Key Facts: Ecuador vs Venezuela Wages
- Ecuador Minimum Wage
- $1.96/hr
- Venezuela Minimum Wage
- Bs.D0.68/hr ($0.02 USD)
- Ecuador Avg. Gross Monthly Salary
- $650 /mo ($650 USD)
- Venezuela Avg. Gross Monthly Salary
- Bs.D500 /mo ($13.70 USD)
- Data Sources
- Ministerio del Trabajo — Ecuador; 2025 figure verified via Wikipedia List of countries by minimum wage (eff 2025-01-01) (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)
Ecuador 
Venezuela
Updated 2026-05-04
The minimum wage in Ecuador is roughly 105 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: $650/mo in Ecuador versus $14/mo in Venezuela, a 47.5:1 ratio.
Ecuador's unemployment rate is 3.3% compared to Venezuela's 5.3%.
Detailed Comparison
| Metric | Ecuador | Venezuela |
|---|---|---|
| Minimum wage /hr | $1.96 | Bs.D0.68 $0.02 |
| Minimum wage /day | — | Bs.D5.42 $0.15 |
| Minimum wage /mo | $470 | Bs.D130 $3.56 |
| Minimum wage /yr | $6,580 | — |
| Avg. gross salary /mo | $650 /mo | Bs.D500 /mo $13.70 |
| Avg. net salary /mo | $585 /mo | N/A/mo |
| Median individual income /yr | $4,800 /yr | N/A/yr |
Percentage differences are based on USD equivalent values. Positive means Ecuador is higher.
Work Week
- Ecuador
-
40 hrs/wk standard
Max 40 hrs/wk
Overtime : 1.5x pay
Código del Trabajo sets the standard workweek at 40 hours (8 hours/day, 5 days). Overtime (horas suplementarias) is paid at 50% premium for day hours and 100% premium for night hours (7pm-6am) and weekends/holidays. Maximum 4 hours of overtime per day, 12 hours per week. Night work (7pm-6am) has a 25% surcharge even within regular hours.
- 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 Ecuador would see a 10421% increase in USD-equivalent hourly earnings.
See this comparison from Venezuela's perspective: Venezuela vs Ecuador
Compare Ecuador with...
Ecuador vs United States $ 7.25 /hr 
Ecuador vs China ¥ 25 /hr 
Ecuador vs Germany € 13.9 /hr 
Ecuador vs United Kingdom £ 12.71 /hr 
Ecuador vs India ₹ 4,576 /mo 
Ecuador vs Japan ¥ 1,121 /hr 
Ecuador vs France € 12.02 /hr 
Ecuador vs South Korea ₩ 10,320 /hr 
Ecuador vs Canada C$ 18.1 /hr 
Ecuador vs Australia A$ 24.95 /hr 
Ecuador vs Brazil R$ 7.37 /hr 
Ecuador vs Russia ₽ 156.31 /hr 
Ecuador vs Mexico MX$ 9,583.52 /mo 
Ecuador vs Indonesia Rp 33,058 /hr 
Ecuador vs Netherlands € 14.71 /hr 
Ecuador vs Saudi Arabia ﷼ 23.08 /hr 
Ecuador vs Turkey ₺ 164.94 /hr 
Ecuador vs Taiwan NT$ 190 /hr 
Ecuador vs Switzerland 
Ecuador vs Poland zł 31.4 /hr 
Ecuador vs Thailand ฿ 10,400 /mo 
Ecuador vs Sweden 
Ecuador vs Argentina ARS 1,762 /hr 
Ecuador vs Singapore Frequently Asked Questions
Is the minimum wage higher in Ecuador or Venezuela?
In Ecuador, the minimum wage is $1.96/hr. In Venezuela, it is Bs.D0.68/hr ($0.02 USD). Ecuador has the higher rate by 10421% 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 Ecuador compared to Venezuela?
The average gross salary in Ecuador is $650/mo, compared to Bs.D500/mo ($13.70 USD) in Venezuela. In USD terms, workers in Ecuador earn approximately 4645% more. Average salaries reflect the full labor market, not just the minimum wage floor. The gap between Ecuador and Venezuela is shaped by differences in industry composition, labor productivity, and the overall cost of living in each country. Workers in Ecuador earn more in nominal terms, though how far that income stretches depends on local prices in Venezuela.
How do work hours compare between Ecuador and Venezuela?
Both Ecuador 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.