Mali Venezuela

Updated 2026-05-04

Mali

Minimum Wage

CFA192.30 /hr

$0.35 USD

Avg. Gross Salary

CFA120,000 /mo

Venezuela

Minimum Wage

Bs.D0.68 /hr

$0.02 USD

Avg. Gross Salary

Bs.D500 /mo

Min wage: +1753% Mali vs Venezuela Avg. salary: +1473% Mali vs Venezuela

The minimum wage in Mali is roughly 19 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: $215/mo in Mali versus $14/mo in Venezuela, a 15.7:1 ratio. Mali has the tighter labor market, with unemployment at 2.8% compared to 5.3%.

Mali's unemployment rate is 2.8% compared to Venezuela's 5.3%.

Detailed Comparison

Detailed wage comparison between Mali and Venezuela
Metric	Mali	Venezuela	Diff
Minimum wage /hr	CFA192.30 $0.35	Bs.D0.68 $0.02	+1753.1%
Minimum wage /day	CFA1,538 $2.76	Bs.D5.42 $0.15	+1759.5%
Minimum wage /mo	CFA40,000 $71.81	Bs.D130 $3.56	+1916.3%
Minimum wage /yr	CFA480,000 $861.76	—	—
Avg. gross salary /mo	CFA120,000 /mo $215.44	Bs.D500 /mo $13.70	+1472.7%
Median individual income /yr	CFA360,000 /yr $646.32	N/A/yr	—

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

Work Week

Mali: 40 hrs/wk standard

Max 48 hrs/wk

Overtime : 1.15x pay

Labour Code (Law No. 92-020 of 23 September 1992, amended) sets standard hours at 40 per week (8 hrs/day, 5 days). Maximum including overtime is 48 hours/week. Overtime rates: 115% for day hours; 130% for hours between 21:00 and 05:00 on weekdays; 150% for Sunday daytime; 200% for night hours on Sundays/holidays. Workers are entitled to 2.5 days of paid leave per month worked (30 days/year). Friday prayers (Jumu'ah) are accommodated — Mali is ~90% Muslim.
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)

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

Year	Mali (USD)	Venezuela (USD)
2013	$72/hr	—
2020	$72/hr	$10959/hr
2021	—	$0.27/hr
2022	$72/hr	$3.56/hr
2023	—	$3.56/hr
2024	$72/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 Mali would see a 1753% increase in USD-equivalent hourly earnings.

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

Compare Mali with...

Frequently Asked Questions

Is the minimum wage higher in Mali or Venezuela?

In Mali, the minimum wage is CFA192.30/hr ($0.35 USD). In Venezuela, it is Bs.D0.68/hr ($0.02 USD). Mali has the higher rate by 1753% 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 Mali compared to Venezuela?

The average gross salary in Mali is CFA120,000/mo ($215.44 USD), compared to Bs.D500/mo ($13.70 USD) in Venezuela. In USD terms, workers in Mali earn approximately 1473% more. Average salaries reflect the full labor market, not just the minimum wage floor. The gap between Mali and Venezuela is shaped by differences in industry composition, labor productivity, and the overall cost of living in each country. Workers in Mali earn more in nominal terms, though how far that income stretches depends on local prices in Venezuela.

How do work hours compare between Mali and Venezuela?

Both Mali 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.