Peru Venezuela

Updated 2026-05-27

Peru

Minimum Wage

S/5.89 /hr

$1.60 USD

Avg. Gross Salary

S/2,200 /mo

Venezuela

Minimum Wage

Bs.D0.68 /hr

$0.02 USD

Avg. Gross Salary

Bs.D500 /mo

Min wage: +8491% Peru vs Venezuela Avg. salary: +4264% Peru vs Venezuela

The minimum wage in Peru is roughly 86 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: $598/mo in Peru versus $14/mo in Venezuela, a 43.6:1 ratio.

Peru's unemployment rate is 5.1% compared to Venezuela's 5.3%.

Detailed Comparison

Detailed wage comparison between Peru and Venezuela
Metric	Peru	Venezuela	Diff
Minimum wage /hr	S/5.89 $1.60	Bs.D0.68 $0.02	+8491.2%
Minimum wage /day	—	Bs.D5.42 $0.15	—
Minimum wage /mo	S/1,130 $307.07	Bs.D130 $3.56	+8521.4%
Minimum wage /yr	S/15,820 $4,298.91	—	—
Avg. gross salary /mo	S/2,200 /mo $597.83	Bs.D500 /mo $13.70	+4264.1%
Avg. net salary /mo	S/1,870 /mo $508.15	N/A/mo	—
Median individual income /yr	S/15,600 /yr $4,239.13	N/A/yr	—

Percentage differences are based on USD equivalent values. Positive means Peru is higher.

Work Week

Peru: 48 hrs/wk standard

Max 48 hrs/wk

Overtime : 1.25x pay

Constitution sets maximum at 48 hours/week, 8 hours/day (or 6 days at 8 hrs). Office workers commonly work 40-45 hrs. Overtime: first 2 hours at 125%, subsequent hours at 135%. Night shift (10pm-6am) receives a 35% surcharge.
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)

Peru Venezuela Source: wage.is · USD equivalent/hr

Year	Peru (USD)	Venezuela (USD)
2015	$204/hr	—
2016	$231/hr	—
2018	$253/hr	—
2020	—	$10959/hr
2021	—	$0.27/hr
2022	$279/hr	$3.56/hr
2023	—	$3.56/hr
2024	—	$3.56/hr
2025	$307/hr	$3.56/hr
2026	—	$3.56/hr

What This Means for Workers

A minimum wage worker moving from Venezuela to Peru would see a 8491% increase in USD-equivalent hourly earnings. Standard work weeks differ: Peru mandates 48 hours while Venezuela mandates 40 hours. A minimum wage worker's weekly earnings in Peru are $77 vs $1 in Venezuela.

See this comparison from Venezuela's perspective: Venezuela vs Peru

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Frequently Asked Questions

Is the minimum wage higher in Peru or Venezuela?

In Peru, the minimum wage is S/5.89/hr ($1.60 USD). In Venezuela, it is Bs.D0.68/hr ($0.02 USD). Peru has the higher rate by 8491% 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 Peru compared to Venezuela?

The average gross salary in Peru is S/2,200/mo ($597.83 USD), compared to Bs.D500/mo ($13.70 USD) in Venezuela. In USD terms, workers in Peru earn approximately 4264% more. Average salaries reflect the full labor market, not just the minimum wage floor. The gap between Peru and Venezuela is shaped by differences in industry composition, labor productivity, and the overall cost of living in each country. Workers in Peru earn more in nominal terms, though how far that income stretches depends on local prices in Venezuela.

How do work hours compare between Peru and Venezuela?

Peru has a longer standard work week at 48 hours, compared to 40 hours in Venezuela. Workers in Peru 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.