Key Facts: Serbia vs Venezuela Wages
- Serbia Minimum Wage
- RSD271/hr ($2.52 USD)
- Venezuela Minimum Wage
- Bs.D0.68/hr ($0.02 USD)
- Serbia Avg. Gross Monthly Salary
- RSD110,000 /mo ($1,023.26 USD)
- Venezuela Avg. Gross Monthly Salary
- Bs.D500 /mo ($13.70 USD)
- Data Sources
- Ministry of Labour, Employment, Veteran and Social Affairs (2026-02-24), 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)
Serbia 
Venezuela
Updated 2026-05-04
The minimum wage in Serbia is roughly 135 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: $1,023/mo in Serbia versus $14/mo in Venezuela, a 74.7:1 ratio.
Serbia's unemployment rate is 7.1% compared to Venezuela's 5.3%.
Detailed Comparison
| Metric | Serbia | Venezuela |
|---|---|---|
| Minimum wage /hr | RSD271 $2.52 | Bs.D0.68 $0.02 |
| Minimum wage /day | RSD2,168 $20.17 | Bs.D5.42 $0.15 |
| Minimum wage /mo | RSD47,000 $437.21 | Bs.D130 $3.56 |
| Minimum wage /yr | RSD564,000 $5,246.51 | — |
| Avg. gross salary /mo | RSD110,000 /mo $1,023.26 | Bs.D500 /mo $13.70 |
| Avg. net salary /mo | RSD80,000 /mo $744.19 | N/A/mo |
| Median individual income /yr | RSD600,000 /yr $5,581.40 | N/A/yr |
Percentage differences are based on USD equivalent values. Positive means Serbia is higher.
Work Week
- Serbia
-
40 hrs/wk standard
Max 40 hrs/wk
Overtime : 1.26x pay
Labour Law sets full-time working hours at 40/week. Overtime: minimum 26% surcharge. Night work (22:00-06:00): minimum 26% surcharge. Holiday work: minimum 110% surcharge. Maximum overtime is 8 hours/week. Reduced working hours (36 or fewer) for hazardous occupations.
- 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 Serbia would see a 13431% increase in USD-equivalent hourly earnings.
See this comparison from Venezuela's perspective: Venezuela vs Serbia
Compare Serbia with...
Serbia vs United States $ 7.25 /hr 
Serbia vs China ¥ 25 /hr 
Serbia vs Germany € 13.9 /hr 
Serbia vs United Kingdom £ 12.71 /hr 
Serbia vs India ₹ 4,576 /mo 
Serbia vs Japan ¥ 1,121 /hr 
Serbia vs France € 12.02 /hr 
Serbia vs South Korea ₩ 10,320 /hr 
Serbia vs Canada C$ 18.1 /hr 
Serbia vs Australia A$ 24.95 /hr 
Serbia vs Brazil R$ 7.37 /hr 
Serbia vs Russia ₽ 156.31 /hr 
Serbia vs Mexico MX$ 9,583.52 /mo 
Serbia vs Indonesia Rp 33,058 /hr 
Serbia vs Netherlands € 14.71 /hr 
Serbia vs Saudi Arabia ﷼ 23.08 /hr 
Serbia vs Turkey ₺ 164.94 /hr 
Serbia vs Taiwan NT$ 190 /hr 
Serbia vs Switzerland 
Serbia vs Poland zł 31.4 /hr 
Serbia vs Thailand ฿ 10,400 /mo 
Serbia vs Sweden 
Serbia vs Argentina ARS 1,762 /hr 
Serbia vs Singapore Frequently Asked Questions
Is the minimum wage higher in Serbia or Venezuela?
In Serbia, the minimum wage is RSD271/hr ($2.52 USD). In Venezuela, it is Bs.D0.68/hr ($0.02 USD). Serbia has the higher rate by 13431% 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 Serbia compared to Venezuela?
The average gross salary in Serbia is RSD110,000/mo ($1,023.26 USD), compared to Bs.D500/mo ($13.70 USD) in Venezuela. In USD terms, workers in Serbia earn approximately 7370% more. Average salaries reflect the full labor market, not just the minimum wage floor. The gap between Serbia and Venezuela is shaped by differences in industry composition, labor productivity, and the overall cost of living in each country. Workers in Serbia earn more in nominal terms, though how far that income stretches depends on local prices in Venezuela.
How do work hours compare between Serbia and Venezuela?
Both Serbia 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.