Key Facts: Liberia vs Venezuela Wages
- Liberia Minimum Wage
- $156/mo
- Venezuela Minimum Wage
- Bs.D0.68/hr ($0.02 USD)
- Liberia Avg. Gross Monthly Salary
- $350 /mo ($350 USD)
- Venezuela Avg. Gross Monthly Salary
- Bs.D500 /mo ($13.70 USD)
- Data Sources
- ILO / Ministry of Labour (Liberia) (2026-02-25), 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)
Liberia 
Venezuela
Updated 2026-05-04
The minimum wage in Liberia is roughly 8374 times higher than in Venezuela in USD terms, reflecting the gap between a low-income and a upper-middle-income economy. Average gross salaries diverge further: $350/mo in Liberia versus $14/mo in Venezuela, a 25.6:1 ratio. Liberia has the tighter labor market, with unemployment at 2.9% compared to 5.3%.
Liberia's unemployment rate is 2.9% compared to Venezuela's 5.3%.
Detailed Comparison
| Metric | Liberia | Venezuela |
|---|---|---|
| Minimum wage /hr | — | Bs.D0.68 $0.02 |
| Minimum wage /day | $6 | Bs.D5.42 $0.15 |
| Minimum wage /mo | $156 | Bs.D130 $3.56 |
| Avg. gross salary /mo | $350 /mo | Bs.D500 /mo $13.70 |
| Median individual income /yr | $900 /yr | N/A/yr |
Percentage differences are based on USD equivalent values. Positive means Liberia is higher.
Work Week
- Liberia
-
48 hrs/wk standard
Max 56 hrs/wk
Overtime : 1.5x pay
The Decent Work Act 2015 sets a standard workweek of 8 hours/day, 6 days/week (48 hours). Maximum 56 hours including overtime. Overtime paid at 1.5x. These rules apply to formal-sector employers.
- 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.
What This Means for Workers
A minimum wage worker moving from Venezuela to Liberia would see a 837253% increase in USD-equivalent hourly earnings. Standard work weeks differ: Liberia mandates 48 hours while Venezuela mandates 40 hours. A minimum wage worker's weekly earnings in Liberia are $7,488 vs $1 in Venezuela.
See this comparison from Venezuela's perspective: Venezuela vs Liberia
Compare Liberia with...
Liberia vs United States $ 7.25 /hr 
Liberia vs China ¥ 25 /hr 
Liberia vs Germany € 13.9 /hr 
Liberia vs United Kingdom £ 12.71 /hr 
Liberia vs India ₹ 4,576 /mo 
Liberia vs Japan ¥ 1,121 /hr 
Liberia vs France € 12.02 /hr 
Liberia vs South Korea ₩ 10,320 /hr 
Liberia vs Canada C$ 18.1 /hr 
Liberia vs Australia A$ 24.95 /hr 
Liberia vs Brazil R$ 7.37 /hr 
Liberia vs Russia ₽ 156.31 /hr 
Liberia vs Mexico MX$ 9,583.52 /mo 
Liberia vs Indonesia Rp 33,058 /hr 
Liberia vs Netherlands € 14.71 /hr 
Liberia vs Saudi Arabia ﷼ 23.08 /hr 
Liberia vs Turkey ₺ 164.94 /hr 
Liberia vs Taiwan NT$ 190 /hr 
Liberia vs Switzerland 
Liberia vs Poland zł 31.4 /hr 
Liberia vs Thailand ฿ 10,400 /mo 
Liberia vs Sweden 
Liberia vs Argentina ARS 1,762 /hr 
Liberia vs Singapore Frequently Asked Questions
Is the minimum wage higher in Liberia or Venezuela?
In Liberia, the minimum wage is $156/mo. In Venezuela, it is Bs.D0.68/hr ($0.02 USD). Liberia has the higher rate by 837253% 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 Liberia compared to Venezuela?
The average gross salary in Liberia is $350/mo, compared to Bs.D500/mo ($13.70 USD) in Venezuela. In USD terms, workers in Liberia earn approximately 2455% more. Average salaries reflect the full labor market, not just the minimum wage floor. The gap between Liberia and Venezuela is shaped by differences in industry composition, labor productivity, and the overall cost of living in each country. Workers in Liberia earn more in nominal terms, though how far that income stretches depends on local prices in Venezuela.
How do work hours compare between Liberia and Venezuela?
Liberia has a longer standard work week at 48 hours, compared to 40 hours in Venezuela. Workers in Liberia 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.