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Key Facts: Syria vs Venezuela Wages

Syria Minimum Wage
£S1,850/mo ($16.46 USD)
Venezuela Minimum Wage
Bs.D0.68/hr ($0.02 USD)
Syria Avg. Gross Monthly Salary
£S13,500 /mo ($120.13 USD)
Venezuela Avg. Gross Monthly Salary
Bs.D500 /mo ($13.70 USD)
Data Sources
ILO ILOSTAT / World Bank / Syria Report economic analyses (2026-02-25), 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)

Syria flag Syria Venezuela flag Venezuela

Updated 2026-05-04

Syria flag Syria

Minimum Wage

£S1,850 /mo

$16.46 USD

Avg. Gross Salary

£S13,500 /mo

Venezuela flag Venezuela

Minimum Wage

Bs.D0.68 /hr

$0.02 USD

Avg. Gross Salary

Bs.D500 /mo

Min wage: +88262% Syria vs Venezuela Avg. salary: +777% Syria vs Venezuela

The minimum wage in Syria is roughly 884 times higher than in Venezuela in USD terms, reflecting the gap between a low-income and a upper-middle-income economy. Average gross salaries diverge further: $120/mo in Syria versus $14/mo in Venezuela, a 8.8:1 ratio. Venezuela has the tighter labor market, with unemployment at 5.3% compared to 13.6%.

Syria's unemployment rate is 13.6% compared to Venezuela's 5.3%.

Detailed Comparison

Detailed wage comparison between Syria and Venezuela
Metric Syria Venezuela
Minimum wage /hr Bs.D0.68 $0.02
Minimum wage /day Bs.D5.42 $0.15
Minimum wage /mo £S1,850 $16.46 Bs.D130 $3.56
Avg. gross salary /mo £S13,500 /mo $120.13 Bs.D500 /mo $13.70
Avg. net salary /mo £S12,000 /mo $106.78 N/A/mo

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

Work Week

Syria

48 hrs/wk standard

Max 48 hrs/wk

Overtime : 1.5x pay

Labour Law No. 17 of 2010 set 48 hours/week as the standard. Friday is the weekly rest day. Enforcement is impossible across most of the country due to conflict. Government employees in Damascus and other major cities are the primary remaining formal workforce.

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

A minimum wage worker moving from Venezuela to Syria would see a 88262% increase in USD-equivalent hourly earnings. Standard work weeks differ: Syria mandates 48 hours while Venezuela mandates 40 hours. A minimum wage worker's weekly earnings in Syria are $790 vs $1 in Venezuela.

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

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Frequently Asked Questions

Is the minimum wage higher in Syria or Venezuela?

In Syria, the minimum wage is £S1,850/mo ($16.46 USD). In Venezuela, it is Bs.D0.68/hr ($0.02 USD). Syria has the higher rate by 88262% 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 Syria compared to Venezuela?

The average gross salary in Syria is £S13,500/mo ($120.13 USD), compared to Bs.D500/mo ($13.70 USD) in Venezuela. In USD terms, workers in Syria earn approximately 777% more. Average salaries reflect the full labor market, not just the minimum wage floor. The gap between Syria and Venezuela is shaped by differences in industry composition, labor productivity, and the overall cost of living in each country. Workers in Syria earn more in nominal terms, though how far that income stretches depends on local prices in Venezuela.

How do work hours compare between Syria and Venezuela?

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