Key Facts: Norway vs Venezuela Wages
- Norway Minimum Wage
- No statutory minimum wage
- Venezuela Minimum Wage
- Bs.D0.68/hr ($0.02 USD)
- Norway Avg. Gross Monthly Salary
- kr55,150 /mo ($5,953.34 USD)
- Venezuela Avg. Gross Monthly Salary
- Bs.D500 /mo ($13.70 USD)
- Data Sources
- Norwegian Labour Inspection Authority (Arbeidstilsynet) (2026-05-28), 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)
Norway 
Venezuela
Updated 2026-05-28
Norway has no statutory minimum wage, while Venezuela sets a floor of $0/hr. Average gross salaries diverge further: $5,953/mo in Norway versus $14/mo in Venezuela, a 434.6:1 ratio.
Norway's unemployment rate is 4.6% compared to Venezuela's 5.3%.
Detailed Comparison
| Metric | Norway | 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 | kr55,150 /mo $5,953.34 | Bs.D500 /mo $13.70 |
| Avg. net salary /mo | kr38,600 /mo $4,166.80 | N/A/mo |
| Median individual income /yr | kr570,000 /yr $61,530.49 | N/A/yr |
Percentage differences are based on USD equivalent values. Positive means Norway is higher.
Work Week
- Norway
-
37.5 hrs/wk standard
Max 40 hrs/wk
Overtime : 1.4x pay
The Working Environment Act sets a maximum of 40 hours/week, but most collective agreements specify 37.5 hours. Overtime premium minimum 40% by law. Maximum overtime: 10 hrs/week, 25 hrs over 4 consecutive weeks, 200 hrs/year. Night and Sunday work requires additional premiums by agreement.
- 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: Norway mandates 37.5 hours while Venezuela mandates 40 hours.
See this comparison from Venezuela's perspective: Venezuela vs Norway
Compare Norway with...
Norway vs United States $ 7.25 /hr 
Norway vs China ¥ 25 /hr 
Norway vs Germany € 13.9 /hr 
Norway vs United Kingdom £ 12.71 /hr 
Norway vs India ₹ 4,576 /mo 
Norway vs Japan ¥ 1,121 /hr 
Norway vs France € 12.02 /hr 
Norway vs South Korea ₩ 10,320 /hr 
Norway vs Canada C$ 18.1 /hr 
Norway vs Australia A$ 24.95 /hr 
Norway vs Brazil R$ 7.37 /hr 
Norway vs Russia ₽ 156.31 /hr 
Norway vs Mexico MX$ 9,583.52 /mo 
Norway vs Indonesia Rp 33,058 /hr 
Norway vs Netherlands € 14.71 /hr 
Norway vs Saudi Arabia ﷼ 23.08 /hr 
Norway vs Turkey ₺ 164.94 /hr 
Norway vs Taiwan NT$ 190 /hr 
Norway vs Switzerland 
Norway vs Poland zł 31.4 /hr 
Norway vs Thailand ฿ 10,400 /mo 
Norway vs Sweden 
Norway vs Argentina ARS 1,762 /hr 
Norway vs Singapore Frequently Asked Questions
Is the minimum wage higher in Norway or Venezuela?
In Norway, 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 Norway compared to Venezuela?
The average gross salary in Norway is kr55,150/mo ($5,953.34 USD), compared to Bs.D500/mo ($13.70 USD) in Venezuela. In USD terms, workers in Norway earn approximately 43359% more. Average salaries reflect the full labor market, not just the minimum wage floor. The gap between Norway and Venezuela is shaped by differences in industry composition, labor productivity, and the overall cost of living in each country. Workers in Norway earn more in nominal terms, though how far that income stretches depends on local prices in Venezuela.
How do work hours compare between Norway and Venezuela?
Venezuela has a longer standard work week at 40 hours, compared to 37.5 hours in Norway. Workers in Norway work 37.5 hours per week by law. Longer mandatory hours can offset a nominally higher wage; a worker in Norway 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.