Key Facts: Canada vs Venezuela Wages
- Canada Minimum Wage
- C$18.10/hr ($13.09 USD)
- Venezuela Minimum Wage
- Bs.D0.68/hr ($0.02 USD)
- Canada Avg. Gross Monthly Salary
- C$5,708 /mo ($4,127.26 USD)
- Venezuela Avg. Gross Monthly Salary
- Bs.D500 /mo ($13.70 USD)
- Data Sources
- Government of Canada - Labour Program (2026-05-28), 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)
Canada 
Venezuela
Updated 2026-05-28
The minimum wage in Canada is roughly 702 times higher than in Venezuela in USD terms, reflecting the gap between a high-income and a upper-middle-income economy. Average gross salaries diverge further: $4,127/mo in Canada versus $14/mo in Venezuela, a 301.3:1 ratio.
Canada's unemployment rate is 6.9% compared to Venezuela's 5.3%.
Detailed Comparison
| Metric | Canada | Venezuela |
|---|---|---|
| Minimum wage /hr | C$18.10 $13.09 | Bs.D0.68 $0.02 |
| Minimum wage /day | — | Bs.D5.42 $0.15 |
| Minimum wage /mo | C$3,137.33 $2,268.50 | Bs.D130 $3.56 |
| Minimum wage /yr | C$37,648 $27,221.98 | — |
| Avg. gross salary /mo | C$5,708 /mo $4,127.26 | Bs.D500 /mo $13.70 |
| Avg. net salary /mo | C$4,334 /mo $3,133.77 | N/A/mo |
| Median individual income /yr | C$44,000 /yr $31,814.90 | N/A/yr |
Percentage differences are based on USD equivalent values. Positive means Canada is higher.
Work Week
- Canada
-
40 hrs/wk standard
Max 48 hrs/wk
Overtime : 1.5x pay
Federal standard is 40 hours/week with overtime after 40 hours at 1.5x. Maximum 48 hours/week unless authorized. Provincial rules vary (e.g., Ontario overtime after 44 hrs).
- 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 Canada would see a 70149% increase in USD-equivalent hourly earnings.
See this comparison from Venezuela's perspective: Venezuela vs Canada
Compare Canada with...
Canada vs United States $ 7.25 /hr 
Canada vs China ¥ 25 /hr 
Canada vs Germany € 13.9 /hr 
Canada vs United Kingdom £ 12.71 /hr 
Canada vs India ₹ 4,576 /mo 
Canada vs Japan ¥ 1,121 /hr 
Canada vs France € 12.02 /hr 
Canada vs South Korea ₩ 10,320 /hr 
Canada vs Australia A$ 24.95 /hr 
Canada vs Brazil R$ 7.37 /hr 
Canada vs Russia ₽ 156.31 /hr 
Canada vs Mexico MX$ 9,583.52 /mo 
Canada vs Indonesia Rp 33,058 /hr 
Canada vs Netherlands € 14.71 /hr 
Canada vs Saudi Arabia ﷼ 23.08 /hr 
Canada vs Turkey ₺ 164.94 /hr 
Canada vs Taiwan NT$ 190 /hr 
Canada vs Switzerland 
Canada vs Poland zł 31.4 /hr 
Canada vs Thailand ฿ 10,400 /mo 
Canada vs Sweden 
Canada vs Argentina ARS 1,762 /hr 
Canada vs Singapore 
Canada vs Norway Frequently Asked Questions
Is the minimum wage higher in Canada or Venezuela?
In Canada, the minimum wage is C$18.10/hr ($13.09 USD). In Venezuela, it is Bs.D0.68/hr ($0.02 USD). Canada has the higher rate by 70149% 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 Canada compared to Venezuela?
The average gross salary in Canada is C$5,708/mo ($4,127.26 USD), compared to Bs.D500/mo ($13.70 USD) in Venezuela. In USD terms, workers in Canada earn approximately 30029% more. Average salaries reflect the full labor market, not just the minimum wage floor. The gap between Canada and Venezuela is shaped by differences in industry composition, labor productivity, and the overall cost of living in each country. Workers in Canada earn more in nominal terms, though how far that income stretches depends on local prices in Venezuela.
How do work hours compare between Canada and Venezuela?
Both Canada 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.