Spain Venezuela

Updated 2026-05-04

Spain

Minimum Wage

€7.96 /hr

$9.27 USD

Avg. Gross Salary

€2,450 /mo

Venezuela

Minimum Wage

Bs.D0.68 /hr

$0.02 USD

Avg. Gross Salary

Bs.D500 /mo

Min wage: +49657% Spain vs Venezuela Avg. salary: +20728% Spain vs Venezuela

The minimum wage in Spain is roughly 498 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: $2,853/mo in Spain versus $14/mo in Venezuela, a 208.3:1 ratio. Venezuela has the tighter labor market, with unemployment at 5.3% compared to 10.4%.

Spain's unemployment rate is 10.4% compared to Venezuela's 5.3%.

Detailed Comparison

Detailed wage comparison between Spain and Venezuela
Metric	Spain	Venezuela	Diff
Minimum wage /hr	€7.96 $9.27	Bs.D0.68 $0.02	+49657.2%
Minimum wage /day	—	Bs.D5.42 $0.15	—
Minimum wage /mo	€1,221 $1,421.92	Bs.D130 $3.56	+39823.1%
Minimum wage /yr	€17,094 $19,906.84	—	—
Avg. gross salary /mo	€2,450 /mo $2,853.15	Bs.D500 /mo $13.70	+20728.0%
Avg. net salary /mo	€1,900 /mo $2,212.65	N/A/mo	—
Median individual income /yr	€22,000 /yr $25,620.12	N/A/yr	—

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

Work Week

Spain: 40 hrs/wk standard

Max 48 hrs/wk

Standard workweek is 40 hours (Workers' Statute, Article 34). Maximum 80 hours of overtime per year. Overtime compensation is set by collective agreement or individual contract, with a minimum of regular hourly rate or equivalent time off. EU Working Time Directive caps average weekly hours at 48.
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)

Spain Venezuela Source: wage.is · USD equivalent/hr

Year	Spain (USD)	Venezuela (USD)
2018	$857/hr	—
2019	$1048/hr	—
2020	$1106/hr	$10959/hr
2021	$1106/hr	$0.27/hr
2022	$1165/hr	$3.56/hr
2023	$1258/hr	$3.56/hr
2024	$1321/hr	$3.56/hr
2025	$1379/hr	$3.56/hr
2026	$1422/hr	$3.56/hr

What This Means for Workers

A minimum wage worker moving from Venezuela to Spain would see a 49657% increase in USD-equivalent hourly earnings.

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

Compare Spain with...

Spain vs United States $ 7.25 /hr

Spain vs China ¥ 25 /hr

Spain vs Germany € 13.9 /hr

Spain vs United Kingdom £ 12.71 /hr

Spain vs India ₹ 4,576 /mo

Spain vs Japan ¥ 1,121 /hr

Spain vs France € 12.02 /hr

Spain vs South Korea ₩ 10,320 /hr

Spain vs Canada C$ 18.1 /hr

Spain vs Australia A$ 24.95 /hr

Spain vs Brazil R$ 7.37 /hr

Spain vs Russia ₽ 156.31 /hr

Spain vs Mexico MX$ 9,583.52 /mo

Spain vs Indonesia Rp 33,058 /hr

Spain vs Netherlands € 14.71 /hr

Spain vs Saudi Arabia ﷼ 23.08 /hr

Spain vs Turkey ₺ 164.94 /hr

Spain vs Taiwan NT$ 190 /hr

Spain vs Switzerland

Spain vs Poland zł 31.4 /hr

Spain vs Thailand ฿ 10,400 /mo

Spain vs Sweden

Spain vs Argentina ARS 1,762 /hr

Spain vs Singapore

Frequently Asked Questions

Is the minimum wage higher in Spain or Venezuela?

In Spain, the minimum wage is €7.96/hr ($9.27 USD). In Venezuela, it is Bs.D0.68/hr ($0.02 USD). Spain has the higher rate by 49657% 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 Spain compared to Venezuela?

The average gross salary in Spain is €2,450/mo ($2,853.15 USD), compared to Bs.D500/mo ($13.70 USD) in Venezuela. In USD terms, workers in Spain earn approximately 20728% more. Average salaries reflect the full labor market, not just the minimum wage floor. The gap between Spain and Venezuela is shaped by differences in industry composition, labor productivity, and the overall cost of living in each country. Workers in Spain earn more in nominal terms, though how far that income stretches depends on local prices in Venezuela.

How do work hours compare between Spain and Venezuela?

Both Spain 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.