Key Facts: Bosnia and Herzegovina vs Venezuela Wages
- Bosnia and Herzegovina Minimum Wage
- KM5.75/hr ($3.46 USD)
- Venezuela Minimum Wage
- Bs.D0.68/hr ($0.02 USD)
- Bosnia and Herzegovina Avg. Gross Monthly Salary
- KM1,870 /mo ($1,126.51 USD)
- Venezuela Avg. Gross Monthly Salary
- Bs.D500 /mo ($13.70 USD)
- Data Sources
- Agency for Statistics of Bosnia and Herzegovina (BHAS) (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)
Bosnia and Herzegovina 
Venezuela
Updated 2026-05-04
The minimum wage in Bosnia and Herzegovina is roughly 186 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: $1,127/mo in Bosnia and Herzegovina versus $14/mo in Venezuela, a 82.2:1 ratio. Venezuela has the tighter labor market, with unemployment at 5.3% compared to 11.0%.
Bosnia and Herzegovina's unemployment rate is 11.0% compared to Venezuela's 5.3%.
Detailed Comparison
| Metric | Bosnia and Herzegovina | Venezuela |
|---|---|---|
| Minimum wage /hr | KM5.75 $3.46 | Bs.D0.68 $0.02 |
| Minimum wage /day | — | Bs.D5.42 $0.15 |
| Minimum wage /mo | KM1,000 $602.41 | Bs.D130 $3.56 |
| Minimum wage /yr | KM12,000 $7,228.92 | — |
| Avg. gross salary /mo | KM1,870 /mo $1,126.51 | Bs.D500 /mo $13.70 |
| Avg. net salary /mo | KM1,314 /mo $791.57 | N/A/mo |
| Median individual income /yr | KM10,800 /yr $6,506.02 | N/A/yr |
Percentage differences are based on USD equivalent values. Positive means Bosnia and Herzegovina is higher.
Work Week
- Bosnia and Herzegovina
-
40 hrs/wk standard
Max 48 hrs/wk
Overtime : 1.3x pay
Standard workweek is 40 hours (8 hrs/day). Overtime limited to 8 hours per week in FBiH and 4 hours per day in RS. Overtime premium at least 30%. Night work premium at least 30%. Weekend work premium at least 20%. Holiday work premium at least 50%.
- 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 Bosnia and Herzegovina would see a 18493% increase in USD-equivalent hourly earnings.
See this comparison from Venezuela's perspective: Venezuela vs Bosnia and Herzegovina
Compare Bosnia and Herzegovina with...
Bosnia and Herzegovina vs United States $ 7.25 /hr 
Bosnia and Herzegovina vs China ¥ 25 /hr 
Bosnia and Herzegovina vs Germany € 13.9 /hr 
Bosnia and Herzegovina vs United Kingdom £ 12.71 /hr 
Bosnia and Herzegovina vs India ₹ 4,576 /mo 
Bosnia and Herzegovina vs Japan ¥ 1,121 /hr 
Bosnia and Herzegovina vs France € 12.02 /hr 
Bosnia and Herzegovina vs South Korea ₩ 10,320 /hr 
Bosnia and Herzegovina vs Canada C$ 18.1 /hr 
Bosnia and Herzegovina vs Australia A$ 24.95 /hr 
Bosnia and Herzegovina vs Brazil R$ 7.37 /hr 
Bosnia and Herzegovina vs Russia ₽ 156.31 /hr 
Bosnia and Herzegovina vs Mexico MX$ 9,583.52 /mo 
Bosnia and Herzegovina vs Indonesia Rp 33,058 /hr 
Bosnia and Herzegovina vs Netherlands € 14.71 /hr 
Bosnia and Herzegovina vs Saudi Arabia ﷼ 23.08 /hr 
Bosnia and Herzegovina vs Turkey ₺ 164.94 /hr 
Bosnia and Herzegovina vs Taiwan NT$ 190 /hr 
Bosnia and Herzegovina vs Switzerland 
Bosnia and Herzegovina vs Poland zł 31.4 /hr 
Bosnia and Herzegovina vs Thailand ฿ 10,400 /mo 
Bosnia and Herzegovina vs Sweden 
Bosnia and Herzegovina vs Argentina ARS 1,762 /hr 
Bosnia and Herzegovina vs Singapore Frequently Asked Questions
Is the minimum wage higher in Bosnia and Herzegovina or Venezuela?
In Bosnia and Herzegovina, the minimum wage is KM5.75/hr ($3.46 USD). In Venezuela, it is Bs.D0.68/hr ($0.02 USD). Bosnia and Herzegovina has the higher rate by 18493% 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 Bosnia and Herzegovina compared to Venezuela?
The average gross salary in Bosnia and Herzegovina is KM1,870/mo ($1,126.51 USD), compared to Bs.D500/mo ($13.70 USD) in Venezuela. In USD terms, workers in Bosnia and Herzegovina earn approximately 8123% more. Average salaries reflect the full labor market, not just the minimum wage floor. The gap between Bosnia and Herzegovina and Venezuela is shaped by differences in industry composition, labor productivity, and the overall cost of living in each country. Workers in Bosnia and Herzegovina earn more in nominal terms, though how far that income stretches depends on local prices in Venezuela.
How do work hours compare between Bosnia and Herzegovina and Venezuela?
Both Bosnia and Herzegovina 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.