Key Facts: North Macedonia vs Venezuela Wages
- North Macedonia Minimum Wage
- ден207/hr ($3.95 USD)
- Venezuela Minimum Wage
- Bs.D0.68/hr ($0.02 USD)
- North Macedonia Avg. Gross Monthly Salary
- ден55,000 /mo ($1,050.62 USD)
- Venezuela Avg. Gross Monthly Salary
- Bs.D500 /mo ($13.70 USD)
- Data Sources
- Ministry of Labour and Social Policy of North Macedonia (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 Macedonia 
Venezuela
Updated 2026-05-04
The minimum wage in North Macedonia is roughly 212 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: $1,051/mo in North Macedonia versus $14/mo in Venezuela, a 76.7:1 ratio. Venezuela has the tighter labor market, with unemployment at 5.3% compared to 12.3%.
North Macedonia's unemployment rate is 12.3% compared to Venezuela's 5.3%.
Detailed Comparison
| Metric | North Macedonia | Venezuela |
|---|---|---|
| Minimum wage /hr | ден207 $3.95 | Bs.D0.68 $0.02 |
| Minimum wage /day | — | Bs.D5.42 $0.15 |
| Minimum wage /mo | ден36,037 $688.39 | Bs.D130 $3.56 |
| Minimum wage /yr | ден432,444 $8,260.63 | — |
| Avg. gross salary /mo | ден55,000 /mo $1,050.62 | Bs.D500 /mo $13.70 |
| Avg. net salary /mo | ден38,000 /mo $725.88 | N/A/mo |
| Median individual income /yr | ден264,000 /yr $5,042.98 | N/A/yr |
Percentage differences are based on USD equivalent values. Positive means North Macedonia is higher.
Work Week
- North Macedonia
-
40 hrs/wk standard
Max 48 hrs/wk
Overtime : 1.35x pay
Labour Relations Law sets standard workweek at 40 hours (8 hrs/day). Overtime limited to 8 hours per week, up to 190 hours per year. Overtime premium at least 35%. Night work (22:00-06:00) premium at least 35%. Work on rest days and holidays at least 50% premium.
- 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 North Macedonia would see a 21125% increase in USD-equivalent hourly earnings.
See this comparison from Venezuela's perspective: Venezuela vs North Macedonia
Compare North Macedonia with...
North Macedonia vs United States $ 7.25 /hr 
North Macedonia vs China ¥ 25 /hr 
North Macedonia vs Germany € 13.9 /hr 
North Macedonia vs United Kingdom £ 12.71 /hr 
North Macedonia vs India ₹ 4,576 /mo 
North Macedonia vs Japan ¥ 1,121 /hr 
North Macedonia vs France € 12.02 /hr 
North Macedonia vs South Korea ₩ 10,320 /hr 
North Macedonia vs Canada C$ 18.1 /hr 
North Macedonia vs Australia A$ 24.95 /hr 
North Macedonia vs Brazil R$ 7.37 /hr 
North Macedonia vs Russia ₽ 156.31 /hr 
North Macedonia vs Mexico MX$ 9,583.52 /mo 
North Macedonia vs Indonesia Rp 33,058 /hr 
North Macedonia vs Netherlands € 14.71 /hr 
North Macedonia vs Saudi Arabia ﷼ 23.08 /hr 
North Macedonia vs Turkey ₺ 164.94 /hr 
North Macedonia vs Taiwan NT$ 190 /hr 
North Macedonia vs Switzerland 
North Macedonia vs Poland zł 31.4 /hr 
North Macedonia vs Thailand ฿ 10,400 /mo 
North Macedonia vs Sweden 
North Macedonia vs Argentina ARS 1,762 /hr 
North Macedonia vs Singapore Frequently Asked Questions
Is the minimum wage higher in North Macedonia or Venezuela?
In North Macedonia, the minimum wage is ден207/hr ($3.95 USD). In Venezuela, it is Bs.D0.68/hr ($0.02 USD). North Macedonia has the higher rate by 21125% 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 North Macedonia compared to Venezuela?
The average gross salary in North Macedonia is ден55,000/mo ($1,050.62 USD), compared to Bs.D500/mo ($13.70 USD) in Venezuela. In USD terms, workers in North Macedonia earn approximately 7570% more. Average salaries reflect the full labor market, not just the minimum wage floor. The gap between North Macedonia and Venezuela is shaped by differences in industry composition, labor productivity, and the overall cost of living in each country. Workers in North Macedonia earn more in nominal terms, though how far that income stretches depends on local prices in Venezuela.
How do work hours compare between North Macedonia and Venezuela?
Both North Macedonia 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.