Key Facts: Venezuela vs Australia Wages
- Venezuela Minimum Wage
- Bs.D0.68/hr ($0.02 USD)
- Australia Minimum Wage
- A$24.95/hr ($17.90 USD)
- Venezuela Avg. Gross Monthly Salary
- Bs.D500 /mo ($13.70 USD)
- Australia Avg. Gross Monthly Salary
- A$7,833 /mo ($5,619.08 USD)
- Data Sources
- 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), Fair Work Commission / Fair Work Ombudsman (2026-05-27)
Venezuela 
Australia
Updated 2026-05-27
The minimum wage in Venezuela is roughly 961 times lower than in Australia in USD terms, reflecting the gap between a upper-middle-income and a high-income economy. Average gross salaries diverge further: $14/mo in Venezuela versus $5,619/mo in Australia, a 410.2:1 ratio.
Venezuela's unemployment rate is 5.3% compared to Australia's 4.1%.
Detailed Comparison
| Metric | Venezuela | Australia |
|---|---|---|
| Minimum wage /hr | Bs.D0.68 $0.02 | A$24.95 $17.90 |
| Minimum wage /day | Bs.D5.42 $0.15 | — |
| Minimum wage /mo | Bs.D130 $3.56 | A$4,108 $2,946.92 |
| Minimum wage /yr | — | A$49,296 $35,362.98 |
| Avg. gross salary /mo | Bs.D500 /mo $13.70 | A$7,833 /mo $5,619.08 |
| Avg. net salary /mo | N/A/mo | A$5,875 /mo $4,214.49 |
| Median individual income /yr | N/A/yr | A$67,600 /yr $48,493.54 |
Percentage differences are based on USD equivalent values. Positive means Venezuela is higher.
Work Week
- 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.
- Australia
-
38 hrs/wk standard
Max 38 hrs/wk
Overtime : 1.5x pay
Standard full-time workweek is 38 hours. Employers can request reasonable additional hours. Overtime and penalty rates vary by Modern Award.
• WAGE TRAJECTORY (USD/hr)
What This Means for Workers
A minimum wage worker in Venezuela earns 95971% less per hour in USD terms than one in Australia. Standard work weeks differ: Venezuela mandates 40 hours while Australia mandates 38 hours. A minimum wage worker's weekly earnings in Venezuela are $1 vs $680 in Australia.
See this comparison from Australia's perspective: Australia vs Venezuela
Compare Venezuela with...
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Venezuela vs China ¥ 25 /hr 
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Venezuela vs United Kingdom £ 12.71 /hr 
Venezuela vs India ₹ 4,576 /mo 
Venezuela vs Japan ¥ 1,121 /hr 
Venezuela vs France € 12.02 /hr 
Venezuela vs South Korea ₩ 10,320 /hr 
Venezuela vs Canada C$ 18.1 /hr 
Venezuela vs Brazil R$ 7.37 /hr 
Venezuela vs Russia ₽ 156.31 /hr 
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Venezuela vs Saudi Arabia ﷼ 23.08 /hr 
Venezuela vs Turkey ₺ 164.94 /hr 
Venezuela vs Taiwan NT$ 190 /hr 
Venezuela vs Switzerland 
Venezuela vs Poland zł 31.4 /hr 
Venezuela vs Thailand ฿ 10,400 /mo 
Venezuela vs Sweden 
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Venezuela vs Norway Frequently Asked Questions
Is the minimum wage higher in Venezuela or Australia?
In Venezuela, the minimum wage is Bs.D0.68/hr ($0.02 USD). In Australia, it is A$24.95/hr ($17.90 USD). Australia has the higher rate by 95971% 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 less does the average worker earn in Venezuela compared to Australia?
The average gross salary in Venezuela is Bs.D500/mo ($13.70 USD), compared to A$7,833/mo ($5,619.08 USD) in Australia. In USD terms, workers in Venezuela earn approximately 40919% less. Average salaries reflect the full labor market, not just the minimum wage floor. The gap between Venezuela and Australia is shaped by differences in industry composition, labor productivity, and the overall cost of living in each country. Workers in Australia earn more in nominal terms, though how far that income stretches depends on local prices in Venezuela.
How do work hours compare between Venezuela and Australia?
Venezuela has a longer standard work week at 40 hours, compared to 38 hours in Australia. Workers in Venezuela work 40 hours per week by law. Longer mandatory hours can offset a nominally higher wage; a worker in Australia 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.