Mexico Venezuela

Updated 2026-05-04

Mexico

Minimum Wage

MX$9,583.52 /mo

$553.10 USD

Avg. Gross Salary

MX$16,500 /mo

Venezuela

Minimum Wage

Bs.D0.68 /hr

$0.02 USD

Avg. Gross Salary

Bs.D500 /mo

Min wage: +2968732% Mexico vs Venezuela Avg. salary: +6852% Mexico vs Venezuela

The minimum wage in Mexico is roughly 29688 times higher than in Venezuela in USD terms, reflecting the gap between a upper-middle-income and a upper-middle-income economy. Average gross salaries diverge further: $952/mo in Mexico versus $14/mo in Venezuela, a 69.5:1 ratio. Mexico has the tighter labor market, with unemployment at 2.7% compared to 5.3%.

Mexico's unemployment rate is 2.7% compared to Venezuela's 5.3%.

Detailed Comparison

Detailed wage comparison between Mexico and Venezuela
Metric	Mexico	Venezuela	Diff
Minimum wage /hr	—	Bs.D0.68 $0.02	—
Minimum wage /day	MX$315.04 $18.18	Bs.D5.42 $0.15	+12144.4%
Minimum wage /mo	MX$9,583.52 $553.10	Bs.D130 $3.56	+15429.3%
Minimum wage /yr	MX$114,989.60 $6,636.44	—	—
Avg. gross salary /mo	MX$16,500 /mo $952.27	Bs.D500 /mo $13.70	+6851.6%
Avg. net salary /mo	MX$14,200 /mo $819.53	N/A/mo	—
Median individual income /yr	MX$96,000 /yr $5,540.49	N/A/yr	—

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

Work Week

Mexico: 48 hrs/wk standard

Max 48 hrs/wk

Overtime : 2x pay

Standard workweek is 48 hours (daytime). Night shift maximum is 42 hours, mixed shift 45 hours. First 9 hours of overtime per week at 200% rate; beyond that at 300%. A 2023 reform discussion to reduce to 40 hours is pending.
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 Mexico would see a 2968732% increase in USD-equivalent hourly earnings. Standard work weeks differ: Mexico mandates 48 hours while Venezuela mandates 40 hours. A minimum wage worker's weekly earnings in Mexico are $26,549 vs $1 in Venezuela.

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

Compare Mexico with...

Mexico vs United States $ 7.25 /hr

Mexico vs China ¥ 25 /hr

Mexico vs Germany € 13.9 /hr

Mexico vs United Kingdom £ 12.71 /hr

Mexico vs India ₹ 4,576 /mo

Mexico vs Japan ¥ 1,121 /hr

Mexico vs France € 12.02 /hr

Mexico vs South Korea ₩ 10,320 /hr

Mexico vs Canada C$ 18.1 /hr

Mexico vs Australia A$ 24.95 /hr

Mexico vs Brazil R$ 7.37 /hr

Mexico vs Russia ₽ 156.31 /hr

Mexico vs Indonesia Rp 33,058 /hr

Mexico vs Netherlands € 14.71 /hr

Mexico vs Saudi Arabia ﷼ 23.08 /hr

Mexico vs Turkey ₺ 164.94 /hr

Mexico vs Taiwan NT$ 190 /hr

Mexico vs Switzerland

Mexico vs Poland zł 31.4 /hr

Mexico vs Thailand ฿ 10,400 /mo

Mexico vs Sweden

Mexico vs Argentina ARS 1,762 /hr

Mexico vs Singapore

Mexico vs Norway

Frequently Asked Questions

Is the minimum wage higher in Mexico or Venezuela?

In Mexico, the minimum wage is MX$9,583.52/mo ($553.10 USD). In Venezuela, it is Bs.D0.68/hr ($0.02 USD). Mexico has the higher rate by 2968732% 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 Mexico compared to Venezuela?

The average gross salary in Mexico is MX$16,500/mo ($952.27 USD), compared to Bs.D500/mo ($13.70 USD) in Venezuela. In USD terms, workers in Mexico earn approximately 6852% more. Average salaries reflect the full labor market, not just the minimum wage floor. The gap between Mexico and Venezuela is shaped by differences in industry composition, labor productivity, and the overall cost of living in each country. Workers in Mexico earn more in nominal terms, though how far that income stretches depends on local prices in Venezuela.

How do work hours compare between Mexico and Venezuela?

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