Laos Venezuela

Updated 2026-05-04

Laos

Minimum Wage

₭10,417 /hr

$0.48 USD

Avg. Gross Salary

₭4,000,000 /mo

Venezuela

Minimum Wage

Bs.D0.68 /hr

$0.02 USD

Avg. Gross Salary

Bs.D500 /mo

Min wage: +2497% Laos vs Venezuela Avg. salary: +1256% Laos vs Venezuela

The minimum wage in Laos is roughly 26 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: $186/mo in Laos versus $14/mo in Venezuela, a 13.6:1 ratio. Laos has the tighter labor market, with unemployment at 1.2% compared to 5.3%.

Laos' unemployment rate is 1.2% compared to Venezuela's 5.3%.

Detailed Comparison

Detailed wage comparison between Laos and Venezuela
Metric	Laos	Venezuela	Diff
Minimum wage /hr	₭10,417 $0.48	Bs.D0.68 $0.02	+2497.1%
Minimum wage /day	—	Bs.D5.42 $0.15	—
Minimum wage /mo	₭2,500,000 $116.12	Bs.D130 $3.56	+3160.2%
Avg. gross salary /mo	₭4,000,000 /mo $185.79	Bs.D500 /mo $13.70	+1256.2%
Avg. net salary /mo	₭3,600,000 /mo $167.21	N/A/mo	—
Median individual income /yr	₭18,000,000 /yr $836.04	N/A/yr	—

Percentage differences are based on USD equivalent values. Positive means Laos is higher.

Work Week

Laos: 48 hrs/wk standard

Max 48 hrs/wk

Overtime : 1.5x pay

Standard workweek is 48 hours (8 hours/day, 6 days/week). Workers in dangerous conditions are limited to 6 hours/day or 36 hours/week. Overtime is limited to 45 hours/month or 3 hours/day. Overtime compensation: 1.5x regular rate on normal days, 2.5x on weekly rest days during daytime, 3x on rest days at night. Governed by the Labour Law.
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)

Laos Venezuela Source: wage.is · USD equivalent/hr

Year	Laos (USD)	Venezuela (USD)
2018	$51/hr	—
2020	—	$10959/hr
2021	—	$0.27/hr
2022	$60/hr	$3.56/hr
2023	$74/hr	$3.56/hr
2024	$116/hr	$3.56/hr
2025	—	$3.56/hr
2026	—	$3.56/hr

What This Means for Workers

A minimum wage worker moving from Venezuela to Laos would see a 2497% increase in USD-equivalent hourly earnings. Standard work weeks differ: Laos mandates 48 hours while Venezuela mandates 40 hours. A minimum wage worker's weekly earnings in Laos are $23 vs $1 in Venezuela.

See this comparison from Venezuela's perspective: Venezuela vs Laos

Compare Laos with...

Frequently Asked Questions

Is the minimum wage higher in Laos or Venezuela?

In Laos, the minimum wage is ₭10,417/hr ($0.48 USD). In Venezuela, it is Bs.D0.68/hr ($0.02 USD). Laos has the higher rate by 2497% 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 Laos compared to Venezuela?

The average gross salary in Laos is ₭4,000,000/mo ($185.79 USD), compared to Bs.D500/mo ($13.70 USD) in Venezuela. In USD terms, workers in Laos earn approximately 1256% more. Average salaries reflect the full labor market, not just the minimum wage floor. The gap between Laos and Venezuela is shaped by differences in industry composition, labor productivity, and the overall cost of living in each country. Workers in Laos earn more in nominal terms, though how far that income stretches depends on local prices in Venezuela.

How do work hours compare between Laos and Venezuela?

Laos has a longer standard work week at 48 hours, compared to 40 hours in Venezuela. Workers in Laos work 48 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.