Key Facts: Ireland vs Venezuela Wages
- Ireland Minimum Wage
- €14.15/hr ($16.48 USD)
- Venezuela Minimum Wage
- Bs.D0.68/hr ($0.02 USD)
- Ireland Avg. Gross Monthly Salary
- €4,350 /mo ($5,065.80 USD)
- Venezuela Avg. Gross Monthly Salary
- Bs.D500 /mo ($13.70 USD)
- Data Sources
- Workplace Relations Commission (WRC) (2026-03-02), 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)
Ireland 
Venezuela
Updated 2026-05-04
The minimum wage in Ireland is roughly 885 times higher than in Venezuela in USD terms, reflecting the gap between a high-income and a upper-middle-income economy. Average gross salaries diverge further: $5,066/mo in Ireland versus $14/mo in Venezuela, a 369.8:1 ratio.
Ireland's unemployment rate is 4.6% compared to Venezuela's 5.3%.
Detailed Comparison
| Metric | Ireland | Venezuela |
|---|---|---|
| Minimum wage /hr | €14.15 $16.48 | Bs.D0.68 $0.02 |
| Minimum wage /day | — | Bs.D5.42 $0.15 |
| Minimum wage /mo | €2,452.62 $2,856.20 | Bs.D130 $3.56 |
| Minimum wage /yr | €29,432 $34,275.07 | — |
| Avg. gross salary /mo | €4,350 /mo $5,065.80 | Bs.D500 /mo $13.70 |
| Avg. net salary /mo | €3,100 /mo $3,610.11 | N/A/mo |
| Median individual income /yr | €40,000 /yr $46,582.04 | N/A/yr |
Percentage differences are based on USD equivalent values. Positive means Ireland is higher.
Work Week
- Ireland
-
39 hrs/wk standard
Max 48 hrs/wk
There is no single statutory standard workweek; 39 hours is the most common. The Organisation of Working Time Act 1997 limits average weekly hours to 48 over a 4-month reference period. There is no statutory overtime rate; overtime pay is determined by employment contract or collective agreement.
- 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 Ireland would see a 88350% increase in USD-equivalent hourly earnings. Standard work weeks differ: Ireland mandates 39 hours while Venezuela mandates 40 hours. A minimum wage worker's weekly earnings in Ireland are $643 vs $1 in Venezuela.
See this comparison from Venezuela's perspective: Venezuela vs Ireland
Compare Ireland with...
Ireland vs United States $ 7.25 /hr 
Ireland vs China ¥ 25 /hr 
Ireland vs Germany € 13.9 /hr 
Ireland vs United Kingdom £ 12.71 /hr 
Ireland vs India ₹ 4,576 /mo 
Ireland vs Japan ¥ 1,121 /hr 
Ireland vs France € 12.02 /hr 
Ireland vs South Korea ₩ 10,320 /hr 
Ireland vs Canada C$ 18.1 /hr 
Ireland vs Australia A$ 24.95 /hr 
Ireland vs Brazil R$ 7.37 /hr 
Ireland vs Russia ₽ 156.31 /hr 
Ireland vs Mexico MX$ 9,583.52 /mo 
Ireland vs Indonesia Rp 33,058 /hr 
Ireland vs Netherlands € 14.71 /hr 
Ireland vs Saudi Arabia ﷼ 23.08 /hr 
Ireland vs Turkey ₺ 164.94 /hr 
Ireland vs Taiwan NT$ 190 /hr 
Ireland vs Switzerland 
Ireland vs Poland zł 31.4 /hr 
Ireland vs Thailand ฿ 10,400 /mo 
Ireland vs Sweden 
Ireland vs Argentina ARS 1,762 /hr 
Ireland vs Singapore Frequently Asked Questions
Is the minimum wage higher in Ireland or Venezuela?
In Ireland, the minimum wage is €14.15/hr ($16.48 USD). In Venezuela, it is Bs.D0.68/hr ($0.02 USD). Ireland has the higher rate by 88350% 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 Ireland compared to Venezuela?
The average gross salary in Ireland is €4,350/mo ($5,065.80 USD), compared to Bs.D500/mo ($13.70 USD) in Venezuela. In USD terms, workers in Ireland earn approximately 36880% more. Average salaries reflect the full labor market, not just the minimum wage floor. The gap between Ireland and Venezuela is shaped by differences in industry composition, labor productivity, and the overall cost of living in each country. Workers in Ireland earn more in nominal terms, though how far that income stretches depends on local prices in Venezuela.
How do work hours compare between Ireland and Venezuela?
Venezuela has a longer standard work week at 40 hours, compared to 39 hours in Ireland. Workers in Ireland work 39 hours per week by law. Longer mandatory hours can offset a nominally higher wage; a worker in Ireland 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.