Key Facts: Bolivia vs Taiwan Wages
- Bolivia Minimum Wage
- Bs13.02/hr ($1.88 USD)
- Taiwan Minimum Wage
- NT$190/hr ($6.11 USD)
- Bolivia Avg. Gross Monthly Salary
- Bs4,200 /mo ($607.81 USD)
- Taiwan Avg. Gross Monthly Salary
- NT$58,000 /mo ($1,864.95 USD)
- Data Sources
- Ministerio de Trabajo, Empleo y Previsión Social; 2024 figure verified via Wikipedia List of countries by minimum wage (eff 2024-05-01) (2026-05-04), Ministry of Labor (MOL), Republic of China (Taiwan) (2026-02-24)
Bolivia 
Taiwan
Updated 2026-05-04
The minimum wage in Bolivia is 69% lower than in Taiwan in USD terms, though average salaries tell a different story. Average gross salaries diverge further: $608/mo in Bolivia versus $1,865/mo in Taiwan, a 3.1:1 ratio.
Detailed Comparison
| Metric | Bolivia | Taiwan |
|---|---|---|
| Minimum wage /hr | Bs13.02 $1.88 | NT$190 $6.11 |
| Minimum wage /day | Bs83.33 $12.06 | — |
| Minimum wage /mo | Bs2,500 $361.79 | NT$28,590 $919.29 |
| Minimum wage /yr | Bs32,500 $4,703.33 | NT$343,080 $11,031.51 |
| Avg. gross salary /mo | Bs4,200 /mo $607.81 | NT$58,000 /mo $1,864.95 |
| Avg. net salary /mo | Bs3,780 /mo $547.03 | NT$50,500 /mo $1,623.79 |
| Median individual income /yr | Bs21,600 /yr $3,125.90 | NT$546,000 /yr $17,556.27 |
Percentage differences are based on USD equivalent values. Positive means Bolivia is higher.
Work Week
- Bolivia
-
48 hrs/wk standard
Max 48 hrs/wk
Overtime : 2x pay
General Labour Law (Ley General del Trabajo) sets maximum at 48 hours/week for daytime work, 40 hours for night work, and 44 for mixed shifts. Overtime is paid at 100% surcharge (double pay). Sunday is the mandatory rest day.
- Taiwan
-
40 hrs/wk standard
Max 40 hrs/wk
Overtime : 1.34x pay
Labour Standards Act sets 40 hours/week, 8 hours/day. Two mandatory rest days per week (one fixed, one flexible). Overtime: first 2 hrs at 1.34x, next 2 hrs at 1.67x. Monthly overtime cap of 46 hours (may be extended to 54 hours with union/labour-management agreement, max 138 hrs/3 months).
• WAGE TRAJECTORY (USD/hr)
What This Means for Workers
A minimum wage worker in Bolivia earns 224% less per hour in USD terms than one in Taiwan. Standard work weeks differ: Bolivia mandates 48 hours while Taiwan mandates 40 hours. A minimum wage worker's weekly earnings in Bolivia are $90 vs $244 in Taiwan.
See this comparison from Taiwan's perspective: Taiwan vs Bolivia
Compare Bolivia with...
Bolivia vs United States $ 7.25 /hr 
Bolivia vs China ¥ 25 /hr 
Bolivia vs Germany € 13.9 /hr 
Bolivia vs United Kingdom £ 12.71 /hr 
Bolivia vs India ₹ 4,576 /mo 
Bolivia vs Japan ¥ 1,121 /hr 
Bolivia vs France € 12.02 /hr 
Bolivia vs South Korea ₩ 10,320 /hr 
Bolivia vs Canada C$ 18.1 /hr 
Bolivia vs Australia A$ 24.95 /hr 
Bolivia vs Brazil R$ 7.37 /hr 
Bolivia vs Russia ₽ 156.31 /hr 
Bolivia vs Mexico MX$ 9,583.52 /mo 
Bolivia vs Indonesia Rp 33,058 /hr 
Bolivia vs Netherlands € 14.71 /hr 
Bolivia vs Saudi Arabia ﷼ 23.08 /hr 
Bolivia vs Turkey ₺ 164.94 /hr 
Bolivia vs Switzerland 
Bolivia vs Poland zł 31.4 /hr 
Bolivia vs Thailand ฿ 10,400 /mo 
Bolivia vs Sweden 
Bolivia vs Argentina ARS 1,762 /hr 
Bolivia vs Singapore 
Bolivia vs Norway Frequently Asked Questions
Is the minimum wage higher in Bolivia or Taiwan?
In Bolivia, the minimum wage is Bs13.02/hr ($1.88 USD). In Taiwan, it is NT$190/hr ($6.11 USD). Taiwan has the higher rate by 224% 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 Bolivia may retain a larger share of their earnings if prices there are lower.
How much less does the average worker earn in Bolivia compared to Taiwan?
The average gross salary in Bolivia is Bs4,200/mo ($607.81 USD), compared to NT$58,000/mo ($1,864.95 USD) in Taiwan. In USD terms, workers in Bolivia earn approximately 207% less. Average salaries reflect the full labor market, not just the minimum wage floor. The gap between Bolivia and Taiwan is shaped by differences in industry composition, labor productivity, and the overall cost of living in each country. Workers in Taiwan earn more in nominal terms, though how far that income stretches depends on local prices in Bolivia.
How do work hours compare between Bolivia and Taiwan?
Bolivia has a longer standard work week at 48 hours, compared to 40 hours in Taiwan. Workers in Bolivia work 48 hours per week by law. Longer mandatory hours can offset a nominally higher wage; a worker in Taiwan 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.