D5.42 $0.15 |
| Minimum wage /mo | L50,000 $611.47 | Bs.D130 $3.56 |
| Minimum wage /yr | L600,000 $7,337.65 | — |
| Avg. gross salary /mo | L83,000 /mo $1,015.04 | Bs.D500 /mo $13.70 |
| Avg. net salary /mo | L66,000 /mo $807.14 | N/A/mo |
| Median individual income /yr | L480,000 /yr $5,870.12 | N/A/yr |
Percentage differences are based on USD equivalent values. Positive means Albania is higher.
Work Week
- Albania
-
40 hrs/wk standard
Max 48 hrs/wk
Overtime : 1.25x pay
Labour Code sets standard workweek at 40 hours (8 hrs/day, 5 days). Overtime premium minimum 25% above standard rate. Weekend/holiday work premium minimum 50%. Maximum 200 hours overtime per year. Cannot exceed 48 hours in any single week except exceptional circumstances.
- Venezuela
-
40 hrs/wk standard
Max 44 hrs/wk
Overtime : 1.5x pay
Organic Labour Law (LOTTT) of 2012 sets the standard workweek at 40 hours (8 hours/day, 5 days). Certain sectors may work up to 44 hours/week. Overtime is limited to 100 hours/year and paid at a premium of at least 50%. Night work (7pm–5am) carries a 30% premium. Workers are entitled to 2 years advance notice before termination — the LOTTT provides extremely strong job security provisions. Saturday is often worked in practice in commerce/industry.
• WAGE TRAJECTORY (USD/hr)
What This Means for Workers
A minimum wage worker moving from Venezuela to Albania would see a 18740% increase in USD-equivalent hourly earnings.
See this comparison from Venezuela's perspective: Venezuela vs Albania
Compare Albania with...
Albania vs United States $ 7.25 /hr 
Albania vs China ¥ 25 /hr 
Albania vs Germany € 13.9 /hr 
Albania vs United Kingdom £ 12.71 /hr 
Albania vs India ₹ 4,576 /mo 
Albania vs Japan ¥ 1,121 /hr 
Albania vs France € 12.02 /hr 
Albania vs South Korea ₩ 10,320 /hr 
Albania vs Canada C$ 18.1 /hr 
Albania vs Australia A$ 24.95 /hr 
Albania vs Brazil R$ 7.37 /hr 
Albania vs Russia ₽ 156.31 /hr 
Albania vs Mexico MX$ 9,583.52 /mo 
Albania vs Indonesia Rp 33,058 /hr 
Albania vs Netherlands € 14.71 /hr 
Albania vs Saudi Arabia ﷼ 23.08 /hr 
Albania vs Turkey ₺ 164.94 /hr 
Albania vs Taiwan NT$ 190 /hr 
Albania vs Switzerland 
Albania vs Poland zł 31.4 /hr 
Albania vs Thailand ฿ 10,400 /mo 
Albania vs Sweden 
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Albania vs Singapore Frequently Asked Questions
Is the minimum wage higher in Albania or Venezuela?
In Albania, the minimum wage is L287/hr ($3.51 USD). In Venezuela, it is Bs.D0.68/hr ($0.02 USD). Albania has the higher rate by 18740% in USD terms. That nominal gap does not account for local prices; see the purchasing power comparison below for a cost-of-living-adjusted view. Workers in Venezuela may retain a larger share of their earnings if prices there are lower.
How much more does the average worker earn in Albania compared to Venezuela?
The average gross salary in Albania is L83,000/mo ($1,015.04 USD), compared to Bs.D500/mo ($13.70 USD) in Venezuela. In USD terms, workers in Albania earn approximately 7310% more. Average salaries reflect the full labor market, not just the minimum wage floor. The gap between Albania and Venezuela is shaped by differences in industry composition, labor productivity, and the overall cost of living in each country. Workers in Albania earn more in nominal terms, though how far that income stretches depends on local prices in Venezuela.
How do work hours compare between Albania and Venezuela?
Both Albania and Venezuela mandate a similar standard work week of 40 hours. When work hours are equal, the country with the higher minimum wage delivers proportionally higher weekly earnings. Standard work week rules set the baseline; actual hours worked often differ based on industry norms and individual employment contracts.