Key Facts: Jamaica vs Venezuela Wages
- Jamaica Minimum Wage
- J$325/hr ($2.07 USD)
- Venezuela Minimum Wage
- Bs.D0.68/hr ($0.02 USD)
- Jamaica Avg. Gross Monthly Salary
- J$160,000 /mo ($1,019.11 USD)
- Venezuela Avg. Gross Monthly Salary
- Bs.D500 /mo ($13.70 USD)
- Data Sources
- Ministry of Labour and Social Security — Jamaica (2026-02-24), 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)
Jamaica 
Venezuela
Updated 2026-05-04
The minimum wage in Jamaica is roughly 111 times higher than in Venezuela in USD terms, reflecting the gap between a upper-middle-income and a upper-middle-income economy. Average gross salaries diverge further: $1,019/mo in Jamaica versus $14/mo in Venezuela, a 74.4:1 ratio. Jamaica has the tighter labor market, with unemployment at 3.3% compared to 5.3%.
Jamaica's unemployment rate is 3.3% compared to Venezuela's 5.3%.
Detailed Comparison
| Metric | Jamaica | Venezuela |
|---|---|---|
| Minimum wage /hr | J$325 $2.07 | Bs.D0.68 $0.02 |
| Minimum wage /day | J$2,600 $16.56 | Bs.D5.42 $0.15 |
| Minimum wage /mo | J$56,333 $358.81 | Bs.D130 $3.56 |
| Minimum wage /yr | J$676,000 $4,305.73 | — |
| Avg. gross salary /mo | J$160,000 /mo $1,019.11 | Bs.D500 /mo $13.70 |
| Avg. net salary /mo | J$128,000 /mo $815.29 | N/A/mo |
| Median individual income /yr | J$960,000 /yr $6,114.65 | N/A/yr |
Percentage differences are based on USD equivalent values. Positive means Jamaica is higher.
Work Week
- Jamaica
-
40 hrs/wk standard
Max 40 hrs/wk
Overtime : 1.5x pay
Standard workweek is 40 hours (8 hours/day, 5 days). The Minimum Wage Order defines the reference workweek at 40 hours. Overtime is generally paid at 1.5x the normal rate. Work on public holidays is typically paid at double the normal rate. Some sectors (e.g., hotels, security) may have different arrangements.
- 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 Jamaica would see a 11011% increase in USD-equivalent hourly earnings.
See this comparison from Venezuela's perspective: Venezuela vs Jamaica
Compare Jamaica with...
Jamaica vs United States $ 7.25 /hr 
Jamaica vs China ¥ 25 /hr 
Jamaica vs Germany € 13.9 /hr 
Jamaica vs United Kingdom £ 12.71 /hr 
Jamaica vs India ₹ 4,576 /mo 
Jamaica vs Japan ¥ 1,121 /hr 
Jamaica vs France € 12.02 /hr 
Jamaica vs South Korea ₩ 10,320 /hr 
Jamaica vs Canada C$ 18.1 /hr 
Jamaica vs Australia A$ 24.95 /hr 
Jamaica vs Brazil R$ 7.37 /hr 
Jamaica vs Russia ₽ 156.31 /hr 
Jamaica vs Mexico MX$ 9,583.52 /mo 
Jamaica vs Indonesia Rp 33,058 /hr 
Jamaica vs Netherlands € 14.71 /hr 
Jamaica vs Saudi Arabia ﷼ 23.08 /hr 
Jamaica vs Turkey ₺ 164.94 /hr 
Jamaica vs Taiwan NT$ 190 /hr 
Jamaica vs Switzerland 
Jamaica vs Poland zł 31.4 /hr 
Jamaica vs Thailand ฿ 10,400 /mo 
Jamaica vs Sweden 
Jamaica vs Argentina ARS 1,762 /hr 
Jamaica vs Singapore Frequently Asked Questions
Is the minimum wage higher in Jamaica or Venezuela?
In Jamaica, the minimum wage is J$325/hr ($2.07 USD). In Venezuela, it is Bs.D0.68/hr ($0.02 USD). Jamaica has the higher rate by 11011% 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 Jamaica compared to Venezuela?
The average gross salary in Jamaica is J$160,000/mo ($1,019.11 USD), compared to Bs.D500/mo ($13.70 USD) in Venezuela. In USD terms, workers in Jamaica earn approximately 7339% more. Average salaries reflect the full labor market, not just the minimum wage floor. The gap between Jamaica and Venezuela is shaped by differences in industry composition, labor productivity, and the overall cost of living in each country. Workers in Jamaica earn more in nominal terms, though how far that income stretches depends on local prices in Venezuela.
How do work hours compare between Jamaica and Venezuela?
Both Jamaica 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.