Austria Venezuela

Updated 2026-05-04

Austria

No statutory minimum wage

Avg. Gross Salary

€3,800 /mo

Venezuela

Minimum Wage

Bs.D0.68 /hr

$0.02 USD

Avg. Gross Salary

Bs.D500 /mo

Avg. salary: +32205% Austria vs Venezuela

Austria has no statutory minimum wage, while Venezuela sets a floor of $0/hr. Average gross salaries diverge further: $4,425/mo in Austria versus $14/mo in Venezuela, a 323.0:1 ratio.

Austria's unemployment rate is 5.6% compared to Venezuela's 5.3%.

Detailed Comparison

Detailed wage comparison between Austria and Venezuela
Metric	Austria	Venezuela	Diff
Minimum wage /hr	None	Bs.D0.68 $0.02	—
Minimum wage /day	None	Bs.D5.42 $0.15	—
Minimum wage /mo	None	Bs.D130 $3.56	—
Avg. gross salary /mo	€3,800 /mo $4,425.29	Bs.D500 /mo $13.70	+32204.6%
Avg. net salary /mo	€2,500 /mo $2,911.38	N/A/mo	—
Median individual income /yr	€33,500 /yr $39,012.46	N/A/yr	—

Percentage differences are based on USD equivalent values. Positive means Austria is higher.

Work Week

Austria: 40 hrs/wk standard

Max 48 hrs/wk

Overtime : 1.5x pay

Standard workweek is 40 hours (Arbeitszeitgesetz). Daily maximum is 8 hours (normal) or 10 hours (with overtime). Since 2018, daily working time can be extended to 12 hours and weekly to 60 hours in exceptional cases with compensatory rest. Overtime is compensated at 150% or with time off in lieu (1:1.5). EU Working Time Directive limits average to 48 hrs/week.
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.

See this comparison from Venezuela's perspective: Venezuela vs Austria

Compare Austria with...

Austria vs United States $ 7.25 /hr

Austria vs China ¥ 25 /hr

Austria vs Germany € 13.9 /hr

Austria vs United Kingdom £ 12.71 /hr

Austria vs India ₹ 4,576 /mo

Austria vs Japan ¥ 1,121 /hr

Austria vs France € 12.02 /hr

Austria vs South Korea ₩ 10,320 /hr

Austria vs Canada C$ 18.1 /hr

Austria vs Australia A$ 24.95 /hr

Austria vs Brazil R$ 7.37 /hr

Austria vs Russia ₽ 156.31 /hr

Austria vs Mexico MX$ 9,583.52 /mo

Austria vs Indonesia Rp 33,058 /hr

Austria vs Netherlands € 14.71 /hr

Austria vs Saudi Arabia ﷼ 23.08 /hr

Austria vs Turkey ₺ 164.94 /hr

Austria vs Taiwan NT$ 190 /hr

Austria vs Switzerland

Austria vs Poland zł 31.4 /hr

Austria vs Thailand ฿ 10,400 /mo

Austria vs Sweden

Austria vs Argentina ARS 1,762 /hr

Austria vs Singapore

Frequently Asked Questions

Is the minimum wage higher in Austria or Venezuela?

In Austria, the minimum wage is no statutory minimum wage. In Venezuela, it is Bs.D0.68/hr ($0.02 USD).

How much more does the average worker earn in Austria compared to Venezuela?

The average gross salary in Austria is €3,800/mo ($4,425.29 USD), compared to Bs.D500/mo ($13.70 USD) in Venezuela. In USD terms, workers in Austria earn approximately 32205% more. Average salaries reflect the full labor market, not just the minimum wage floor. The gap between Austria and Venezuela is shaped by differences in industry composition, labor productivity, and the overall cost of living in each country. Workers in Austria earn more in nominal terms, though how far that income stretches depends on local prices in Venezuela.

How do work hours compare between Austria and Venezuela?

Both Austria 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.