Key Facts: Australia vs Venezuela Wages
- Australia Minimum Wage
- A$24.95/hr ($17.90 USD)
- Venezuela Minimum Wage
- Bs.D0.68/hr ($0.02 USD)
- Australia Avg. Gross Monthly Salary
- A$7,833 /mo ($5,619.08 USD)
- Venezuela Avg. Gross Monthly Salary
- Bs.D500 /mo ($13.70 USD)
- Data Sources
- Fair Work Commission / Fair Work Ombudsman (2026-05-27), 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)
Australia 
Venezuela
Updated 2026-05-27
The minimum wage in Australia is roughly 961 times higher than in Venezuela in USD terms, reflecting the gap between a high-income and a upper-middle-income economy. Average gross salaries diverge further: $5,619/mo in Australia versus $14/mo in Venezuela, a 410.2:1 ratio.
Australia's unemployment rate is 4.1% compared to Venezuela's 5.3%.
Detailed Comparison
| Metric | Australia | Venezuela |
|---|---|---|
| Minimum wage /hr | A$24.95 $17.90 | Bs.D0.68 $0.02 |
| Minimum wage /day | — | Bs.D5.42 $0.15 |
| Minimum wage /mo | A$4,108 $2,946.92 | Bs.D130 $3.56 |
| Minimum wage /yr | A$49,296 $35,362.98 | — |
| Avg. gross salary /mo | A$7,833 /mo $5,619.08 | Bs.D500 /mo $13.70 |
| Avg. net salary /mo | A$5,875 /mo $4,214.49 | N/A/mo |
| Median individual income /yr | A$67,600 /yr $48,493.54 | N/A/yr |
Percentage differences are based on USD equivalent values. Positive means Australia is higher.
Work Week
- Australia
-
38 hrs/wk standard
Max 38 hrs/wk
Overtime : 1.5x pay
Standard full-time workweek is 38 hours. Employers can request reasonable additional hours. Overtime and penalty rates vary by Modern Award.
- 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 Australia would see a 95971% increase in USD-equivalent hourly earnings. Standard work weeks differ: Australia mandates 38 hours while Venezuela mandates 40 hours. A minimum wage worker's weekly earnings in Australia are $680 vs $1 in Venezuela.
See this comparison from Venezuela's perspective: Venezuela vs Australia
Compare Australia with...
Australia vs United States $ 7.25 /hr 
Australia vs China ¥ 25 /hr 
Australia vs Germany € 13.9 /hr 
Australia vs United Kingdom £ 12.71 /hr 
Australia vs India ₹ 4,576 /mo 
Australia vs Japan ¥ 1,121 /hr 
Australia vs France € 12.02 /hr 
Australia vs South Korea ₩ 10,320 /hr 
Australia vs Canada C$ 18.1 /hr 
Australia vs Brazil R$ 7.37 /hr 
Australia vs Russia ₽ 156.31 /hr 
Australia vs Mexico MX$ 9,583.52 /mo 
Australia vs Indonesia Rp 33,058 /hr 
Australia vs Netherlands € 14.71 /hr 
Australia vs Saudi Arabia ﷼ 23.08 /hr 
Australia vs Turkey ₺ 164.94 /hr 
Australia vs Taiwan NT$ 190 /hr 
Australia vs Switzerland 
Australia vs Poland zł 31.4 /hr 
Australia vs Thailand ฿ 10,400 /mo 
Australia vs Sweden 
Australia vs Argentina ARS 1,762 /hr 
Australia vs Singapore 
Australia vs Norway Frequently Asked Questions
Is the minimum wage higher in Australia or Venezuela?
In Australia, the minimum wage is A$24.95/hr ($17.90 USD). In Venezuela, it is Bs.D0.68/hr ($0.02 USD). Australia has the higher rate by 95971% 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 Australia compared to Venezuela?
The average gross salary in Australia is A$7,833/mo ($5,619.08 USD), compared to Bs.D500/mo ($13.70 USD) in Venezuela. In USD terms, workers in Australia earn approximately 40919% more. Average salaries reflect the full labor market, not just the minimum wage floor. The gap between Australia and Venezuela is shaped by differences in industry composition, labor productivity, and the overall cost of living in each country. Workers in Australia earn more in nominal terms, though how far that income stretches depends on local prices in Venezuela.
How do work hours compare between Australia and Venezuela?
Venezuela has a longer standard work week at 40 hours, compared to 38 hours in Australia. Workers in Australia work 38 hours per week by law. Longer mandatory hours can offset a nominally higher wage; a worker in Australia working fewer hours may have comparable or better effective hourly earnings depending on the wage levels of each country. Total annual compensation depends on both the wage rate and the number of hours required.