Rwanda Venezuela

Updated 2026-05-04

Rwanda

Minimum Wage

FRw14.08 /hr

$0.01 USD

Avg. Gross Salary

FRw73,948 /mo

Venezuela

Minimum Wage

Bs.D0.68 /hr

$0.02 USD

Avg. Gross Salary

Bs.D500 /mo

Min wage: -48% Rwanda vs Venezuela Avg. salary: +269% Rwanda vs Venezuela

The minimum wage in Rwanda is 48% lower than in Venezuela in USD terms, though average salaries tell a different story. Average gross salaries diverge further: $51/mo in Rwanda versus $14/mo in Venezuela, a 3.7:1 ratio. Venezuela has the tighter labor market, with unemployment at 5.3% compared to 11.4%.

Rwanda's unemployment rate is 11.4% compared to Venezuela's 5.3%.

Detailed Comparison

Detailed wage comparison between Rwanda and Venezuela
Metric	Rwanda	Venezuela	Diff
Minimum wage /hr	FRw14.08 $0.01	Bs.D0.68 $0.02	-48.3%
Minimum wage /day	—	Bs.D5.42 $0.15	—
Minimum wage /mo	FRw2,440 $1.67	Bs.D130 $3.56	-53.1%
Avg. gross salary /mo	FRw73,948 /mo $50.61	Bs.D500 /mo $13.70	+269.5%
Avg. net salary /mo	FRw62,000 /mo $42.44	N/A/mo	—
Median individual income /yr	FRw240,000 /yr $164.27	N/A/yr	—

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

Work Week

Rwanda: 45 hrs/wk standard

Max 55 hrs/wk

Overtime : 1.5x pay

Standard workweek is 45 hours per Law No. 66/2018 Regulating Labor in Rwanda. Overtime limited to 2 hours/day and 10 hours/week (max 55 hours total). Overtime permitted for urgent, exceptional, or seasonal work. Overtime compensation varies by sector agreement. Daily working hours typically 9 hours over 5 days.
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 in Rwanda earns 93% less per hour in USD terms than one in Venezuela. Standard work weeks differ: Rwanda mandates 45 hours while Venezuela mandates 40 hours. A minimum wage worker's weekly earnings in Rwanda are $0 vs $1 in Venezuela.

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

Compare Rwanda with...

Rwanda vs United States $ 7.25 /hr

Rwanda vs China ¥ 25 /hr

Rwanda vs Germany € 13.9 /hr

Rwanda vs United Kingdom £ 12.71 /hr

Rwanda vs India ₹ 4,576 /mo

Rwanda vs Japan ¥ 1,121 /hr

Rwanda vs France € 12.02 /hr

Rwanda vs South Korea ₩ 10,320 /hr

Rwanda vs Canada C$ 18.1 /hr

Rwanda vs Australia A$ 24.95 /hr

Rwanda vs Brazil R$ 7.37 /hr

Rwanda vs Russia ₽ 156.31 /hr

Rwanda vs Mexico MX$ 9,583.52 /mo

Rwanda vs Indonesia Rp 33,058 /hr

Rwanda vs Netherlands € 14.71 /hr

Rwanda vs Saudi Arabia ﷼ 23.08 /hr

Rwanda vs Turkey ₺ 164.94 /hr

Rwanda vs Taiwan NT$ 190 /hr

Rwanda vs Switzerland

Rwanda vs Poland zł 31.4 /hr

Rwanda vs Thailand ฿ 10,400 /mo

Rwanda vs Sweden

Rwanda vs Argentina ARS 1,762 /hr

Rwanda vs Singapore

Frequently Asked Questions

Is the minimum wage higher in Rwanda or Venezuela?

In Rwanda, the minimum wage is FRw14.08/hr ($0.01 USD). In Venezuela, it is Bs.D0.68/hr ($0.02 USD). Venezuela has the higher rate by 93% 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 Rwanda may retain a larger share of their earnings if prices there are lower.

How much more does the average worker earn in Rwanda compared to Venezuela?

The average gross salary in Rwanda is FRw73,948/mo ($50.61 USD), compared to Bs.D500/mo ($13.70 USD) in Venezuela. In USD terms, workers in Rwanda earn approximately 269% more. Average salaries reflect the full labor market, not just the minimum wage floor. The gap between Rwanda and Venezuela is shaped by differences in industry composition, labor productivity, and the overall cost of living in each country. Workers in Rwanda earn more in nominal terms, though how far that income stretches depends on local prices in Venezuela.

How do work hours compare between Rwanda and Venezuela?

Rwanda has a longer standard work week at 45 hours, compared to 40 hours in Venezuela. Workers in Rwanda 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.