Denmark Venezuela

Updated 2026-05-04

Denmark

No statutory minimum wage

Avg. Gross Salary

kr45,000 /mo

Venezuela

Minimum Wage

Bs.D0.68 /hr

$0.02 USD

Avg. Gross Salary

Bs.D500 /mo

Avg. salary: +51089% Denmark vs Venezuela

Denmark has no statutory minimum wage, while Venezuela sets a floor of $0/hr. Average gross salaries diverge further: $7,012/mo in Denmark versus $14/mo in Venezuela, a 511.9:1 ratio.

Denmark's unemployment rate is 5.5% compared to Venezuela's 5.3%.

Detailed Comparison

Detailed wage comparison between Denmark and Venezuela
Metric	Denmark	Venezuela	Diff
Minimum wage /hr	None	Bs.D0.68 $0.02	—
Minimum wage /day	None	Bs.D5.42 $0.15	—
Minimum wage /mo	None	Bs.D130 $3.56	—
Avg. gross salary /mo	kr45,000 /mo $7,012.19	Bs.D500 /mo $13.70	+51089.0%
Avg. net salary /mo	kr28,000 /mo $4,363.14	N/A/mo	—
Median individual income /yr	kr360,000 /yr $56,097.48	N/A/yr	—

Percentage differences are based on USD equivalent values. Positive means Denmark is higher.

Work Week

Denmark: 37 hrs/wk standard

Max 48 hrs/wk

Standard workweek is 37 hours (set by collective agreements, not statute). EU Working Time Directive limits average to 48 hrs/week. Overtime compensation is determined by collective agreements, not law.
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.

What This Means for Workers

Standard work weeks differ: Denmark mandates 37 hours while Venezuela mandates 40 hours.

See this comparison from Venezuela's perspective: Venezuela vs Denmark

Compare Denmark with...

Denmark vs United States $ 7.25 /hr

Denmark vs China ¥ 25 /hr

Denmark vs Germany € 13.9 /hr

Denmark vs United Kingdom £ 12.71 /hr

Denmark vs India ₹ 4,576 /mo

Denmark vs Japan ¥ 1,121 /hr

Denmark vs France € 12.02 /hr

Denmark vs South Korea ₩ 10,320 /hr

Denmark vs Canada C$ 18.1 /hr

Denmark vs Australia A$ 24.95 /hr

Denmark vs Brazil R$ 7.37 /hr

Denmark vs Russia ₽ 156.31 /hr

Denmark vs Mexico MX$ 9,583.52 /mo

Denmark vs Indonesia Rp 33,058 /hr

Denmark vs Netherlands € 14.71 /hr

Denmark vs Saudi Arabia ﷼ 23.08 /hr

Denmark vs Turkey ₺ 164.94 /hr

Denmark vs Taiwan NT$ 190 /hr

Denmark vs Switzerland

Denmark vs Poland zł 31.4 /hr

Denmark vs Thailand ฿ 10,400 /mo

Denmark vs Sweden

Denmark vs Argentina ARS 1,762 /hr

Denmark vs Singapore

Frequently Asked Questions

Is the minimum wage higher in Denmark or Venezuela?

In Denmark, the minimum wage is no statutory minimum wage. In Venezuela, it is Bs.D0.68/hr ($0.02 USD).

How much more does the average worker earn in Denmark compared to Venezuela?

The average gross salary in Denmark is kr45,000/mo ($7,012.19 USD), compared to Bs.D500/mo ($13.70 USD) in Venezuela. In USD terms, workers in Denmark earn approximately 51089% more. Average salaries reflect the full labor market, not just the minimum wage floor. The gap between Denmark and Venezuela is shaped by differences in industry composition, labor productivity, and the overall cost of living in each country. Workers in Denmark earn more in nominal terms, though how far that income stretches depends on local prices in Venezuela.

How do work hours compare between Denmark and Venezuela?

Venezuela has a longer standard work week at 40 hours, compared to 37 hours in Denmark. Workers in Denmark work 37 hours per week by law. Longer mandatory hours can offset a nominally higher wage; a worker in Denmark 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.