Key Facts: Namibia vs Venezuela Wages
- Namibia Minimum Wage
- N$18/hr ($1.13 USD)
- Venezuela Minimum Wage
- Bs.D0.68/hr ($0.02 USD)
- Namibia Avg. Gross Monthly Salary
- N$13,500 /mo ($845.34 USD)
- Venezuela Avg. Gross Monthly Salary
- Bs.D500 /mo ($13.70 USD)
- Data Sources
- Ministry of Labour, Industrial Relations and Employment Creation / Wage Order 2024 (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)
Namibia 
Venezuela
Updated 2026-05-04
The minimum wage in Namibia is roughly 60 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: $845/mo in Namibia versus $14/mo in Venezuela, a 61.7:1 ratio. Venezuela has the tighter labor market, with unemployment at 5.3% compared to 19.3%.
Namibia's unemployment rate is 19.3% compared to Venezuela's 5.3%.
Detailed Comparison
| Metric | Namibia | Venezuela |
|---|---|---|
| Minimum wage /hr | N$18 $1.13 | Bs.D0.68 $0.02 |
| Minimum wage /day | — | Bs.D5.42 $0.15 |
| Minimum wage /mo | N$3,510 $219.79 | Bs.D130 $3.56 |
| Minimum wage /yr | N$42,120 $2,637.45 | — |
| Avg. gross salary /mo | N$13,500 /mo $845.34 | Bs.D500 /mo $13.70 |
| Avg. net salary /mo | N$11,000 /mo $688.79 | N/A/mo |
| Median individual income /yr | N$48,000 /yr $3,005.64 | N/A/yr |
Percentage differences are based on USD equivalent values. Positive means Namibia is higher.
Work Week
- Namibia
-
45 hrs/wk standard
Max 45 hrs/wk
Overtime : 1.5x pay
Labour Act sets maximum ordinary hours at 45 per week (9 hrs/day for 5-day week, 8 hrs/day for 6-day week). Overtime limited to 10 hours/week and 3 hours/day. Overtime paid at 1.5x normal rate. Rest days at 2x. Daily rest period of at least 12 consecutive hours. Weekly rest of at least 36 consecutive hours (ideally including Sunday). Annual leave: 20 working days for 5-day week.
- 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 Namibia would see a 5950% increase in USD-equivalent hourly earnings. Standard work weeks differ: Namibia mandates 45 hours while Venezuela mandates 40 hours. A minimum wage worker's weekly earnings in Namibia are $51 vs $1 in Venezuela.
See this comparison from Venezuela's perspective: Venezuela vs Namibia
Compare Namibia with...
Namibia vs United States $ 7.25 /hr 
Namibia vs China ¥ 25 /hr 
Namibia vs Germany € 13.9 /hr 
Namibia vs United Kingdom £ 12.71 /hr 
Namibia vs India ₹ 4,576 /mo 
Namibia vs Japan ¥ 1,121 /hr 
Namibia vs France € 12.02 /hr 
Namibia vs South Korea ₩ 10,320 /hr 
Namibia vs Canada C$ 18.1 /hr 
Namibia vs Australia A$ 24.95 /hr 
Namibia vs Brazil R$ 7.37 /hr 
Namibia vs Russia ₽ 156.31 /hr 
Namibia vs Mexico MX$ 9,583.52 /mo 
Namibia vs Indonesia Rp 33,058 /hr 
Namibia vs Netherlands € 14.71 /hr 
Namibia vs Saudi Arabia ﷼ 23.08 /hr 
Namibia vs Turkey ₺ 164.94 /hr 
Namibia vs Taiwan NT$ 190 /hr 
Namibia vs Switzerland 
Namibia vs Poland zł 31.4 /hr 
Namibia vs Thailand ฿ 10,400 /mo 
Namibia vs Sweden 
Namibia vs Argentina ARS 1,762 /hr 
Namibia vs Singapore Frequently Asked Questions
Is the minimum wage higher in Namibia or Venezuela?
In Namibia, the minimum wage is N$18/hr ($1.13 USD). In Venezuela, it is Bs.D0.68/hr ($0.02 USD). Namibia has the higher rate by 5950% 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 Namibia compared to Venezuela?
The average gross salary in Namibia is N$13,500/mo ($845.34 USD), compared to Bs.D500/mo ($13.70 USD) in Venezuela. In USD terms, workers in Namibia earn approximately 6071% more. Average salaries reflect the full labor market, not just the minimum wage floor. The gap between Namibia and Venezuela is shaped by differences in industry composition, labor productivity, and the overall cost of living in each country. Workers in Namibia earn more in nominal terms, though how far that income stretches depends on local prices in Venezuela.
How do work hours compare between Namibia and Venezuela?
Namibia has a longer standard work week at 45 hours, compared to 40 hours in Venezuela. Workers in Namibia work 45 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.