Key Facts: Turkmenistan vs Venezuela Wages
- Turkmenistan Minimum Wage
- T1,160/mo ($331.43 USD)
- Venezuela Minimum Wage
- Bs.D0.68/hr ($0.02 USD)
- Turkmenistan Avg. Gross Monthly Salary
- T2,500 /mo ($714.29 USD)
- Venezuela Avg. Gross Monthly Salary
- Bs.D500 /mo ($13.70 USD)
- Data Sources
- ILO ILOSTAT / World Bank / Turkmenistan government sources (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)
Turkmenistan 
Venezuela
Updated 2026-05-04
The minimum wage in Turkmenistan is roughly 17790 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: $714/mo in Turkmenistan versus $14/mo in Venezuela, a 52.1:1 ratio.
Turkmenistan's unemployment rate is 4.3% compared to Venezuela's 5.3%.
Detailed Comparison
| Metric | Turkmenistan | Venezuela |
|---|---|---|
| Minimum wage /hr | — | Bs.D0.68 $0.02 |
| Minimum wage /day | — | Bs.D5.42 $0.15 |
| Minimum wage /mo | T1,160 $331.43 | Bs.D130 $3.56 |
| Avg. gross salary /mo | T2,500 /mo $714.29 | Bs.D500 /mo $13.70 |
| Median individual income /yr | T30,000 /yr $8,571.43 | N/A/yr |
Percentage differences are based on USD equivalent values. Positive means Turkmenistan is higher.
Work Week
- Turkmenistan
-
40 hrs/wk standard
Max 48 hrs/wk
Overtime : 1.5x pay
Labour Code sets 40 hours/week (8 hours/day, 5 days). Saturday and Sunday are rest days. State-sector employees work standard government hours. The gas industry may have different shift arrangements.
- 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 Turkmenistan would see a 1778892% increase in USD-equivalent hourly earnings.
See this comparison from Venezuela's perspective: Venezuela vs Turkmenistan
Compare Turkmenistan with...
Turkmenistan vs United States $ 7.25 /hr 
Turkmenistan vs China ¥ 25 /hr 
Turkmenistan vs Germany € 13.9 /hr 
Turkmenistan vs United Kingdom £ 12.71 /hr 
Turkmenistan vs India ₹ 4,576 /mo 
Turkmenistan vs Japan ¥ 1,121 /hr 
Turkmenistan vs France € 12.02 /hr 
Turkmenistan vs South Korea ₩ 10,320 /hr 
Turkmenistan vs Canada C$ 18.1 /hr 
Turkmenistan vs Australia A$ 24.95 /hr 
Turkmenistan vs Brazil R$ 7.37 /hr 
Turkmenistan vs Russia ₽ 156.31 /hr 
Turkmenistan vs Mexico MX$ 9,583.52 /mo 
Turkmenistan vs Indonesia Rp 33,058 /hr 
Turkmenistan vs Netherlands € 14.71 /hr 
Turkmenistan vs Saudi Arabia ﷼ 23.08 /hr 
Turkmenistan vs Turkey ₺ 164.94 /hr 
Turkmenistan vs Taiwan NT$ 190 /hr 
Turkmenistan vs Switzerland 
Turkmenistan vs Poland zł 31.4 /hr 
Turkmenistan vs Thailand ฿ 10,400 /mo 
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Turkmenistan vs Singapore Frequently Asked Questions
Is the minimum wage higher in Turkmenistan or Venezuela?
In Turkmenistan, the minimum wage is T1,160/mo ($331.43 USD). In Venezuela, it is Bs.D0.68/hr ($0.02 USD). Turkmenistan has the higher rate by 1778892% 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 Turkmenistan compared to Venezuela?
The average gross salary in Turkmenistan is T2,500/mo ($714.29 USD), compared to Bs.D500/mo ($13.70 USD) in Venezuela. In USD terms, workers in Turkmenistan earn approximately 5114% more. Average salaries reflect the full labor market, not just the minimum wage floor. The gap between Turkmenistan and Venezuela is shaped by differences in industry composition, labor productivity, and the overall cost of living in each country. Workers in Turkmenistan earn more in nominal terms, though how far that income stretches depends on local prices in Venezuela.
How do work hours compare between Turkmenistan and Venezuela?
Both Turkmenistan 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.