Key Facts: Turkey vs Venezuela Wages
- Turkey Minimum Wage
- ₺164.94/hr ($3.59 USD)
- Venezuela Minimum Wage
- Bs.D0.68/hr ($0.02 USD)
- Turkey Avg. Gross Monthly Salary
- ₺25,482 /mo ($555.24 USD)
- Venezuela Avg. Gross Monthly Salary
- Bs.D500 /mo ($13.70 USD)
- Data Sources
- Ministry of Labour and Social Security (Çalışma ve Sosyal Güvenlik Bakanlığı); 2026 figure announced by Minister Vedat Işıkhan, verified via Daily Sabah (dailysabah.com) (2026-05-04), 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)
Turkey 
Venezuela
Updated 2026-05-04
The minimum wage in Turkey is roughly 193 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: $555/mo in Turkey versus $14/mo in Venezuela, a 40.5:1 ratio. Venezuela has the tighter labor market, with unemployment at 5.3% compared to 8.5%.
Turkey's unemployment rate is 8.5% compared to Venezuela's 5.3%.
Detailed Comparison
| Metric | Turkey | Venezuela |
|---|---|---|
| Minimum wage /hr | ₺164.94 $3.59 | Bs.D0.68 $0.02 |
| Minimum wage /day | — | Bs.D5.42 $0.15 |
| Minimum wage /mo | ₺33,030 $719.70 | Bs.D130 $3.56 |
| Minimum wage /yr | ₺396,360 $8,636.42 | — |
| Avg. gross salary /mo | ₺25,482 /mo $555.24 | Bs.D500 /mo $13.70 |
| Avg. net salary /mo | ₺20,021 /mo $436.24 | N/A/mo |
Percentage differences are based on USD equivalent values. Positive means Turkey is higher.
Work Week
- Turkey
-
45 hrs/wk standard
Max 45 hrs/wk
Overtime : 1.5x pay
Standard workweek is 45 hours under the Labour Act (No. 4857). Can be distributed unevenly across days of the week, but no more than 11 hours/day. Overtime is limited to 270 hours/year. Overtime premium is 50%; weekend/holiday work is at 100% premium if the worker does not get a substitute rest day.
- 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 Turkey would see a 19191% increase in USD-equivalent hourly earnings. Standard work weeks differ: Turkey mandates 45 hours while Venezuela mandates 40 hours. A minimum wage worker's weekly earnings in Turkey are $162 vs $1 in Venezuela.
See this comparison from Venezuela's perspective: Venezuela vs Turkey
Compare Turkey with...
Turkey vs United States $ 7.25 /hr 
Turkey vs China ¥ 25 /hr 
Turkey vs Germany € 13.9 /hr 
Turkey vs United Kingdom £ 12.71 /hr 
Turkey vs India ₹ 4,576 /mo 
Turkey vs Japan ¥ 1,121 /hr 
Turkey vs France € 12.02 /hr 
Turkey vs South Korea ₩ 10,320 /hr 
Turkey vs Canada C$ 18.1 /hr 
Turkey vs Australia A$ 24.95 /hr 
Turkey vs Brazil R$ 7.37 /hr 
Turkey vs Russia ₽ 156.31 /hr 
Turkey vs Mexico MX$ 9,583.52 /mo 
Turkey vs Indonesia Rp 33,058 /hr 
Turkey vs Netherlands € 14.71 /hr 
Turkey vs Saudi Arabia ﷼ 23.08 /hr 
Turkey vs Taiwan NT$ 190 /hr 
Turkey vs Switzerland 
Turkey vs Poland zł 31.4 /hr 
Turkey vs Thailand ฿ 10,400 /mo 
Turkey vs Sweden 
Turkey vs Argentina ARS 1,762 /hr 
Turkey vs Singapore 
Turkey vs Norway Frequently Asked Questions
Is the minimum wage higher in Turkey or Venezuela?
In Turkey, the minimum wage is ₺164.94/hr ($3.59 USD). In Venezuela, it is Bs.D0.68/hr ($0.02 USD). Turkey has the higher rate by 19191% 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 Turkey compared to Venezuela?
The average gross salary in Turkey is ₺25,482/mo ($555.24 USD), compared to Bs.D500/mo ($13.70 USD) in Venezuela. In USD terms, workers in Turkey earn approximately 3953% more. Average salaries reflect the full labor market, not just the minimum wage floor. The gap between Turkey and Venezuela is shaped by differences in industry composition, labor productivity, and the overall cost of living in each country. Workers in Turkey earn more in nominal terms, though how far that income stretches depends on local prices in Venezuela.
How do work hours compare between Turkey and Venezuela?
Turkey has a longer standard work week at 45 hours, compared to 40 hours in Venezuela. Workers in Turkey work 45 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.