Key Facts: Guinea-Bissau vs Venezuela Wages
- Guinea-Bissau Minimum Wage
- CFA19,030/mo ($34.17 USD)
- Venezuela Minimum Wage
- Bs.D0.68/hr ($0.02 USD)
- Guinea-Bissau Avg. Gross Monthly Salary
- CFA95,000 /mo ($170.56 USD)
- Venezuela Avg. Gross Monthly Salary
- Bs.D500 /mo ($13.70 USD)
- Data Sources
- ILOSTAT (DF_EAR_INEE_CUR_NB, 2024 reporting); confirmed via Wikipedia master list (citation [95]) (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)
Guinea-Bissau 
Venezuela
Updated 2026-05-04
The minimum wage in Guinea-Bissau is roughly 1834 times higher than in Venezuela in USD terms, reflecting the gap between a low-income and a upper-middle-income economy. Average gross salaries diverge further: $171/mo in Guinea-Bissau versus $14/mo in Venezuela, a 12.5:1 ratio. Guinea-Bissau has the tighter labor market, with unemployment at 2.7% compared to 5.3%.
Guinea-Bissau's unemployment rate is 2.7% compared to Venezuela's 5.3%.
Detailed Comparison
| Metric | Guinea-Bissau | Venezuela |
|---|---|---|
| Minimum wage /hr | — | Bs.D0.68 $0.02 |
| Minimum wage /day | CFA761 $1.37 | Bs.D5.42 $0.15 |
| Minimum wage /mo | CFA19,030 $34.17 | Bs.D130 $3.56 |
| Avg. gross salary /mo | CFA95,000 /mo $170.56 | Bs.D500 /mo $13.70 |
Percentage differences are based on USD equivalent values. Positive means Guinea-Bissau is higher.
Work Week
- Guinea-Bissau
-
40 hrs/wk standard
Max 48 hrs/wk
Overtime : 1.5x pay
Labour Code sets 40 hours/week as the standard. Overtime provisions apply to formal employment. Portuguese is the official language; labour law reflects Lusophone and OHADA traditions.
- 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 Guinea-Bissau would see a 183287% increase in USD-equivalent hourly earnings.
See this comparison from Venezuela's perspective: Venezuela vs Guinea-Bissau
Compare Guinea-Bissau with...
Guinea-Bissau vs United States $ 7.25 /hr 
Guinea-Bissau vs China ¥ 25 /hr 
Guinea-Bissau vs Germany € 13.9 /hr 
Guinea-Bissau vs United Kingdom £ 12.71 /hr 
Guinea-Bissau vs India ₹ 4,576 /mo 
Guinea-Bissau vs Japan ¥ 1,121 /hr 
Guinea-Bissau vs France € 12.02 /hr 
Guinea-Bissau vs South Korea ₩ 10,320 /hr 
Guinea-Bissau vs Canada C$ 18.1 /hr 
Guinea-Bissau vs Australia A$ 24.95 /hr 
Guinea-Bissau vs Brazil R$ 7.37 /hr 
Guinea-Bissau vs Russia ₽ 156.31 /hr 
Guinea-Bissau vs Mexico MX$ 9,583.52 /mo 
Guinea-Bissau vs Indonesia Rp 33,058 /hr 
Guinea-Bissau vs Netherlands € 14.71 /hr 
Guinea-Bissau vs Saudi Arabia ﷼ 23.08 /hr 
Guinea-Bissau vs Turkey ₺ 164.94 /hr 
Guinea-Bissau vs Taiwan NT$ 190 /hr 
Guinea-Bissau vs Switzerland 
Guinea-Bissau vs Poland zł 31.4 /hr 
Guinea-Bissau vs Thailand ฿ 10,400 /mo 
Guinea-Bissau vs Sweden 
Guinea-Bissau vs Argentina ARS 1,762 /hr 
Guinea-Bissau vs Singapore Frequently Asked Questions
Is the minimum wage higher in Guinea-Bissau or Venezuela?
In Guinea-Bissau, the minimum wage is CFA19,030/mo ($34.17 USD). In Venezuela, it is Bs.D0.68/hr ($0.02 USD). Guinea-Bissau has the higher rate by 183287% 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 Guinea-Bissau compared to Venezuela?
The average gross salary in Guinea-Bissau is CFA95,000/mo ($170.56 USD), compared to Bs.D500/mo ($13.70 USD) in Venezuela. In USD terms, workers in Guinea-Bissau earn approximately 1145% more. Average salaries reflect the full labor market, not just the minimum wage floor. The gap between Guinea-Bissau and Venezuela is shaped by differences in industry composition, labor productivity, and the overall cost of living in each country. Workers in Guinea-Bissau earn more in nominal terms, though how far that income stretches depends on local prices in Venezuela.
How do work hours compare between Guinea-Bissau and Venezuela?
Both Guinea-Bissau 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.