Venezuela Palestine

Updated 2026-05-04

Venezuela

Minimum Wage

Bs.D0.68 /hr

$0.02 USD

Avg. Gross Salary

Bs.D500 /mo

Palestine

Minimum Wage

₪1,880 /mo

$667.73 USD

Avg. Gross Salary

₪3,200 /mo

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

The minimum wage in Venezuela is roughly 35842 times lower than in Palestine in USD terms, reflecting the gap between a upper-middle-income and a lower-middle-income economy. Average gross salaries diverge further: $14/mo in Venezuela versus $1,137/mo in Palestine, a 83.0:1 ratio. Venezuela has the tighter labor market, with unemployment at 5.3% compared to 24.4%.

Venezuela's unemployment rate is 5.3% compared to Palestine's 24.4%.

Detailed Comparison

Detailed wage comparison between Venezuela and Palestine
Metric	Venezuela	Palestine	Diff
Minimum wage /hr	Bs.D0.68 $0.02	—	—
Minimum wage /day	Bs.D5.42 $0.15	₪86 $30.55	-99.5%
Minimum wage /mo	Bs.D130 $3.56	₪1,880 $667.73	-99.5%
Avg. gross salary /mo	Bs.D500 /mo $13.70	₪3,200 /mo $1,136.57	-98.8%

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.
Palestine: 45 hrs/wk standard

Max 54 hrs/wk

Overtime : 1.25x pay

Palestinian Labour Law sets 45 hours/week maximum ordinary time (8 hours/day, 6 days). Overtime payable at 1.25x. Friday is the weekly rest day. Workers employed in Israel work under Israeli labour law (which has different provisions). The conflict beginning October 2023 has fundamentally disrupted normal labour conditions across the territory.

What This Means for Workers

A minimum wage worker in Venezuela earns 3584051% less per hour in USD terms than one in Palestine. Standard work weeks differ: Venezuela mandates 40 hours while Palestine mandates 45 hours. A minimum wage worker's weekly earnings in Venezuela are $1 vs $30,048 in Palestine.

See this comparison from Palestine's perspective: Palestine 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 Palestine?

In Venezuela, the minimum wage is Bs.D0.68/hr ($0.02 USD). In Palestine, it is ₪1,880/mo ($667.73 USD). Palestine has the higher rate by 3584051% 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 Palestine?

The average gross salary in Venezuela is Bs.D500/mo ($13.70 USD), compared to ₪3,200/mo ($1,136.57 USD) in Palestine. In USD terms, workers in Venezuela earn approximately 8197% less. Average salaries reflect the full labor market, not just the minimum wage floor. The gap between Venezuela and Palestine is shaped by differences in industry composition, labor productivity, and the overall cost of living in each country. Workers in Palestine 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 Palestine?

Palestine has a longer standard work week at 45 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.