Somalia Venezuela

Updated 2026-05-04

Somalia

No statutory minimum wage

Avg. Gross Salary

Sh150,000 /mo

Venezuela

Minimum Wage

Bs.D0.68 /hr

$0.02 USD

Avg. Gross Salary

Bs.D500 /mo

Avg. salary: +1818% Somalia vs Venezuela

Somalia has no statutory minimum wage, while Venezuela sets a floor of $0/hr. Average gross salaries diverge further: $263/mo in Somalia versus $14/mo in Venezuela, a 19.2:1 ratio. Venezuela has the tighter labor market, with unemployment at 5.3% compared to 18.9%.

Somalia's unemployment rate is 18.9% compared to Venezuela's 5.3%.

Detailed Comparison

Detailed wage comparison between Somalia and Venezuela
Metric	Somalia	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	Sh150,000 /mo $262.70	Bs.D500 /mo $13.70	+1817.7%
Avg. net salary /mo	Sh140,000 /mo $245.18	N/A/mo	—

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

Work Week

Somalia: 48 hrs/wk standard

No reliable standardised workweek provisions are enforced. Friday is the weekly rest day. Labour conditions vary widely between sectors — from formal NGO employment with international standards to highly exploitative informal arrangements. Somaliland and Puntland have some locally administered labour rules.
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: Somalia mandates 48 hours while Venezuela mandates 40 hours.

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

Compare Somalia with...

Somalia vs United States $ 7.25 /hr

Somalia vs China ¥ 25 /hr

Somalia vs Germany € 13.9 /hr

Somalia vs United Kingdom £ 12.71 /hr

Somalia vs India ₹ 4,576 /mo

Somalia vs Japan ¥ 1,121 /hr

Somalia vs France € 12.02 /hr

Somalia vs South Korea ₩ 10,320 /hr

Somalia vs Canada C$ 18.1 /hr

Somalia vs Australia A$ 24.95 /hr

Somalia vs Brazil R$ 7.37 /hr

Somalia vs Russia ₽ 156.31 /hr

Somalia vs Mexico MX$ 9,583.52 /mo

Somalia vs Indonesia Rp 33,058 /hr

Somalia vs Netherlands € 14.71 /hr

Somalia vs Saudi Arabia ﷼ 23.08 /hr

Somalia vs Turkey ₺ 164.94 /hr

Somalia vs Taiwan NT$ 190 /hr

Somalia vs Switzerland

Somalia vs Poland zł 31.4 /hr

Somalia vs Thailand ฿ 10,400 /mo

Somalia vs Sweden

Somalia vs Argentina ARS 1,762 /hr

Somalia vs Singapore

Frequently Asked Questions

Is the minimum wage higher in Somalia or Venezuela?

In Somalia, 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 Somalia compared to Venezuela?

The average gross salary in Somalia is Sh150,000/mo ($262.70 USD), compared to Bs.D500/mo ($13.70 USD) in Venezuela. In USD terms, workers in Somalia earn approximately 1818% more. Average salaries reflect the full labor market, not just the minimum wage floor. The gap between Somalia and Venezuela is shaped by differences in industry composition, labor productivity, and the overall cost of living in each country. Workers in Somalia earn more in nominal terms, though how far that income stretches depends on local prices in Venezuela.

How do work hours compare between Somalia and Venezuela?

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