Key Facts: Malta vs Venezuela Wages
- Malta Minimum Wage
- €5.74/hr ($6.68 USD)
- Venezuela Minimum Wage
- Bs.D0.68/hr ($0.02 USD)
- Malta Avg. Gross Monthly Salary
- €2,100 /mo ($2,445.56 USD)
- Venezuela Avg. Gross Monthly Salary
- Bs.D500 /mo ($13.70 USD)
- Data Sources
- Department of Industrial and Employment Relations (DIER); 2026 rate per DIER Resource Pack (dier.gov.mt) (2026-05-27), 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)
Malta 
Venezuela
Updated 2026-05-27
The minimum wage in Malta is roughly 359 times higher than in Venezuela in USD terms, reflecting the gap between a high-income and a upper-middle-income economy. Average gross salaries diverge further: $2,446/mo in Malta versus $14/mo in Venezuela, a 178.5:1 ratio. Malta has the tighter labor market, with unemployment at 2.9% compared to 5.3%.
Malta's unemployment rate is 2.9% compared to Venezuela's 5.3%.
Detailed Comparison
| Metric | Malta | Venezuela |
|---|---|---|
| Minimum wage /hr | €5.74 $6.68 | Bs.D0.68 $0.02 |
| Minimum wage /day | — | Bs.D5.42 $0.15 |
| Minimum wage /wk | €229.44 $267.19 | — |
| Minimum wage /mo | €994.24 $1,157.84 | Bs.D130 $3.56 |
| Minimum wage /yr | €11,930.88 $13,894.12 | — |
| Avg. gross salary /mo | €2,100 /mo $2,445.56 | Bs.D500 /mo $13.70 |
| Avg. net salary /mo | €1,750 /mo $2,037.96 | N/A/mo |
| Median individual income /yr | €17,000 /yr $19,797.37 | N/A/yr |
Percentage differences are based on USD equivalent values. Positive means Malta is higher.
Work Week
- Malta
-
40 hrs/wk standard
Max 48 hrs/wk
Overtime : 1.5x pay
Standard workweek is 40 hours. Maximum 48 hours/week averaged over a 17-week reference period. Overtime premium is at least 50% for weekdays and 100% for Sundays and public holidays.
- 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 Malta would see a 35780% increase in USD-equivalent hourly earnings.
See this comparison from Venezuela's perspective: Venezuela vs Malta
Compare Malta with...
Malta vs United States $ 7.25 /hr 
Malta vs China ¥ 25 /hr 
Malta vs Germany € 13.9 /hr 
Malta vs United Kingdom £ 12.71 /hr 
Malta vs India ₹ 4,576 /mo 
Malta vs Japan ¥ 1,121 /hr 
Malta vs France € 12.02 /hr 
Malta vs South Korea ₩ 10,320 /hr 
Malta vs Canada C$ 18.1 /hr 
Malta vs Australia A$ 24.95 /hr 
Malta vs Brazil R$ 7.37 /hr 
Malta vs Russia ₽ 156.31 /hr 
Malta vs Mexico MX$ 9,583.52 /mo 
Malta vs Indonesia Rp 33,058 /hr 
Malta vs Netherlands € 14.71 /hr 
Malta vs Saudi Arabia ﷼ 23.08 /hr 
Malta vs Turkey ₺ 164.94 /hr 
Malta vs Taiwan NT$ 190 /hr 
Malta vs Switzerland 
Malta vs Poland zł 31.4 /hr 
Malta vs Thailand ฿ 10,400 /mo 
Malta vs Sweden 
Malta vs Argentina ARS 1,762 /hr 
Malta vs Singapore Frequently Asked Questions
Is the minimum wage higher in Malta or Venezuela?
In Malta, the minimum wage is €5.74/hr ($6.68 USD). In Venezuela, it is Bs.D0.68/hr ($0.02 USD). Malta has the higher rate by 35780% 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 Malta compared to Venezuela?
The average gross salary in Malta is €2,100/mo ($2,445.56 USD), compared to Bs.D500/mo ($13.70 USD) in Venezuela. In USD terms, workers in Malta earn approximately 17753% more. Average salaries reflect the full labor market, not just the minimum wage floor. The gap between Malta and Venezuela is shaped by differences in industry composition, labor productivity, and the overall cost of living in each country. Workers in Malta earn more in nominal terms, though how far that income stretches depends on local prices in Venezuela.
How do work hours compare between Malta and Venezuela?
Both Malta 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.