Finland Venezuela

Updated 2026-05-04

Finland

No statutory minimum wage

Avg. Gross Salary

€3,900 /mo

Venezuela

Minimum Wage

Bs.D0.68 /hr

$0.02 USD

Avg. Gross Salary

Bs.D500 /mo

Avg. salary: +33055% Finland vs Venezuela

Finland has no statutory minimum wage, while Venezuela sets a floor of $0/hr. Average gross salaries diverge further: $4,542/mo in Finland versus $14/mo in Venezuela, a 331.5:1 ratio. Venezuela has the tighter labor market, with unemployment at 5.3% compared to 9.5%.

Finland's unemployment rate is 9.5% compared to Venezuela's 5.3%.

Detailed Comparison

Detailed wage comparison between Finland and Venezuela
Metric	Finland	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	€3,900 /mo $4,541.75	Bs.D500 /mo $13.70	+33054.8%
Avg. net salary /mo	€2,700 /mo $3,144.29	N/A/mo	—
Median individual income /yr	€35,000 /yr $40,759.29	N/A/yr	—

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

Work Week

Finland: 40 hrs/wk standard

Max 48 hrs/wk

Overtime : 1.5x pay

Standard workweek is 40 hours (Working Hours Act / Työaikalaki). Regular daily working hours are 8 hours. Overtime for the first 2 hours is compensated at 150% and subsequent hours at 200%. Maximum overtime is 250 hours per calendar year. EU Working Time Directive limits average to 48 hrs/week.
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.

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

Compare Finland with...

Finland vs United States $ 7.25 /hr

Finland vs China ¥ 25 /hr

Finland vs Germany € 13.9 /hr

Finland vs United Kingdom £ 12.71 /hr

Finland vs India ₹ 4,576 /mo

Finland vs Japan ¥ 1,121 /hr

Finland vs France € 12.02 /hr

Finland vs South Korea ₩ 10,320 /hr

Finland vs Canada C$ 18.1 /hr

Finland vs Australia A$ 24.95 /hr

Finland vs Brazil R$ 7.37 /hr

Finland vs Russia ₽ 156.31 /hr

Finland vs Mexico MX$ 9,583.52 /mo

Finland vs Indonesia Rp 33,058 /hr

Finland vs Netherlands € 14.71 /hr

Finland vs Saudi Arabia ﷼ 23.08 /hr

Finland vs Turkey ₺ 164.94 /hr

Finland vs Taiwan NT$ 190 /hr

Finland vs Switzerland

Finland vs Poland zł 31.4 /hr

Finland vs Thailand ฿ 10,400 /mo

Finland vs Sweden

Finland vs Argentina ARS 1,762 /hr

Finland vs Singapore

Frequently Asked Questions

Is the minimum wage higher in Finland or Venezuela?

In Finland, 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 Finland compared to Venezuela?

The average gross salary in Finland is €3,900/mo ($4,541.75 USD), compared to Bs.D500/mo ($13.70 USD) in Venezuela. In USD terms, workers in Finland earn approximately 33055% more. Average salaries reflect the full labor market, not just the minimum wage floor. The gap between Finland and Venezuela is shaped by differences in industry composition, labor productivity, and the overall cost of living in each country. Workers in Finland earn more in nominal terms, though how far that income stretches depends on local prices in Venezuela.

How do work hours compare between Finland and Venezuela?

Both Finland 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.