Singapore Venezuela

Updated 2026-06-01

Singapore

No statutory minimum wage

Avg. Gross Salary

S$5,800 /mo

Venezuela

Minimum Wage

Bs.D0.68 /hr

$0.02 USD

Avg. Gross Salary

Bs.D500 /mo

Avg. salary: +33035% Singapore vs Venezuela

Singapore has no statutory minimum wage, while Venezuela sets a floor of $0/hr. Average gross salaries diverge further: $4,539/mo in Singapore versus $14/mo in Venezuela, a 331.4:1 ratio. Singapore has the tighter labor market, with unemployment at 2.8% compared to 5.3%.

Singapore's unemployment rate is 2.8% compared to Venezuela's 5.3%.

Detailed Comparison

Detailed wage comparison between Singapore and Venezuela
Metric	Singapore	Venezuela	Diff
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	S$5,800 /mo $4,539.05	Bs.D500 /mo $13.70	+33035.1%
Avg. net salary /mo	S$4,930 /mo $3,858.19	N/A/mo	—
Median individual income /yr	S$66,000 /yr $51,651.28	N/A/yr	—

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

Work Week

Singapore: 44 hrs/wk standard

Max 44 hrs/wk

Overtime : 1.5x pay

Employment Act caps at 44 hours/week (8 hrs/day for 5-day week, or 9 hrs/day for fewer days). Overtime pay at 1.5x hourly basic rate, applies to non-workmen earning up to SGD 2,600/mo and workmen earning up to SGD 4,500/mo. Maximum overtime: 72 hours/month.
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: Singapore mandates 44 hours while Venezuela mandates 40 hours.

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

Compare Singapore with...

Singapore vs United States $ 7.25 /hr

Singapore vs China ¥ 25 /hr

Singapore vs Germany € 13.9 /hr

Singapore vs United Kingdom £ 12.71 /hr

Singapore vs India ₹ 4,576 /mo

Singapore vs Japan ¥ 1,121 /hr

Singapore vs France € 12.02 /hr

Singapore vs South Korea ₩ 10,320 /hr

Singapore vs Canada C$ 18.1 /hr

Singapore vs Australia A$ 24.95 /hr

Singapore vs Brazil R$ 7.37 /hr

Singapore vs Russia ₽ 156.31 /hr

Singapore vs Mexico MX$ 9,583.52 /mo

Singapore vs Indonesia Rp 33,058 /hr

Singapore vs Netherlands € 14.71 /hr

Singapore vs Saudi Arabia ﷼ 23.08 /hr

Singapore vs Turkey ₺ 164.94 /hr

Singapore vs Taiwan NT$ 190 /hr

Singapore vs Switzerland

Singapore vs Poland zł 31.4 /hr

Singapore vs Thailand ฿ 10,400 /mo

Singapore vs Sweden

Singapore vs Argentina ARS 1,762 /hr

Singapore vs Norway

Frequently Asked Questions

Is the minimum wage higher in Singapore or Venezuela?

In Singapore, 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 Singapore compared to Venezuela?

The average gross salary in Singapore is S$5,800/mo ($4,539.05 USD), compared to Bs.D500/mo ($13.70 USD) in Venezuela. In USD terms, workers in Singapore earn approximately 33035% more. Average salaries reflect the full labor market, not just the minimum wage floor. The gap between Singapore and Venezuela is shaped by differences in industry composition, labor productivity, and the overall cost of living in each country. Workers in Singapore earn more in nominal terms, though how far that income stretches depends on local prices in Venezuela.

How do work hours compare between Singapore and Venezuela?

Singapore has a longer standard work week at 44 hours, compared to 40 hours in Venezuela. Workers in Singapore work 44 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.