Key Facts: Madagascar vs Venezuela Wages
- Madagascar Minimum Wage
- Ar1,202/hr ($0.27 USD)
- Venezuela Minimum Wage
- Bs.D0.68/hr ($0.02 USD)
- Madagascar Avg. Gross Monthly Salary
- Ar500,000 /mo ($112.36 USD)
- Venezuela Avg. Gross Monthly Salary
- Bs.D500 /mo ($13.70 USD)
- Data Sources
- Malagasy Ministry of Labour and Social Laws / ILO (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)
Madagascar 
Venezuela
Updated 2026-05-04
The minimum wage in Madagascar is roughly 14 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: $112/mo in Madagascar versus $14/mo in Venezuela, a 8.2:1 ratio. Madagascar has the tighter labor market, with unemployment at 3.0% compared to 5.3%.
Madagascar's unemployment rate is 3.0% compared to Venezuela's 5.3%.
Detailed Comparison
| Metric | Madagascar | Venezuela |
|---|---|---|
| Minimum wage /hr | Ar1,202 $0.27 | Bs.D0.68 $0.02 |
| Minimum wage /day | Ar9,615 $2.16 | Bs.D5.42 $0.15 |
| Minimum wage /mo | Ar250,000 $56.18 | Bs.D130 $3.56 |
| Minimum wage /yr | Ar3,000,000 $674.16 | — |
| Avg. gross salary /mo | Ar500,000 /mo $112.36 | Bs.D500 /mo $13.70 |
| Median individual income /yr | Ar1,200,000 /yr $269.66 | N/A/yr |
Percentage differences are based on USD equivalent values. Positive means Madagascar is higher.
Work Week
- Madagascar
-
40 hrs/wk standard
Max 48 hrs/wk
Overtime : 1.3x pay
Labour Code (Law No. 2003-044) sets standard hours at 40 per week (8 hrs/day, 5 days). Maximum including overtime is 48 hours/week. Overtime is compensated at 130% of normal rate (for the first 8 hours of overtime per week), then 160% (for subsequent hours), and 200% on Sundays and public holidays. Night work premium applies. EPZ workers may have different arrangements under zone-specific regulations.
- 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 Madagascar would see a 1350% increase in USD-equivalent hourly earnings.
See this comparison from Venezuela's perspective: Venezuela vs Madagascar
Compare Madagascar with...
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Madagascar vs France € 12.02 /hr 
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Madagascar vs Singapore Frequently Asked Questions
Is the minimum wage higher in Madagascar or Venezuela?
In Madagascar, the minimum wage is Ar1,202/hr ($0.27 USD). In Venezuela, it is Bs.D0.68/hr ($0.02 USD). Madagascar has the higher rate by 1350% 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 Madagascar compared to Venezuela?
The average gross salary in Madagascar is Ar500,000/mo ($112.36 USD), compared to Bs.D500/mo ($13.70 USD) in Venezuela. In USD terms, workers in Madagascar earn approximately 720% more. Average salaries reflect the full labor market, not just the minimum wage floor. The gap between Madagascar and Venezuela is shaped by differences in industry composition, labor productivity, and the overall cost of living in each country. Workers in Madagascar earn more in nominal terms, though how far that income stretches depends on local prices in Venezuela.
How do work hours compare between Madagascar and Venezuela?
Both Madagascar 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.