Key Facts: Ivory Coast vs Venezuela Wages
- Ivory Coast Minimum Wage
- CFA432.70/hr ($0.78 USD)
- Venezuela Minimum Wage
- Bs.D0.68/hr ($0.02 USD)
- Ivory Coast Avg. Gross Monthly Salary
- CFA337,000 /mo ($605.03 USD)
- Venezuela Avg. Gross Monthly Salary
- Bs.D500 /mo ($13.70 USD)
- Data Sources
- Ministère de l'Emploi et de la Protection Sociale — Côte d'Ivoire (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)
Ivory Coast 
Venezuela
Updated 2026-05-04
The minimum wage in Ivory Coast is roughly 42 times higher than in Venezuela in USD terms, reflecting the gap between a lower-middle-income and a upper-middle-income economy. Average gross salaries diverge further: $605/mo in Ivory Coast versus $14/mo in Venezuela, a 44.2:1 ratio. Ivory Coast has the tighter labor market, with unemployment at 2.3% compared to 5.3%.
Ivory Coast's unemployment rate is 2.3% compared to Venezuela's 5.3%.
Detailed Comparison
| Metric | Ivory Coast | Venezuela |
|---|---|---|
| Minimum wage /hr | CFA432.70 $0.78 | Bs.D0.68 $0.02 |
| Minimum wage /day | — | Bs.D5.42 $0.15 |
| Minimum wage /mo | CFA75,000 $134.65 | Bs.D130 $3.56 |
| Minimum wage /yr | CFA900,000 $1,615.80 | — |
| Avg. gross salary /mo | CFA337,000 /mo $605.03 | Bs.D500 /mo $13.70 |
| Avg. net salary /mo | CFA280,000 /mo $502.69 | N/A/mo |
| Median individual income /yr | CFA960,000 /yr $1,723.52 | N/A/yr |
Percentage differences are based on USD equivalent values. Positive means Ivory Coast is higher.
Work Week
- Ivory Coast
-
40 hrs/wk standard
Max 48 hrs/wk
Overtime : 1.15x pay
Labour Code sets standard working hours at 40 per week (non-agricultural) and 48 hours for agricultural workers. Overtime rates: 115% for the first 8 hours of weekly overtime, 150% for subsequent hours. Night work (9pm-5am) and holiday work have higher multipliers.
- 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 Ivory Coast would see a 4070% increase in USD-equivalent hourly earnings.
See this comparison from Venezuela's perspective: Venezuela vs Ivory Coast
Compare Ivory Coast with...
Ivory Coast vs United States $ 7.25 /hr 
Ivory Coast vs China ¥ 25 /hr 
Ivory Coast vs Germany € 13.9 /hr 
Ivory Coast vs United Kingdom £ 12.71 /hr 
Ivory Coast vs India ₹ 4,576 /mo 
Ivory Coast vs Japan ¥ 1,121 /hr 
Ivory Coast vs France € 12.02 /hr 
Ivory Coast vs South Korea ₩ 10,320 /hr 
Ivory Coast vs Canada C$ 18.1 /hr 
Ivory Coast vs Australia A$ 24.95 /hr 
Ivory Coast vs Brazil R$ 7.37 /hr 
Ivory Coast vs Russia ₽ 156.31 /hr 
Ivory Coast vs Mexico MX$ 9,583.52 /mo 
Ivory Coast vs Indonesia Rp 33,058 /hr 
Ivory Coast vs Netherlands € 14.71 /hr 
Ivory Coast vs Saudi Arabia ﷼ 23.08 /hr 
Ivory Coast vs Turkey ₺ 164.94 /hr 
Ivory Coast vs Taiwan NT$ 190 /hr 
Ivory Coast vs Switzerland 
Ivory Coast vs Poland zł 31.4 /hr 
Ivory Coast vs Thailand ฿ 10,400 /mo 
Ivory Coast vs Sweden 
Ivory Coast vs Argentina ARS 1,762 /hr 
Ivory Coast vs Singapore Frequently Asked Questions
Is the minimum wage higher in Ivory Coast or Venezuela?
In Ivory Coast, the minimum wage is CFA432.70/hr ($0.78 USD). In Venezuela, it is Bs.D0.68/hr ($0.02 USD). Ivory Coast has the higher rate by 4070% 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 Ivory Coast compared to Venezuela?
The average gross salary in Ivory Coast is CFA337,000/mo ($605.03 USD), compared to Bs.D500/mo ($13.70 USD) in Venezuela. In USD terms, workers in Ivory Coast earn approximately 4317% more. Average salaries reflect the full labor market, not just the minimum wage floor. The gap between Ivory Coast and Venezuela is shaped by differences in industry composition, labor productivity, and the overall cost of living in each country. Workers in Ivory Coast earn more in nominal terms, though how far that income stretches depends on local prices in Venezuela.
How do work hours compare between Ivory Coast and Venezuela?
Both Ivory Coast 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.