Key Facts: Armenia vs Venezuela Wages
- Armenia Minimum Wage
- ֏431/hr ($1.14 USD)
- Venezuela Minimum Wage
- Bs.D0.68/hr ($0.02 USD)
- Armenia Avg. Gross Monthly Salary
- ֏303,000 /mo ($802.97 USD)
- Venezuela Avg. Gross Monthly Salary
- Bs.D500 /mo ($13.70 USD)
- Data Sources
- Ministry of Labour and Social Affairs of Armenia (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)
Armenia 
Venezuela
Updated 2026-05-04
The minimum wage in Armenia is roughly 61 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: $803/mo in Armenia versus $14/mo in Venezuela, a 58.6:1 ratio. Venezuela has the tighter labor market, with unemployment at 5.3% compared to 12.9%.
Armenia's unemployment rate is 12.9% compared to Venezuela's 5.3%.
Detailed Comparison
| Metric | Armenia | Venezuela |
|---|---|---|
| Minimum wage /hr | ֏431 $1.14 | Bs.D0.68 $0.02 |
| Minimum wage /day | — | Bs.D5.42 $0.15 |
| Minimum wage /mo | ֏75,000 $198.75 | Bs.D130 $3.56 |
| Minimum wage /yr | ֏900,000 $2,385.05 | — |
| Avg. gross salary /mo | ֏303,000 /mo $802.97 | Bs.D500 /mo $13.70 |
| Avg. net salary /mo | ֏242,000 /mo $641.31 | N/A/mo |
| Median individual income /yr | ֏1,800,000 /yr $4,770.11 | N/A/yr |
Percentage differences are based on USD equivalent values. Positive means Armenia is higher.
Work Week
- Armenia
-
40 hrs/wk standard
Max 48 hrs/wk
Overtime : 1.5x pay
Labour Code sets standard workweek at 40 hours. Maximum daily working time is 8 hours. Overtime premium at least 50% above regular rate. Night work (22:00-06:00) premium at least 30%. Maximum 4 hours overtime per day, 180 hours per year.
- 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 Armenia would see a 6031% increase in USD-equivalent hourly earnings.
See this comparison from Venezuela's perspective: Venezuela vs Armenia
Compare Armenia with...
Armenia vs United States $ 7.25 /hr 
Armenia vs China ¥ 25 /hr 
Armenia vs Germany € 13.9 /hr 
Armenia vs United Kingdom £ 12.71 /hr 
Armenia vs India ₹ 4,576 /mo 
Armenia vs Japan ¥ 1,121 /hr 
Armenia vs France € 12.02 /hr 
Armenia vs South Korea ₩ 10,320 /hr 
Armenia vs Canada C$ 18.1 /hr 
Armenia vs Australia A$ 24.95 /hr 
Armenia vs Brazil R$ 7.37 /hr 
Armenia vs Russia ₽ 156.31 /hr 
Armenia vs Mexico MX$ 9,583.52 /mo 
Armenia vs Indonesia Rp 33,058 /hr 
Armenia vs Netherlands € 14.71 /hr 
Armenia vs Saudi Arabia ﷼ 23.08 /hr 
Armenia vs Turkey ₺ 164.94 /hr 
Armenia vs Taiwan NT$ 190 /hr 
Armenia vs Switzerland 
Armenia vs Poland zł 31.4 /hr 
Armenia vs Thailand ฿ 10,400 /mo 
Armenia vs Sweden 
Armenia vs Argentina ARS 1,762 /hr 
Armenia vs Singapore Frequently Asked Questions
Is the minimum wage higher in Armenia or Venezuela?
In Armenia, the minimum wage is ֏431/hr ($1.14 USD). In Venezuela, it is Bs.D0.68/hr ($0.02 USD). Armenia has the higher rate by 6031% 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 Armenia compared to Venezuela?
The average gross salary in Armenia is ֏303,000/mo ($802.97 USD), compared to Bs.D500/mo ($13.70 USD) in Venezuela. In USD terms, workers in Armenia earn approximately 5762% more. Average salaries reflect the full labor market, not just the minimum wage floor. The gap between Armenia and Venezuela is shaped by differences in industry composition, labor productivity, and the overall cost of living in each country. Workers in Armenia earn more in nominal terms, though how far that income stretches depends on local prices in Venezuela.
How do work hours compare between Armenia and Venezuela?
Both Armenia 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.