Key Facts: Ethiopia vs Venezuela Wages
- Ethiopia Minimum Wage
- ETB7.50/hr ($0.06 USD)
- Venezuela Minimum Wage
- Bs.D0.68/hr ($0.02 USD)
- Ethiopia Avg. Gross Monthly Salary
- ETB6,500 /mo ($50.78 USD)
- Venezuela Avg. Gross Monthly Salary
- Bs.D500 /mo ($13.70 USD)
- Data Sources
- Ministry of Labour and Social Affairs / ILO (2026-02-24), 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)
Ethiopia 
Venezuela
Updated 2026-05-04
The minimum wage in Ethiopia is 215% higher than in Venezuela when converted to USD. Average gross salaries diverge further: $51/mo in Ethiopia versus $14/mo in Venezuela, a 3.7:1 ratio.
Ethiopia's unemployment rate is 3.3% compared to Venezuela's 5.3%.
Detailed Comparison
| Metric | Ethiopia | Venezuela |
|---|---|---|
| Minimum wage /hr | ETB7.50 $0.06 | Bs.D0.68 $0.02 |
| Minimum wage /day | ETB43.33 $0.34 | Bs.D5.42 $0.15 |
| Minimum wage /mo | ETB1,300 $10.16 | Bs.D130 $3.56 |
| Minimum wage /yr | ETB15,600 $121.88 | — |
| Avg. gross salary /mo | ETB6,500 /mo $50.78 | Bs.D500 /mo $13.70 |
| Avg. net salary /mo | ETB5,600 /mo $43.75 | N/A/mo |
Percentage differences are based on USD equivalent values. Positive means Ethiopia is higher.
Work Week
- Ethiopia
-
48 hrs/wk standard
Max 48 hrs/wk
Overtime : 1.25x pay
Labour Proclamation No. 1156/2019 sets maximum ordinary working hours at 8 hours/day, 48 hours/week. Overtime: 125% for first 2 hours, 150% for additional hours, 200% for weekends, 250% for public holidays. Night work (10pm-6am) carries a 50% premium. These regulations apply to formal employment relationships only.
- 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 Ethiopia would see a 215% increase in USD-equivalent hourly earnings. Standard work weeks differ: Ethiopia mandates 48 hours while Venezuela mandates 40 hours. A minimum wage worker's weekly earnings in Ethiopia are $3 vs $1 in Venezuela.
See this comparison from Venezuela's perspective: Venezuela vs Ethiopia
Compare Ethiopia with...
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Ethiopia vs Singapore Frequently Asked Questions
Is the minimum wage higher in Ethiopia or Venezuela?
In Ethiopia, the minimum wage is ETB7.50/hr ($0.06 USD). In Venezuela, it is Bs.D0.68/hr ($0.02 USD). Ethiopia has the higher rate by 215% 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 Ethiopia compared to Venezuela?
The average gross salary in Ethiopia is ETB6,500/mo ($50.78 USD), compared to Bs.D500/mo ($13.70 USD) in Venezuela. In USD terms, workers in Ethiopia earn approximately 271% more. Average salaries reflect the full labor market, not just the minimum wage floor. The gap between Ethiopia and Venezuela is shaped by differences in industry composition, labor productivity, and the overall cost of living in each country. Workers in Ethiopia earn more in nominal terms, though how far that income stretches depends on local prices in Venezuela.
How do work hours compare between Ethiopia and Venezuela?
Ethiopia has a longer standard work week at 48 hours, compared to 40 hours in Venezuela. Workers in Ethiopia work 48 hours per week by law. Longer mandatory hours can offset a nominally higher wage; a worker in Venezuela 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.