Key Facts: Equatorial Guinea vs Venezuela Wages
- Equatorial Guinea Minimum Wage
- FCFA129,035/mo ($231.66 USD)
- Venezuela Minimum Wage
- Bs.D0.68/hr ($0.02 USD)
- Equatorial Guinea Avg. Gross Monthly Salary
- FCFA350,000 /mo ($628.37 USD)
- Venezuela Avg. Gross Monthly Salary
- Bs.D500 /mo ($13.70 USD)
- Data Sources
- ILO ILOSTAT / World Bank / Ministerio de Trabajo de Guinea Ecuatorial (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)
Equatorial Guinea 
Venezuela
Updated 2026-05-04
The minimum wage in Equatorial Guinea is roughly 12435 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: $628/mo in Equatorial Guinea versus $14/mo in Venezuela, a 45.9:1 ratio. Venezuela has the tighter labor market, with unemployment at 5.3% compared to 8.3%.
Equatorial Guinea's unemployment rate is 8.3% compared to Venezuela's 5.3%.
Detailed Comparison
| Metric | Equatorial Guinea | Venezuela |
|---|---|---|
| Minimum wage /hr | — | Bs.D0.68 $0.02 |
| Minimum wage /day | FCFA5,161 $9.27 | Bs.D5.42 $0.15 |
| Minimum wage /mo | FCFA129,035 $231.66 | Bs.D130 $3.56 |
| Avg. gross salary /mo | FCFA350,000 /mo $628.37 | Bs.D500 /mo $13.70 |
Percentage differences are based on USD equivalent values. Positive means Equatorial Guinea is higher.
Work Week
- Equatorial Guinea
-
40 hrs/wk standard
Max 48 hrs/wk
Overtime : 1.5x pay
Labour Code (Spanish-heritage) sets 40 hours/week standard, 48 hours maximum including overtime. Oil sector may have different contractual arrangements. Spanish and French are official languages.
- 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
A minimum wage worker moving from Venezuela to Equatorial Guinea would see a 1243373% increase in USD-equivalent hourly earnings.
See this comparison from Venezuela's perspective: Venezuela vs Equatorial Guinea
Compare Equatorial Guinea with...
Equatorial Guinea vs United States $ 7.25 /hr 
Equatorial Guinea vs China ¥ 25 /hr 
Equatorial Guinea vs Germany € 13.9 /hr 
Equatorial Guinea vs United Kingdom £ 12.71 /hr 
Equatorial Guinea vs India ₹ 4,576 /mo 
Equatorial Guinea vs Japan ¥ 1,121 /hr 
Equatorial Guinea vs France € 12.02 /hr 
Equatorial Guinea vs South Korea ₩ 10,320 /hr 
Equatorial Guinea vs Canada C$ 18.1 /hr 
Equatorial Guinea vs Australia A$ 24.95 /hr 
Equatorial Guinea vs Brazil R$ 7.37 /hr 
Equatorial Guinea vs Russia ₽ 156.31 /hr 
Equatorial Guinea vs Mexico MX$ 9,583.52 /mo 
Equatorial Guinea vs Indonesia Rp 33,058 /hr 
Equatorial Guinea vs Netherlands € 14.71 /hr 
Equatorial Guinea vs Saudi Arabia ﷼ 23.08 /hr 
Equatorial Guinea vs Turkey ₺ 164.94 /hr 
Equatorial Guinea vs Taiwan NT$ 190 /hr 
Equatorial Guinea vs Switzerland 
Equatorial Guinea vs Poland zł 31.4 /hr 
Equatorial Guinea vs Thailand ฿ 10,400 /mo 
Equatorial Guinea vs Sweden 
Equatorial Guinea vs Argentina ARS 1,762 /hr 
Equatorial Guinea vs Singapore Frequently Asked Questions
Is the minimum wage higher in Equatorial Guinea or Venezuela?
In Equatorial Guinea, the minimum wage is FCFA129,035/mo ($231.66 USD). In Venezuela, it is Bs.D0.68/hr ($0.02 USD). Equatorial Guinea has the higher rate by 1243373% 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 Equatorial Guinea compared to Venezuela?
The average gross salary in Equatorial Guinea is FCFA350,000/mo ($628.37 USD), compared to Bs.D500/mo ($13.70 USD) in Venezuela. In USD terms, workers in Equatorial Guinea earn approximately 4487% more. Average salaries reflect the full labor market, not just the minimum wage floor. The gap between Equatorial Guinea and Venezuela is shaped by differences in industry composition, labor productivity, and the overall cost of living in each country. Workers in Equatorial Guinea earn more in nominal terms, though how far that income stretches depends on local prices in Venezuela.
How do work hours compare between Equatorial Guinea and Venezuela?
Both Equatorial Guinea 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.