Key Facts: Bangladesh vs Venezuela Wages
- Bangladesh Minimum Wage
- ৳12,500/mo ($103.73 USD)
- Venezuela Minimum Wage
- Bs.D0.68/hr ($0.02 USD)
- Bangladesh Avg. Gross Monthly Salary
- ৳18,000 /mo ($149.38 USD)
- Venezuela Avg. Gross Monthly Salary
- Bs.D500 /mo ($13.70 USD)
- Data Sources
- Ministry of Labour and Employment / Minimum Wage Board; sectoral structure cross-referenced via Wikipedia List of countries by minimum wage (2026-05-04), 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)
Bangladesh 
Venezuela
Updated 2026-05-04
The minimum wage in Bangladesh is roughly 5568 times higher than in Venezuela in USD terms, reflecting the gap between a lower-middle-income and a upper-middle-income economy. Average gross salaries diverge further: $149/mo in Bangladesh versus $14/mo in Venezuela, a 10.9:1 ratio.
Bangladesh's unemployment rate is 3.8% compared to Venezuela's 5.3%.
Detailed Comparison
| Metric | Bangladesh | Venezuela |
|---|---|---|
| Minimum wage /hr | — | Bs.D0.68 $0.02 |
| Minimum wage /day | — | Bs.D5.42 $0.15 |
| Minimum wage /mo | ৳12,500 $103.73 | Bs.D130 $3.56 |
| Avg. gross salary /mo | ৳18,000 /mo $149.38 | Bs.D500 /mo $13.70 |
| Avg. net salary /mo | ৳17,000 /mo $141.08 | N/A/mo |
| Median individual income /yr | ৳108,000 /yr $896.27 | N/A/yr |
Percentage differences are based on USD equivalent values. Positive means Bangladesh is higher.
Work Week
- Bangladesh
-
48 hrs/wk standard
Max 60 hrs/wk
Overtime : 2x pay
Bangladesh Labour Act sets standard at 48 hours/week (8 hrs/day, 6 days). Maximum with overtime is 60 hours/week. Overtime paid at double the basic wage. Factories must provide one day off per 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.
What This Means for Workers
A minimum wage worker moving from Venezuela to Bangladesh would see a 556710% increase in USD-equivalent hourly earnings. Standard work weeks differ: Bangladesh mandates 48 hours while Venezuela mandates 40 hours. A minimum wage worker's weekly earnings in Bangladesh are $4,979 vs $1 in Venezuela.
See this comparison from Venezuela's perspective: Venezuela vs Bangladesh
Compare Bangladesh with...
Bangladesh vs United States $ 7.25 /hr 
Bangladesh vs China ¥ 25 /hr 
Bangladesh vs Germany € 13.9 /hr 
Bangladesh vs United Kingdom £ 12.71 /hr 
Bangladesh vs India ₹ 4,576 /mo 
Bangladesh vs Japan ¥ 1,121 /hr 
Bangladesh vs France € 12.02 /hr 
Bangladesh vs South Korea ₩ 10,320 /hr 
Bangladesh vs Canada C$ 18.1 /hr 
Bangladesh vs Australia A$ 24.95 /hr 
Bangladesh vs Brazil R$ 7.37 /hr 
Bangladesh vs Russia ₽ 156.31 /hr 
Bangladesh vs Mexico MX$ 9,583.52 /mo 
Bangladesh vs Indonesia Rp 33,058 /hr 
Bangladesh vs Netherlands € 14.71 /hr 
Bangladesh vs Saudi Arabia ﷼ 23.08 /hr 
Bangladesh vs Turkey ₺ 164.94 /hr 
Bangladesh vs Taiwan NT$ 190 /hr 
Bangladesh vs Switzerland 
Bangladesh vs Poland zł 31.4 /hr 
Bangladesh vs Thailand ฿ 10,400 /mo 
Bangladesh vs Sweden 
Bangladesh vs Argentina ARS 1,762 /hr 
Bangladesh vs Singapore Frequently Asked Questions
Is the minimum wage higher in Bangladesh or Venezuela?
In Bangladesh, the minimum wage is ৳12,500/mo ($103.73 USD). In Venezuela, it is Bs.D0.68/hr ($0.02 USD). Bangladesh has the higher rate by 556710% 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 Bangladesh compared to Venezuela?
The average gross salary in Bangladesh is ৳18,000/mo ($149.38 USD), compared to Bs.D500/mo ($13.70 USD) in Venezuela. In USD terms, workers in Bangladesh earn approximately 990% more. Average salaries reflect the full labor market, not just the minimum wage floor. The gap between Bangladesh and Venezuela is shaped by differences in industry composition, labor productivity, and the overall cost of living in each country. Workers in Bangladesh earn more in nominal terms, though how far that income stretches depends on local prices in Venezuela.
How do work hours compare between Bangladesh and Venezuela?
Bangladesh has a longer standard work week at 48 hours, compared to 40 hours in Venezuela. Workers in Bangladesh work 48 hours per week by law. Longer mandatory hours can offset a nominally higher wage; a worker in Venezuela 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.