Key Facts: Thailand vs Venezuela Wages
- Thailand Minimum Wage
- ฿10,400/mo ($319.46 USD)
- Venezuela Minimum Wage
- Bs.D0.68/hr ($0.02 USD)
- Thailand Avg. Gross Monthly Salary
- ฿15,700 /mo ($482.26 USD)
- Venezuela Avg. Gross Monthly Salary
- Bs.D500 /mo ($13.70 USD)
- Data Sources
- Ministry of Labour / National Wage Committee (2026-05-27), 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)
Thailand 
Venezuela
Updated 2026-05-27
The minimum wage in Thailand is roughly 17147 times higher than in Venezuela in USD terms, reflecting the gap between a upper-middle-income and a upper-middle-income economy. Average gross salaries diverge further: $482/mo in Thailand versus $14/mo in Venezuela, a 35.2:1 ratio. Thailand has the tighter labor market, with unemployment at 0.8% compared to 5.3%.
Thailand's unemployment rate is 0.8% compared to Venezuela's 5.3%.
Detailed Comparison
| Metric | Thailand | Venezuela |
|---|---|---|
| Minimum wage /hr | — | Bs.D0.68 $0.02 |
| Minimum wage /day | ฿400 $12.29 | Bs.D5.42 $0.15 |
| Minimum wage /mo | ฿10,400 $319.46 | Bs.D130 $3.56 |
| Minimum wage /yr | ฿124,800 $3,833.51 | — |
| Avg. gross salary /mo | ฿15,700 /mo $482.26 | Bs.D500 /mo $13.70 |
| Avg. net salary /mo | ฿14,915 /mo $458.15 | N/A/mo |
Percentage differences are based on USD equivalent values. Positive means Thailand is higher.
Work Week
- Thailand
-
48 hrs/wk standard
Max 48 hrs/wk
Overtime : 1.5x pay
Labour Protection Act sets maximum 8 hours/day, 48 hours/week for general work (42 hours for hazardous work). Overtime at 1.5x base rate. Holiday work at 1x additional. Holiday overtime at 3x. Employees cannot be forced to work more than 36 overtime hours per week.
- 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 Thailand would see a 1714645% increase in USD-equivalent hourly earnings. Standard work weeks differ: Thailand mandates 48 hours while Venezuela mandates 40 hours. A minimum wage worker's weekly earnings in Thailand are $15,334 vs $1 in Venezuela.
See this comparison from Venezuela's perspective: Venezuela vs Thailand
Compare Thailand with...
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Thailand vs China ¥ 25 /hr 
Thailand vs Germany € 13.9 /hr 
Thailand vs United Kingdom £ 12.71 /hr 
Thailand vs India ₹ 4,576 /mo 
Thailand vs Japan ¥ 1,121 /hr 
Thailand vs France € 12.02 /hr 
Thailand vs South Korea ₩ 10,320 /hr 
Thailand vs Canada C$ 18.1 /hr 
Thailand vs Australia A$ 24.95 /hr 
Thailand vs Brazil R$ 7.37 /hr 
Thailand vs Russia ₽ 156.31 /hr 
Thailand vs Mexico MX$ 9,583.52 /mo 
Thailand vs Indonesia Rp 33,058 /hr 
Thailand vs Netherlands € 14.71 /hr 
Thailand vs Saudi Arabia ﷼ 23.08 /hr 
Thailand vs Turkey ₺ 164.94 /hr 
Thailand vs Taiwan NT$ 190 /hr 
Thailand vs Switzerland 
Thailand vs Poland zł 31.4 /hr 
Thailand vs Sweden 
Thailand vs Argentina ARS 1,762 /hr 
Thailand vs Singapore 
Thailand vs Norway Frequently Asked Questions
Is the minimum wage higher in Thailand or Venezuela?
In Thailand, the minimum wage is ฿10,400/mo ($319.46 USD). In Venezuela, it is Bs.D0.68/hr ($0.02 USD). Thailand has the higher rate by 1714645% 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 Thailand compared to Venezuela?
The average gross salary in Thailand is ฿15,700/mo ($482.26 USD), compared to Bs.D500/mo ($13.70 USD) in Venezuela. In USD terms, workers in Thailand earn approximately 3421% more. Average salaries reflect the full labor market, not just the minimum wage floor. The gap between Thailand and Venezuela is shaped by differences in industry composition, labor productivity, and the overall cost of living in each country. Workers in Thailand earn more in nominal terms, though how far that income stretches depends on local prices in Venezuela.
How do work hours compare between Thailand and Venezuela?
Thailand has a longer standard work week at 48 hours, compared to 40 hours in Venezuela. Workers in Thailand 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.