Venezuela Mexico

Updated 2026-05-04

Venezuela

Minimum Wage

Bs.D0.68 /hr

$0.02 USD

Avg. Gross Salary

Bs.D500 /mo

Mexico

Minimum Wage

MX$9,583.52 /mo

$553.10 USD

Avg. Gross Salary

MX$16,500 /mo

Min wage: -100% Venezuela vs Mexico Avg. salary: -99% Venezuela vs Mexico

The minimum wage in Venezuela is roughly 29688 times lower than in Mexico in USD terms, reflecting the gap between a upper-middle-income and a upper-middle-income economy. Average gross salaries diverge further: $14/mo in Venezuela versus $952/mo in Mexico, a 69.5:1 ratio. Mexico has the tighter labor market, with unemployment at 2.7% compared to 5.3%.

Venezuela's unemployment rate is 5.3% compared to Mexico's 2.7%.

Detailed Comparison

Detailed wage comparison between Venezuela and Mexico
Metric	Venezuela	Mexico	Diff
Minimum wage /hr	Bs.D0.68 $0.02	—	—
Minimum wage /day	Bs.D5.42 $0.15	MX$315.04 $18.18	-99.2%
Minimum wage /mo	Bs.D130 $3.56	MX$9,583.52 $553.10	-99.4%
Minimum wage /yr	—	MX$114,989.60 $6,636.44	—
Avg. gross salary /mo	Bs.D500 /mo $13.70	MX$16,500 /mo $952.27	-98.6%
Avg. net salary /mo	N/A/mo	MX$14,200 /mo $819.53	—
Median individual income /yr	N/A/yr	MX$96,000 /yr $5,540.49	—

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.
Mexico: 48 hrs/wk standard

Max 48 hrs/wk

Overtime : 2x pay

Standard workweek is 48 hours (daytime). Night shift maximum is 42 hours, mixed shift 45 hours. First 9 hours of overtime per week at 200% rate; beyond that at 300%. A 2023 reform discussion to reduce to 40 hours is pending.

What This Means for Workers

A minimum wage worker in Venezuela earns 2968732% less per hour in USD terms than one in Mexico. Standard work weeks differ: Venezuela mandates 40 hours while Mexico mandates 48 hours. A minimum wage worker's weekly earnings in Venezuela are $1 vs $26,549 in Mexico.

See this comparison from Mexico's perspective: Mexico 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 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

Venezuela vs Norway

Frequently Asked Questions

Is the minimum wage higher in Venezuela or Mexico?

In Venezuela, the minimum wage is Bs.D0.68/hr ($0.02 USD). In Mexico, it is MX$9,583.52/mo ($553.10 USD). Mexico has the higher rate by 2968732% 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 Mexico?

The average gross salary in Venezuela is Bs.D500/mo ($13.70 USD), compared to MX$16,500/mo ($952.27 USD) in Mexico. In USD terms, workers in Venezuela earn approximately 6852% less. Average salaries reflect the full labor market, not just the minimum wage floor. The gap between Venezuela and Mexico is shaped by differences in industry composition, labor productivity, and the overall cost of living in each country. Workers in Mexico 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 Mexico?

Mexico has a longer standard work week at 48 hours, compared to 40 hours in Venezuela. Workers in Venezuela work 40 hours per week by law. Longer mandatory hours can offset a nominally higher wage; a worker in Venezuela 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.