Venezuela Austria

Updated 2026-05-04

Venezuela

Minimum Wage

Bs.D0.68 /hr

$0.02 USD

Avg. Gross Salary

Bs.D500 /mo

Austria

No statutory minimum wage

Avg. Gross Salary

€3,800 /mo

Avg. salary: -100% Venezuela vs Austria

Unlike Austria, which has no statutory minimum wage, Venezuela mandates a wage floor of $0/hr. Average gross salaries diverge further: $14/mo in Venezuela versus $4,425/mo in Austria, a 323.0:1 ratio.

Venezuela's unemployment rate is 5.3% compared to Austria's 5.6%.

Detailed Comparison

Detailed wage comparison between Venezuela and Austria
Metric	Venezuela	Austria	Diff
Minimum wage /hr	Bs.D0.68 $0.02	None	—
Minimum wage /day	Bs.D5.42 $0.15	None	—
Minimum wage /mo	Bs.D130 $3.56	None	—
Avg. gross salary /mo	Bs.D500 /mo $13.70	€3,800 /mo $4,425.29	-99.7%
Avg. net salary /mo	N/A/mo	€2,500 /mo $2,911.38	—
Median individual income /yr	N/A/yr	€33,500 /yr $39,012.46	—

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.
Austria: 40 hrs/wk standard

Max 48 hrs/wk

Overtime : 1.5x pay

Standard workweek is 40 hours (Arbeitszeitgesetz). Daily maximum is 8 hours (normal) or 10 hours (with overtime). Since 2018, daily working time can be extended to 12 hours and weekly to 60 hours in exceptional cases with compensatory rest. Overtime is compensated at 150% or with time off in lieu (1:1.5). EU Working Time Directive limits average to 48 hrs/week.

See this comparison from Austria's perspective: Austria vs Venezuela

Compare Venezuela with...

Venezuela vs United States $ 7.25 /hr

Venezuela vs China ¥ 25 /hr

Venezuela vs Germany € 13.9 /hr

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 Australia A$ 24.95 /hr

Venezuela vs Brazil R$ 7.37 /hr

Venezuela vs Russia ₽ 156.31 /hr

Venezuela vs Mexico MX$ 9,583.52 /mo

Venezuela vs Indonesia Rp 33,058 /hr

Venezuela vs Netherlands € 14.71 /hr

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

Venezuela vs Argentina ARS 1,762 /hr

Venezuela vs Singapore

Frequently Asked Questions

Is the minimum wage higher in Venezuela or Austria?

In Venezuela, the minimum wage is Bs.D0.68/hr ($0.02 USD). In Austria, it is no statutory minimum wage.

How much less does the average worker earn in Venezuela compared to Austria?

The average gross salary in Venezuela is Bs.D500/mo ($13.70 USD), compared to €3,800/mo ($4,425.29 USD) in Austria. In USD terms, workers in Venezuela earn approximately 32205% less. Average salaries reflect the full labor market, not just the minimum wage floor. The gap between Venezuela and Austria is shaped by differences in industry composition, labor productivity, and the overall cost of living in each country. Workers in Austria 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 Austria?

Both Venezuela and Austria 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.