Key Facts: Bolivia vs Venezuela Wages
- Bolivia Minimum Wage
- Bs13.02/hr ($1.88 USD)
- Venezuela Minimum Wage
- Bs.D0.68/hr ($0.02 USD)
- Bolivia Avg. Gross Monthly Salary
- Bs4,200 /mo ($607.81 USD)
- Venezuela Avg. Gross Monthly Salary
- Bs.D500 /mo ($13.70 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), 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)
Bolivia 
Venezuela
Updated 2026-05-04
The minimum wage in Bolivia is roughly 101 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: $608/mo in Bolivia versus $14/mo in Venezuela, a 44.4:1 ratio. Bolivia has the tighter labor market, with unemployment at 3.0% compared to 5.3%.
Bolivia's unemployment rate is 3.0% compared to Venezuela's 5.3%.
Detailed Comparison
| Metric | Bolivia | Venezuela |
|---|---|---|
| Minimum wage /hr | Bs13.02 $1.88 | Bs.D0.68 $0.02 |
| Minimum wage /day | Bs83.33 $12.06 | Bs.D5.42 $0.15 |
| Minimum wage /mo | Bs2,500 $361.79 | Bs.D130 $3.56 |
| Minimum wage /yr | Bs32,500 $4,703.33 | — |
| Avg. gross salary /mo | Bs4,200 /mo $607.81 | Bs.D500 /mo $13.70 |
| Avg. net salary /mo | Bs3,780 /mo $547.03 | N/A/mo |
| Median individual income /yr | Bs21,600 /yr $3,125.90 | N/A/yr |
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.
- 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 Bolivia would see a 10014% increase in USD-equivalent hourly earnings. Standard work weeks differ: Bolivia mandates 48 hours while Venezuela mandates 40 hours. A minimum wage worker's weekly earnings in Bolivia are $90 vs $1 in Venezuela.
See this comparison from Venezuela's perspective: Venezuela 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 Taiwan NT$ 190 /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 Frequently Asked Questions
Is the minimum wage higher in Bolivia or Venezuela?
In Bolivia, the minimum wage is Bs13.02/hr ($1.88 USD). In Venezuela, it is Bs.D0.68/hr ($0.02 USD). Bolivia has the higher rate by 10014% 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 Bolivia compared to Venezuela?
The average gross salary in Bolivia is Bs4,200/mo ($607.81 USD), compared to Bs.D500/mo ($13.70 USD) in Venezuela. In USD terms, workers in Bolivia earn approximately 4337% more. Average salaries reflect the full labor market, not just the minimum wage floor. The gap between Bolivia and Venezuela is shaped by differences in industry composition, labor productivity, and the overall cost of living in each country. Workers in Bolivia earn more in nominal terms, though how far that income stretches depends on local prices in Venezuela.
How do work hours compare between Bolivia and Venezuela?
Bolivia has a longer standard work week at 48 hours, compared to 40 hours in Venezuela. Workers in Bolivia 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.