Key Facts: North Korea vs Venezuela Wages
- North Korea Minimum Wage
- No statutory minimum wage
- Venezuela Minimum Wage
- Bs.D0.68/hr ($0.02 USD)
- North Korea Avg. Gross Monthly Salary
- ₩100,000 /mo ($111.11 USD)
- Venezuela Avg. Gross Monthly Salary
- Bs.D500 /mo ($13.70 USD)
- Data Sources
- ILO / World Bank / Korea Institute for National Unification (KINU) / NK News (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)
North Korea 
Venezuela
Updated 2026-05-04
North Korea has no statutory minimum wage, while Venezuela sets a floor of $0/hr. Average gross salaries diverge further: $111/mo in North Korea versus $14/mo in Venezuela, a 8.1:1 ratio.
North Korea's unemployment rate is 3.5% compared to Venezuela's 5.3%.
Detailed Comparison
| Metric | North Korea | Venezuela |
|---|---|---|
| Minimum wage /hr | None | Bs.D0.68 $0.02 |
| Minimum wage /day | None | Bs.D5.42 $0.15 |
| Minimum wage /mo | None | Bs.D130 $3.56 |
| Avg. gross salary /mo | ₩100,000 /mo $111.11 | Bs.D500 /mo $13.70 |
| Avg. net salary /mo | ₩90,000 /mo $100 | N/A/mo |
Percentage differences are based on USD equivalent values. Positive means North Korea is higher.
Work Week
- North Korea
-
48 hrs/wk standard
The North Korean Labour Law formally sets an 8-hour working day. In practice, many workers are required to spend additional hours in compulsory political study, military training, and 'volunteer' labour campaigns. The actual workweek for state employees varies widely by sector and location. No independent verification of labour conditions is possible.
- 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
Standard work weeks differ: North Korea mandates 48 hours while Venezuela mandates 40 hours.
See this comparison from Venezuela's perspective: Venezuela vs North Korea
Compare North Korea with...
North Korea vs United States $ 7.25 /hr 
North Korea vs China ¥ 25 /hr 
North Korea vs Germany € 13.9 /hr 
North Korea vs United Kingdom £ 12.71 /hr 
North Korea vs India ₹ 4,576 /mo 
North Korea vs Japan ¥ 1,121 /hr 
North Korea vs France € 12.02 /hr 
North Korea vs South Korea ₩ 10,320 /hr 
North Korea vs Canada C$ 18.1 /hr 
North Korea vs Australia A$ 24.95 /hr 
North Korea vs Brazil R$ 7.37 /hr 
North Korea vs Russia ₽ 156.31 /hr 
North Korea vs Mexico MX$ 9,583.52 /mo 
North Korea vs Indonesia Rp 33,058 /hr 
North Korea vs Netherlands € 14.71 /hr 
North Korea vs Saudi Arabia ﷼ 23.08 /hr 
North Korea vs Turkey ₺ 164.94 /hr 
North Korea vs Taiwan NT$ 190 /hr 
North Korea vs Switzerland 
North Korea vs Poland zł 31.4 /hr 
North Korea vs Thailand ฿ 10,400 /mo 
North Korea vs Sweden 
North Korea vs Argentina ARS 1,762 /hr 
North Korea vs Singapore Frequently Asked Questions
Is the minimum wage higher in North Korea or Venezuela?
In North Korea, the minimum wage is no statutory minimum wage. In Venezuela, it is Bs.D0.68/hr ($0.02 USD).
How much more does the average worker earn in North Korea compared to Venezuela?
The average gross salary in North Korea is ₩100,000/mo ($111.11 USD), compared to Bs.D500/mo ($13.70 USD) in Venezuela. In USD terms, workers in North Korea earn approximately 711% more. Average salaries reflect the full labor market, not just the minimum wage floor. The gap between North Korea and Venezuela is shaped by differences in industry composition, labor productivity, and the overall cost of living in each country. Workers in North Korea earn more in nominal terms, though how far that income stretches depends on local prices in Venezuela.
How do work hours compare between North Korea and Venezuela?
North Korea has a longer standard work week at 48 hours, compared to 40 hours in Venezuela. Workers in North Korea 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.