Key Facts: Ukraine vs Venezuela Wages
- Ukraine Minimum Wage
- ₴48/hr ($1.15 USD)
- Venezuela Minimum Wage
- Bs.D0.68/hr ($0.02 USD)
- Ukraine Avg. Gross Monthly Salary
- ₴20,000 /mo ($478.47 USD)
- Venezuela Avg. Gross Monthly Salary
- Bs.D500 /mo ($13.70 USD)
- Data Sources
- Ministry of Economy of Ukraine / State Statistics Service (2026-02-24), 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)
Ukraine 
Venezuela
Updated 2026-05-04
The minimum wage in Ukraine is roughly 62 times higher than in Venezuela in USD terms, reflecting the gap between a lower-middle-income and a upper-middle-income economy. Average gross salaries diverge further: $478/mo in Ukraine versus $14/mo in Venezuela, a 34.9:1 ratio. Venezuela has the tighter labor market, with unemployment at 5.3% compared to 9.8%.
Ukraine's unemployment rate is 9.8% compared to Venezuela's 5.3%.
Detailed Comparison
| Metric | Ukraine | Venezuela |
|---|---|---|
| Minimum wage /hr | ₴48 $1.15 | Bs.D0.68 $0.02 |
| Minimum wage /day | ₴266.67 $6.38 | Bs.D5.42 $0.15 |
| Minimum wage /mo | ₴8,000 $191.39 | Bs.D130 $3.56 |
| Minimum wage /yr | ₴96,000 $2,296.65 | — |
| Avg. gross salary /mo | ₴20,000 /mo $478.47 | Bs.D500 /mo $13.70 |
| Avg. net salary /mo | ₴16,400 /mo $392.34 | N/A/mo |
| Median individual income /yr | ₴120,000 /yr $2,870.81 | N/A/yr |
Percentage differences are based on USD equivalent values. Positive means Ukraine is higher.
Work Week
- Ukraine
-
40 hrs/wk standard
Max 40 hrs/wk
Overtime : 2x pay
Labour Code sets standard working time at 40 hours/week. Overtime is compensated at double the normal rate and limited to 4 hours over 2 consecutive days, 120 hours/year. Under martial law (from Feb 2022), employers may increase working hours to 60/week and suspend certain labour protections with government approval.
- 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 Ukraine would see a 6064% increase in USD-equivalent hourly earnings.
See this comparison from Venezuela's perspective: Venezuela vs Ukraine
Compare Ukraine with...
Ukraine vs United States $ 7.25 /hr 
Ukraine vs China ¥ 25 /hr 
Ukraine vs Germany € 13.9 /hr 
Ukraine vs United Kingdom £ 12.71 /hr 
Ukraine vs India ₹ 4,576 /mo 
Ukraine vs Japan ¥ 1,121 /hr 
Ukraine vs France € 12.02 /hr 
Ukraine vs South Korea ₩ 10,320 /hr 
Ukraine vs Canada C$ 18.1 /hr 
Ukraine vs Australia A$ 24.95 /hr 
Ukraine vs Brazil R$ 7.37 /hr 
Ukraine vs Russia ₽ 156.31 /hr 
Ukraine vs Mexico MX$ 9,583.52 /mo 
Ukraine vs Indonesia Rp 33,058 /hr 
Ukraine vs Netherlands € 14.71 /hr 
Ukraine vs Saudi Arabia ﷼ 23.08 /hr 
Ukraine vs Turkey ₺ 164.94 /hr 
Ukraine vs Taiwan NT$ 190 /hr 
Ukraine vs Switzerland 
Ukraine vs Poland zł 31.4 /hr 
Ukraine vs Thailand ฿ 10,400 /mo 
Ukraine vs Sweden 
Ukraine vs Argentina ARS 1,762 /hr 
Ukraine vs Singapore Frequently Asked Questions
Is the minimum wage higher in Ukraine or Venezuela?
In Ukraine, the minimum wage is ₴48/hr ($1.15 USD). In Venezuela, it is Bs.D0.68/hr ($0.02 USD). Ukraine has the higher rate by 6064% 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 Ukraine compared to Venezuela?
The average gross salary in Ukraine is ₴20,000/mo ($478.47 USD), compared to Bs.D500/mo ($13.70 USD) in Venezuela. In USD terms, workers in Ukraine earn approximately 3393% more. Average salaries reflect the full labor market, not just the minimum wage floor. The gap between Ukraine and Venezuela is shaped by differences in industry composition, labor productivity, and the overall cost of living in each country. Workers in Ukraine earn more in nominal terms, though how far that income stretches depends on local prices in Venezuela.
How do work hours compare between Ukraine and Venezuela?
Both Ukraine 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.