Key Facts: Guinea vs Venezuela Wages
- Guinea Minimum Wage
- FG440,000/mo ($51.04 USD)
- Venezuela Minimum Wage
- Bs.D0.68/hr ($0.02 USD)
- Guinea Avg. Gross Monthly Salary
- FG1,500,000 /mo ($174.01 USD)
- Venezuela Avg. Gross Monthly Salary
- Bs.D500 /mo ($13.70 USD)
- Data Sources
- ILO / Ministère du Travail et de la Fonction Publique (Guinea) (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)
Guinea 
Venezuela
Updated 2026-05-04
The minimum wage in Guinea is roughly 2740 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: $174/mo in Guinea versus $14/mo in Venezuela, a 12.7:1 ratio.
Guinea's unemployment rate is 5.2% compared to Venezuela's 5.3%.
Detailed Comparison
| Metric | Guinea | Venezuela |
|---|---|---|
| Minimum wage /hr | — | Bs.D0.68 $0.02 |
| Minimum wage /day | — | Bs.D5.42 $0.15 |
| Minimum wage /mo | FG440,000 $51.04 | Bs.D130 $3.56 |
| Avg. gross salary /mo | FG1,500,000 /mo $174.01 | Bs.D500 /mo $13.70 |
| Median individual income /yr | FG3,000,000 /yr $348.03 | N/A/yr |
Percentage differences are based on USD equivalent values. Positive means Guinea is higher.
Work Week
- Guinea
-
40 hrs/wk standard
Max 48 hrs/wk
Overtime : 1.5x pay
Labour Code sets standard at 40 hours/week for formal-sector employees. Overtime compensated at 1.5x for weekday hours, 2x for work on rest days. These rules apply to the limited formal sector.
- 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 would see a 273887% increase in USD-equivalent hourly earnings.
See this comparison from Venezuela's perspective: Venezuela vs Guinea
Compare Guinea with...
Guinea vs United States $ 7.25 /hr 
Guinea vs China ¥ 25 /hr 
Guinea vs Germany € 13.9 /hr 
Guinea vs United Kingdom £ 12.71 /hr 
Guinea vs India ₹ 4,576 /mo 
Guinea vs Japan ¥ 1,121 /hr 
Guinea vs France € 12.02 /hr 
Guinea vs South Korea ₩ 10,320 /hr 
Guinea vs Canada C$ 18.1 /hr 
Guinea vs Australia A$ 24.95 /hr 
Guinea vs Brazil R$ 7.37 /hr 
Guinea vs Russia ₽ 156.31 /hr 
Guinea vs Mexico MX$ 9,583.52 /mo 
Guinea vs Indonesia Rp 33,058 /hr 
Guinea vs Netherlands € 14.71 /hr 
Guinea vs Saudi Arabia ﷼ 23.08 /hr 
Guinea vs Turkey ₺ 164.94 /hr 
Guinea vs Taiwan NT$ 190 /hr 
Guinea vs Switzerland 
Guinea vs Poland zł 31.4 /hr 
Guinea vs Thailand ฿ 10,400 /mo 
Guinea vs Sweden 
Guinea vs Argentina ARS 1,762 /hr 
Guinea vs Singapore Frequently Asked Questions
Is the minimum wage higher in Guinea or Venezuela?
In Guinea, the minimum wage is FG440,000/mo ($51.04 USD). In Venezuela, it is Bs.D0.68/hr ($0.02 USD). Guinea has the higher rate by 273887% 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 compared to Venezuela?
The average gross salary in Guinea is FG1,500,000/mo ($174.01 USD), compared to Bs.D500/mo ($13.70 USD) in Venezuela. In USD terms, workers in Guinea earn approximately 1170% more. Average salaries reflect the full labor market, not just the minimum wage floor. The gap between Guinea and Venezuela is shaped by differences in industry composition, labor productivity, and the overall cost of living in each country. Workers in Guinea earn more in nominal terms, though how far that income stretches depends on local prices in Venezuela.
How do work hours compare between Guinea and Venezuela?
Both 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.