Key Facts: Belize vs Venezuela Wages
- Belize Minimum Wage
- BZ$5/hr ($2.50 USD)
- Venezuela Minimum Wage
- Bs.D0.68/hr ($0.02 USD)
- Belize Avg. Gross Monthly Salary
- BZ$1,800 /mo ($900 USD)
- Venezuela Avg. Gross Monthly Salary
- Bs.D500 /mo ($13.70 USD)
- Data Sources
- Ministry of Labour, Local Government and Rural Development — Belize (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)
Belize 
Venezuela
Updated 2026-05-04
The minimum wage in Belize is roughly 134 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: $900/mo in Belize versus $14/mo in Venezuela, a 65.7:1 ratio. Venezuela has the tighter labor market, with unemployment at 5.3% compared to 8.9%.
Belize's unemployment rate is 8.9% compared to Venezuela's 5.3%.
Detailed Comparison
| Metric | Belize | Venezuela |
|---|---|---|
| Minimum wage /hr | BZ$5 $2.50 | Bs.D0.68 $0.02 |
| Minimum wage /day | — | Bs.D5.42 $0.15 |
| Minimum wage /mo | BZ$975 $487.50 | Bs.D130 $3.56 |
| Minimum wage /yr | BZ$11,700 $5,850 | — |
| Avg. gross salary /mo | BZ$1,800 /mo $900 | Bs.D500 /mo $13.70 |
| Avg. net salary /mo | BZ$1,530 /mo $765 | N/A/mo |
| Median individual income /yr | BZ$12,000 /yr $6,000 | N/A/yr |
Percentage differences are based on USD equivalent values. Positive means Belize is higher.
Work Week
- Belize
-
45 hrs/wk standard
Max 45 hrs/wk
Overtime : 1.5x pay
Standard workweek is 45 hours (9 hours/day, 5 days). All workers are entitled to at least 1 day of rest per week. Overtime is paid at 1.5x the regular rate for hours beyond 45/week. Work on Sundays and public holidays is typically paid at double the normal rate. Governed by the Labour Act.
- 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 Belize would see a 13319% increase in USD-equivalent hourly earnings. Standard work weeks differ: Belize mandates 45 hours while Venezuela mandates 40 hours. A minimum wage worker's weekly earnings in Belize are $113 vs $1 in Venezuela.
See this comparison from Venezuela's perspective: Venezuela vs Belize
Compare Belize with...
Belize vs United States $ 7.25 /hr 
Belize vs China ¥ 25 /hr 
Belize vs Germany € 13.9 /hr 
Belize vs United Kingdom £ 12.71 /hr 
Belize vs India ₹ 4,576 /mo 
Belize vs Japan ¥ 1,121 /hr 
Belize vs France € 12.02 /hr 
Belize vs South Korea ₩ 10,320 /hr 
Belize vs Canada C$ 18.1 /hr 
Belize vs Australia A$ 24.95 /hr 
Belize vs Brazil R$ 7.37 /hr 
Belize vs Russia ₽ 156.31 /hr 
Belize vs Mexico MX$ 9,583.52 /mo 
Belize vs Indonesia Rp 33,058 /hr 
Belize vs Netherlands € 14.71 /hr 
Belize vs Saudi Arabia ﷼ 23.08 /hr 
Belize vs Turkey ₺ 164.94 /hr 
Belize vs Taiwan NT$ 190 /hr 
Belize vs Switzerland 
Belize vs Poland zł 31.4 /hr 
Belize vs Thailand ฿ 10,400 /mo 
Belize vs Sweden 
Belize vs Argentina ARS 1,762 /hr 
Belize vs Singapore Frequently Asked Questions
Is the minimum wage higher in Belize or Venezuela?
In Belize, the minimum wage is BZ$5/hr ($2.50 USD). In Venezuela, it is Bs.D0.68/hr ($0.02 USD). Belize has the higher rate by 13319% 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 Belize compared to Venezuela?
The average gross salary in Belize is BZ$1,800/mo ($900 USD), compared to Bs.D500/mo ($13.70 USD) in Venezuela. In USD terms, workers in Belize earn approximately 6470% more. Average salaries reflect the full labor market, not just the minimum wage floor. The gap between Belize and Venezuela is shaped by differences in industry composition, labor productivity, and the overall cost of living in each country. Workers in Belize earn more in nominal terms, though how far that income stretches depends on local prices in Venezuela.
How do work hours compare between Belize and Venezuela?
Belize has a longer standard work week at 45 hours, compared to 40 hours in Venezuela. Workers in Belize work 45 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.