Key Facts: Palestine vs Venezuela Wages
- Palestine Minimum Wage
- ₪1,880/mo ($667.73 USD)
- Venezuela Minimum Wage
- Bs.D0.68/hr ($0.02 USD)
- Palestine Avg. Gross Monthly Salary
- ₪3,200 /mo ($1,136.57 USD)
- Venezuela Avg. Gross Monthly Salary
- Bs.D500 /mo ($13.70 USD)
- Data Sources
- Palestinian Central Bureau of Statistics (PCBS) / ILO (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)
Palestine 
Venezuela
Updated 2026-05-04
The minimum wage in Palestine is roughly 35842 times higher than in Venezuela in USD terms, reflecting the gap between a lower-middle-income and a upper-middle-income economy. Average gross salaries diverge further: $1,137/mo in Palestine versus $14/mo in Venezuela, a 83.0:1 ratio. Venezuela has the tighter labor market, with unemployment at 5.3% compared to 24.4%.
Palestine's unemployment rate is 24.4% compared to Venezuela's 5.3%.
Detailed Comparison
| Metric | Palestine | Venezuela |
|---|---|---|
| Minimum wage /hr | — | Bs.D0.68 $0.02 |
| Minimum wage /day | ₪86 $30.55 | Bs.D5.42 $0.15 |
| Minimum wage /mo | ₪1,880 $667.73 | Bs.D130 $3.56 |
| Avg. gross salary /mo | ₪3,200 /mo $1,136.57 | Bs.D500 /mo $13.70 |
Percentage differences are based on USD equivalent values. Positive means Palestine is higher.
Work Week
- Palestine
-
45 hrs/wk standard
Max 54 hrs/wk
Overtime : 1.25x pay
Palestinian Labour Law sets 45 hours/week maximum ordinary time (8 hours/day, 6 days). Overtime payable at 1.25x. Friday is the weekly rest day. Workers employed in Israel work under Israeli labour law (which has different provisions). The conflict beginning October 2023 has fundamentally disrupted normal labour conditions across the territory.
- 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 Palestine would see a 3584051% increase in USD-equivalent hourly earnings. Standard work weeks differ: Palestine mandates 45 hours while Venezuela mandates 40 hours. A minimum wage worker's weekly earnings in Palestine are $30,048 vs $1 in Venezuela.
See this comparison from Venezuela's perspective: Venezuela vs Palestine
Compare Palestine with...
Palestine vs United States $ 7.25 /hr 
Palestine vs China ¥ 25 /hr 
Palestine vs Germany € 13.9 /hr 
Palestine vs United Kingdom £ 12.71 /hr 
Palestine vs India ₹ 4,576 /mo 
Palestine vs Japan ¥ 1,121 /hr 
Palestine vs France € 12.02 /hr 
Palestine vs South Korea ₩ 10,320 /hr 
Palestine vs Canada C$ 18.1 /hr 
Palestine vs Australia A$ 24.95 /hr 
Palestine vs Brazil R$ 7.37 /hr 
Palestine vs Russia ₽ 156.31 /hr 
Palestine vs Mexico MX$ 9,583.52 /mo 
Palestine vs Indonesia Rp 33,058 /hr 
Palestine vs Netherlands € 14.71 /hr 
Palestine vs Saudi Arabia ﷼ 23.08 /hr 
Palestine vs Turkey ₺ 164.94 /hr 
Palestine vs Taiwan NT$ 190 /hr 
Palestine vs Switzerland 
Palestine vs Poland zł 31.4 /hr 
Palestine vs Thailand ฿ 10,400 /mo 
Palestine vs Sweden 
Palestine vs Argentina ARS 1,762 /hr 
Palestine vs Singapore Frequently Asked Questions
Is the minimum wage higher in Palestine or Venezuela?
In Palestine, the minimum wage is ₪1,880/mo ($667.73 USD). In Venezuela, it is Bs.D0.68/hr ($0.02 USD). Palestine has the higher rate by 3584051% 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 Palestine compared to Venezuela?
The average gross salary in Palestine is ₪3,200/mo ($1,136.57 USD), compared to Bs.D500/mo ($13.70 USD) in Venezuela. In USD terms, workers in Palestine earn approximately 8197% more. Average salaries reflect the full labor market, not just the minimum wage floor. The gap between Palestine and Venezuela is shaped by differences in industry composition, labor productivity, and the overall cost of living in each country. Workers in Palestine earn more in nominal terms, though how far that income stretches depends on local prices in Venezuela.
How do work hours compare between Palestine and Venezuela?
Palestine has a longer standard work week at 45 hours, compared to 40 hours in Venezuela. Workers in Palestine 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.