Key Facts: Israel vs Venezuela Wages
- Israel Minimum Wage
- ₪35.40/hr ($12.57 USD)
- Venezuela Minimum Wage
- Bs.D0.68/hr ($0.02 USD)
- Israel Avg. Gross Monthly Salary
- ₪12,000 /mo ($4,262.12 USD)
- Venezuela Avg. Gross Monthly Salary
- Bs.D500 /mo ($13.70 USD)
- Data Sources
- Ministry of Economy and Industry / National Insurance Institute; 2026 figure verified via Wikipedia List of countries by minimum wage (eff 2026-04-01) (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)
Israel 
Venezuela
Updated 2026-05-04
The minimum wage in Israel is roughly 675 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: $4,262/mo in Israel versus $14/mo in Venezuela, a 311.1:1 ratio.
Israel's unemployment rate is 3.5% compared to Venezuela's 5.3%.
Detailed Comparison
| Metric | Israel | Venezuela |
|---|---|---|
| Minimum wage /hr | ₪35.40 $12.57 | Bs.D0.68 $0.02 |
| Minimum wage /day | — | Bs.D5.42 $0.15 |
| Minimum wage /mo | ₪6,443.85 $2,288.71 | Bs.D130 $3.56 |
| Minimum wage /yr | ₪77,326.20 $27,464.46 | — |
| Avg. gross salary /mo | ₪12,000 /mo $4,262.12 | Bs.D500 /mo $13.70 |
| Avg. net salary /mo | ₪9,000 /mo $3,196.59 | N/A/mo |
| Median individual income /yr | ₪108,000 /yr $38,359.08 | N/A/yr |
Percentage differences are based on USD equivalent values. Positive means Israel is higher.
Work Week
- Israel
-
42 hrs/wk standard
Max 42 hrs/wk
Overtime : 1.25x pay
Standard workweek reduced from 43 to 42 hours in April 2018. Typically 5-day work week (8.4 hrs/day) or 6-day week. First 2 overtime hours: 125% of regular rate; subsequent hours: 150%. Weekly rest day is typically Friday evening to Saturday evening (Shabbat). Maximum 12 hours in any workday.
- 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 Israel would see a 67389% increase in USD-equivalent hourly earnings. Standard work weeks differ: Israel mandates 42 hours while Venezuela mandates 40 hours. A minimum wage worker's weekly earnings in Israel are $528 vs $1 in Venezuela.
See this comparison from Venezuela's perspective: Venezuela vs Israel
Compare Israel with...
Israel vs United States $ 7.25 /hr 
Israel vs China ¥ 25 /hr 
Israel vs Germany € 13.9 /hr 
Israel vs United Kingdom £ 12.71 /hr 
Israel vs India ₹ 4,576 /mo 
Israel vs Japan ¥ 1,121 /hr 
Israel vs France € 12.02 /hr 
Israel vs South Korea ₩ 10,320 /hr 
Israel vs Canada C$ 18.1 /hr 
Israel vs Australia A$ 24.95 /hr 
Israel vs Brazil R$ 7.37 /hr 
Israel vs Russia ₽ 156.31 /hr 
Israel vs Mexico MX$ 9,583.52 /mo 
Israel vs Indonesia Rp 33,058 /hr 
Israel vs Netherlands € 14.71 /hr 
Israel vs Saudi Arabia ﷼ 23.08 /hr 
Israel vs Turkey ₺ 164.94 /hr 
Israel vs Taiwan NT$ 190 /hr 
Israel vs Switzerland 
Israel vs Poland zł 31.4 /hr 
Israel vs Thailand ฿ 10,400 /mo 
Israel vs Sweden 
Israel vs Argentina ARS 1,762 /hr 
Israel vs Singapore Frequently Asked Questions
Is the minimum wage higher in Israel or Venezuela?
In Israel, the minimum wage is ₪35.40/hr ($12.57 USD). In Venezuela, it is Bs.D0.68/hr ($0.02 USD). Israel has the higher rate by 67389% 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 Israel compared to Venezuela?
The average gross salary in Israel is ₪12,000/mo ($4,262.12 USD), compared to Bs.D500/mo ($13.70 USD) in Venezuela. In USD terms, workers in Israel earn approximately 31013% more. Average salaries reflect the full labor market, not just the minimum wage floor. The gap between Israel and Venezuela is shaped by differences in industry composition, labor productivity, and the overall cost of living in each country. Workers in Israel earn more in nominal terms, though how far that income stretches depends on local prices in Venezuela.
How do work hours compare between Israel and Venezuela?
Israel has a longer standard work week at 42 hours, compared to 40 hours in Venezuela. Workers in Israel work 42 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.