Key Facts: Venezuela vs North Macedonia Wages
- Venezuela Minimum Wage
- Bs.D0.68/hr ($0.02 USD)
- North Macedonia Minimum Wage
- ден207/hr ($3.95 USD)
- Venezuela Avg. Gross Monthly Salary
- Bs.D500 /mo ($13.70 USD)
- North Macedonia Avg. Gross Monthly Salary
- ден55,000 /mo ($1,050.62 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), Ministry of Labour and Social Policy of North Macedonia (2026-02-25)
Venezuela 
North Macedonia
Updated 2026-05-04
The minimum wage in Venezuela is roughly 212 times lower than in North Macedonia 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 $1,051/mo in North Macedonia, a 76.7:1 ratio. Venezuela has the tighter labor market, with unemployment at 5.3% compared to 12.3%.
Venezuela's unemployment rate is 5.3% compared to North Macedonia's 12.3%.
Detailed Comparison
| Metric | Venezuela | North Macedonia |
|---|---|---|
| Minimum wage /hr | Bs.D0.68 $0.02 | ден207 $3.95 |
| Minimum wage /day | Bs.D5.42 $0.15 | — |
| Minimum wage /mo | Bs.D130 $3.56 | ден36,037 $688.39 |
| Minimum wage /yr | — | ден432,444 $8,260.63 |
| Avg. gross salary /mo | Bs.D500 /mo $13.70 | ден55,000 /mo $1,050.62 |
| Avg. net salary /mo | N/A/mo | ден38,000 /mo $725.88 |
| Median individual income /yr | N/A/yr | ден264,000 /yr $5,042.98 |
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.
- North Macedonia
-
40 hrs/wk standard
Max 48 hrs/wk
Overtime : 1.35x pay
Labour Relations Law sets standard workweek at 40 hours (8 hrs/day). Overtime limited to 8 hours per week, up to 190 hours per year. Overtime premium at least 35%. Night work (22:00-06:00) premium at least 35%. Work on rest days and holidays at least 50% premium.
• WAGE TRAJECTORY (USD/hr)
What This Means for Workers
A minimum wage worker in Venezuela earns 21125% less per hour in USD terms than one in North Macedonia.
See this comparison from North Macedonia's perspective: North Macedonia 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 North Macedonia?
In Venezuela, the minimum wage is Bs.D0.68/hr ($0.02 USD). In North Macedonia, it is ден207/hr ($3.95 USD). North Macedonia has the higher rate by 21125% 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 North Macedonia?
The average gross salary in Venezuela is Bs.D500/mo ($13.70 USD), compared to ден55,000/mo ($1,050.62 USD) in North Macedonia. In USD terms, workers in Venezuela earn approximately 7570% less. Average salaries reflect the full labor market, not just the minimum wage floor. The gap between Venezuela and North Macedonia is shaped by differences in industry composition, labor productivity, and the overall cost of living in each country. Workers in North Macedonia 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 North Macedonia?
Both Venezuela and North Macedonia 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.