Key Facts: Trinidad and Tobago vs Venezuela Wages
- Trinidad and Tobago Minimum Wage
- TT$20.50/hr ($3.03 USD)
- Venezuela Minimum Wage
- Bs.D0.68/hr ($0.02 USD)
- Trinidad and Tobago Avg. Gross Monthly Salary
- TT$9,500 /mo ($1,405.33 USD)
- Venezuela Avg. Gross Monthly Salary
- Bs.D500 /mo ($13.70 USD)
- Data Sources
- Ministry of Labour — Trinidad and Tobago (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)
Trinidad and Tobago 
Venezuela
Updated 2026-05-04
The minimum wage in Trinidad and Tobago is roughly 163 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: $1,405/mo in Trinidad and Tobago versus $14/mo in Venezuela, a 102.6:1 ratio.
Trinidad and Tobago's unemployment rate is 3.3% compared to Venezuela's 5.3%.
Detailed Comparison
| Metric | Trinidad and Tobago | Venezuela |
|---|---|---|
| Minimum wage /hr | TT$20.50 $3.03 | Bs.D0.68 $0.02 |
| Minimum wage /day | TT$164 $24.26 | Bs.D5.42 $0.15 |
| Minimum wage /mo | TT$3,553.33 $525.64 | Bs.D130 $3.56 |
| Minimum wage /yr | TT$42,640 $6,307.69 | — |
| Avg. gross salary /mo | TT$9,500 /mo $1,405.33 | Bs.D500 /mo $13.70 |
| Avg. net salary /mo | TT$7,600 /mo $1,124.26 | N/A/mo |
| Median individual income /yr | TT$60,000 /yr $8,875.74 | N/A/yr |
Percentage differences are based on USD equivalent values. Positive means Trinidad and Tobago is higher.
Work Week
- Trinidad and Tobago
-
40 hrs/wk standard
Max 40 hrs/wk
Overtime : 1.5x pay
Standard workweek is 40 hours (8 hours/day, 5 days/week). Normal hours are 8 hours per day, 40 hours per week, and 173.33 hours per month, exclusive of meal and rest breaks. Overtime is paid at 1.5x the regular rate. Work on public holidays is paid at 2x.
- Venezuela
-
40 hrs/wk standard
Max 44 hrs/wk
Overtime : 1.5x pay
Organic Labour Law (LOTTT) of 2012 sets the standard workweek at 40 hours (8 hours/day, 5 days). Certain sectors may work up to 44 hours/week. Overtime is limited to 100 hours/year and paid at a premium of at least 50%. Night work (7pm–5am) carries a 30% premium. Workers are entitled to 2 years advance notice before termination — the LOTTT provides extremely strong job security provisions. Saturday is often worked in practice in commerce/industry.
• WAGE TRAJECTORY (USD/hr)
What This Means for Workers
A minimum wage worker moving from Venezuela to Trinidad and Tobago would see a 16178% increase in USD-equivalent hourly earnings.
See this comparison from Venezuela's perspective: Venezuela vs Trinidad and Tobago
Compare Trinidad and Tobago with...
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Trinidad and Tobago vs United Kingdom £ 12.71 /hr 
Trinidad and Tobago vs India ₹ 4,576 /mo 
Trinidad and Tobago vs Japan ¥ 1,121 /hr 
Trinidad and Tobago vs France € 12.02 /hr 
Trinidad and Tobago vs South Korea ₩ 10,320 /hr 
Trinidad and Tobago vs Canada C$ 18.1 /hr 
Trinidad and Tobago vs Australia A$ 24.95 /hr 
Trinidad and Tobago vs Brazil R$ 7.37 /hr 
Trinidad and Tobago vs Russia ₽ 156.31 /hr 
Trinidad and Tobago vs Mexico MX$ 9,583.52 /mo 
Trinidad and Tobago vs Indonesia Rp 33,058 /hr 
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Trinidad and Tobago vs Taiwan NT$ 190 /hr 
Trinidad and Tobago vs Switzerland 
Trinidad and Tobago vs Poland zł 31.4 /hr 
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Trinidad and Tobago vs Singapore Frequently Asked Questions
Is the minimum wage higher in Trinidad and Tobago or Venezuela?
In Trinidad and Tobago, the minimum wage is TT$20.50/hr ($3.03 USD). In Venezuela, it is Bs.D0.68/hr ($0.02 USD). Trinidad and Tobago has the higher rate by 16178% 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 Trinidad and Tobago compared to Venezuela?
The average gross salary in Trinidad and Tobago is TT$9,500/mo ($1,405.33 USD), compared to Bs.D500/mo ($13.70 USD) in Venezuela. In USD terms, workers in Trinidad and Tobago earn approximately 10159% more. Average salaries reflect the full labor market, not just the minimum wage floor. The gap between Trinidad and Tobago and Venezuela is shaped by differences in industry composition, labor productivity, and the overall cost of living in each country. Workers in Trinidad and Tobago earn more in nominal terms, though how far that income stretches depends on local prices in Venezuela.
How do work hours compare between Trinidad and Tobago and Venezuela?
Both Trinidad and Tobago 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.