Switzerland Venezuela

Updated 2026-05-04

Switzerland

No statutory minimum wage

Avg. Gross Salary

CHF7,800 /mo

Venezuela

Minimum Wage

Bs.D0.68 /hr

$0.02 USD

Avg. Gross Salary

Bs.D500 /mo

Avg. salary: +70092% Switzerland vs Venezuela

Switzerland has no statutory minimum wage, while Venezuela sets a floor of $0/hr. Average gross salaries diverge further: $9,615/mo in Switzerland versus $14/mo in Venezuela, a 701.9:1 ratio.

Switzerland's unemployment rate is 4.9% compared to Venezuela's 5.3%.

Detailed Comparison

Detailed wage comparison between Switzerland and Venezuela
Metric	Switzerland	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	CHF7,800 /mo $9,615.38	Bs.D500 /mo $13.70	+70092.3%
Avg. net salary /mo	CHF6,396 /mo $7,884.62	N/A/mo	—
Median individual income /yr	CHF81,456 /yr $100,414.20	N/A/yr	—

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

Work Week

Switzerland: 42 hrs/wk standard

Max 45 hrs/wk

Overtime : 1.25x pay

No single statutory standard; typical contractual hours are 40-42/week depending on sector. Maximum legal hours: 45/week for industrial, office, and retail workers; 50/week for others. Overtime premium is 25% (can be compensated with time off by agreement). Swiss Labour Act (Arbeitsgesetz) governs working time.
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: Switzerland mandates 42 hours while Venezuela mandates 40 hours.

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

Compare Switzerland with...

Switzerland vs United States $ 7.25 /hr

Switzerland vs China ¥ 25 /hr

Switzerland vs Germany € 13.9 /hr

Switzerland vs United Kingdom £ 12.71 /hr

Switzerland vs India ₹ 4,628 /mo

Switzerland vs Japan ¥ 1,121 /hr

Switzerland vs France € 12.02 /hr

Switzerland vs South Korea ₩ 10,320 /hr

Switzerland vs Canada C$ 18.1 /hr

Switzerland vs Australia A$ 26.44 /hr

Switzerland vs Brazil R$ 7.37 /hr

Switzerland vs Russia ₽ 156.31 /hr

Switzerland vs Mexico MX$ 9,583.52 /mo

Switzerland vs Indonesia Rp 33,058 /hr

Switzerland vs Netherlands € 14.71 /hr

Switzerland vs Saudi Arabia ﷼ 23.08 /hr

Switzerland vs Turkey ₺ 164.94 /hr

Switzerland vs Taiwan NT$ 190 /hr

Switzerland vs Poland zł 31.4 /hr

Switzerland vs Thailand ฿ 10,400 /mo

Switzerland vs Sweden

Switzerland vs Argentina ARS 1,762 /hr

Switzerland vs Singapore

Switzerland vs Norway

Frequently Asked Questions

Is the minimum wage higher in Switzerland or Venezuela?

In Switzerland, 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 Switzerland compared to Venezuela?

The average gross salary in Switzerland is CHF7,800/mo ($9,615.38 USD), compared to Bs.D500/mo ($13.70 USD) in Venezuela. In USD terms, workers in Switzerland earn approximately 70092% more. Average salaries reflect the full labor market, not just the minimum wage floor. The gap between Switzerland and Venezuela is shaped by differences in industry composition, labor productivity, and the overall cost of living in each country. Workers in Switzerland earn more in nominal terms, though how far that income stretches depends on local prices in Venezuela.

How do work hours compare between Switzerland and Venezuela?

Switzerland has a longer standard work week at 42 hours, compared to 40 hours in Venezuela. Workers in Switzerland work 42 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.