Key Facts: United Kingdom vs Venezuela Wages
- United Kingdom Minimum Wage
- £12.71/hr ($17.11 USD)
- Venezuela Minimum Wage
- Bs.D0.68/hr ($0.02 USD)
- United Kingdom Avg. Gross Monthly Salary
- £3,253 /mo ($4,379.96 USD)
- Venezuela Avg. Gross Monthly Salary
- Bs.D500 /mo ($13.70 USD)
- Data Sources
- UK Government / Low Pay Commission (2026-06-01), 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)
United Kingdom 
Venezuela
Updated 2026-06-01
The minimum wage in the United Kingdom is roughly 919 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: $4,380/mo in the United Kingdom versus $14/mo in Venezuela, a 319.7:1 ratio.
The United Kingdom's unemployment rate is 4.8% compared to Venezuela's 5.3%.
Detailed Comparison
| Metric | United Kingdom | Venezuela |
|---|---|---|
| Minimum wage /hr | £12.71 $17.11 | Bs.D0.68 $0.02 |
| Minimum wage /day | — | Bs.D5.42 $0.15 |
| Minimum wage /mo | £2,203.07 $2,966.30 | Bs.D130 $3.56 |
| Minimum wage /yr | £26,436.80 $35,595.53 | — |
| Avg. gross salary /mo | £3,253 /mo $4,379.96 | Bs.D500 /mo $13.70 |
| Avg. net salary /mo | £2,636 /mo $3,549.21 | N/A/mo |
| Median individual income /yr | £28,000 /yr $37,700.28 | N/A/yr |
Percentage differences are based on USD equivalent values. Positive means United Kingdom is higher.
Work Week
- United Kingdom
-
40 hrs/wk standard
Max 48 hrs/wk
Working Time Regulations limit average to 48 hrs/week (opt-out available). No statutory overtime rate; overtime pay is set by contract.
- 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 the United Kingdom would see a 91758% increase in USD-equivalent hourly earnings.
See this comparison from Venezuela's perspective: Venezuela vs United Kingdom
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Is the minimum wage higher in United Kingdom or Venezuela?
In the United Kingdom, the minimum wage is £12.71/hr ($17.11 USD). In Venezuela, it is Bs.D0.68/hr ($0.02 USD). United Kingdom has the higher rate by 91758% 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 United Kingdom compared to Venezuela?
The average gross salary in the United Kingdom is £3,253/mo ($4,379.96 USD), compared to Bs.D500/mo ($13.70 USD) in Venezuela. In USD terms, workers in the United Kingdom earn approximately 31874% more. Average salaries reflect the full labor market, not just the minimum wage floor. The gap between United Kingdom and Venezuela is shaped by differences in industry composition, labor productivity, and the overall cost of living in each country. Workers in the United Kingdom earn more in nominal terms, though how far that income stretches depends on local prices in Venezuela.
How do work hours compare between United Kingdom and Venezuela?
Both United Kingdom 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.