Key Facts: Slovakia vs Venezuela Wages
- Slovakia Minimum Wage
- €5.26/hr ($6.13 USD)
- Venezuela Minimum Wage
- Bs.D0.68/hr ($0.02 USD)
- Slovakia Avg. Gross Monthly Salary
- €1,580 /mo ($1,839.99 USD)
- Venezuela Avg. Gross Monthly Salary
- Bs.D500 /mo ($13.70 USD)
- Data Sources
- Ministry of Labour, Social Affairs and Family (Oznámenie MPSVaR SR č. 245/2025 Z. z.) (2026-05-24), 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)
Slovakia 
Venezuela
Updated 2026-05-24
The minimum wage in Slovakia is roughly 329 times higher than in Venezuela in USD terms, reflecting the gap between a high-income and a upper-middle-income economy. Average gross salaries diverge further: $1,840/mo in Slovakia versus $14/mo in Venezuela, a 134.3:1 ratio.
Slovakia's unemployment rate is 5.4% compared to Venezuela's 5.3%.
Detailed Comparison
| Metric | Slovakia | Venezuela |
|---|---|---|
| Minimum wage /hr | €5.26 $6.13 | Bs.D0.68 $0.02 |
| Minimum wage /day | — | Bs.D5.42 $0.15 |
| Minimum wage /mo | €915 $1,065.56 | Bs.D130 $3.56 |
| Minimum wage /yr | €10,980 $12,786.77 | — |
| Avg. gross salary /mo | €1,580 /mo $1,839.99 | Bs.D500 /mo $13.70 |
| Avg. net salary /mo | €1,200 /mo $1,397.46 | N/A/mo |
| Median individual income /yr | €11,400 /yr $13,275.88 | N/A/yr |
Percentage differences are based on USD equivalent values. Positive means Slovakia is higher.
Work Week
- Slovakia
-
40 hrs/wk standard
Max 48 hrs/wk
Overtime : 1.25x pay
Standard workweek is 40 hours. Overtime limited to 150 hours/year (extendable to 400 by agreement). Overtime premium at least 25% of earnings. Night work, weekend, and holiday work have separate premiums.
- 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 Slovakia would see a 32780% increase in USD-equivalent hourly earnings.
See this comparison from Venezuela's perspective: Venezuela vs Slovakia
Compare Slovakia with...
Slovakia vs United States $ 7.25 /hr 
Slovakia vs China ¥ 25 /hr 
Slovakia vs Germany € 13.9 /hr 
Slovakia vs United Kingdom £ 12.71 /hr 
Slovakia vs India ₹ 4,576 /mo 
Slovakia vs Japan ¥ 1,121 /hr 
Slovakia vs France € 12.02 /hr 
Slovakia vs South Korea ₩ 10,320 /hr 
Slovakia vs Canada C$ 18.1 /hr 
Slovakia vs Australia A$ 24.95 /hr 
Slovakia vs Brazil R$ 7.37 /hr 
Slovakia vs Russia ₽ 156.31 /hr 
Slovakia vs Mexico MX$ 9,583.52 /mo 
Slovakia vs Indonesia Rp 33,058 /hr 
Slovakia vs Netherlands € 14.71 /hr 
Slovakia vs Saudi Arabia ﷼ 23.08 /hr 
Slovakia vs Turkey ₺ 164.94 /hr 
Slovakia vs Taiwan NT$ 190 /hr 
Slovakia vs Switzerland 
Slovakia vs Poland zł 31.4 /hr 
Slovakia vs Thailand ฿ 10,400 /mo 
Slovakia vs Sweden 
Slovakia vs Argentina ARS 1,762 /hr 
Slovakia vs Singapore Frequently Asked Questions
Is the minimum wage higher in Slovakia or Venezuela?
In Slovakia, the minimum wage is €5.26/hr ($6.13 USD). In Venezuela, it is Bs.D0.68/hr ($0.02 USD). Slovakia has the higher rate by 32780% 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 Slovakia compared to Venezuela?
The average gross salary in Slovakia is €1,580/mo ($1,839.99 USD), compared to Bs.D500/mo ($13.70 USD) in Venezuela. In USD terms, workers in Slovakia earn approximately 13332% more. Average salaries reflect the full labor market, not just the minimum wage floor. The gap between Slovakia and Venezuela is shaped by differences in industry composition, labor productivity, and the overall cost of living in each country. Workers in Slovakia earn more in nominal terms, though how far that income stretches depends on local prices in Venezuela.
How do work hours compare between Slovakia and Venezuela?
Both Slovakia 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.