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Key Facts: Venezuela vs Peru Wages

Venezuela Minimum Wage
Bs.D0.68/hr ($0.02 USD)
Peru Minimum Wage
S/5.89/hr ($1.60 USD)
Venezuela Avg. Gross Monthly Salary
Bs.D500 /mo ($13.70 USD)
Peru Avg. Gross Monthly Salary
S/2,200 /mo ($597.83 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), Ministerio de Trabajo y Promoción del Empleo (MTPE); DS 006-2024-TR (1,130 PEN eff 2025-01-01); DS 003-2022-TR (1,025 PEN eff 2022-05-01) (2026-05-27)

Venezuela flag Venezuela Peru flag Peru

Updated 2026-05-27

Venezuela flag Venezuela

Minimum Wage

Bs.D0.68 /hr

$0.02 USD

Avg. Gross Salary

Bs.D500 /mo

Peru flag Peru

Minimum Wage

S/5.89 /hr

$1.60 USD

Avg. Gross Salary

S/2,200 /mo

Min wage: -99% Venezuela vs Peru Avg. salary: -98% Venezuela vs Peru

The minimum wage in Venezuela is roughly 86 times lower than in Peru 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 $598/mo in Peru, a 43.6:1 ratio.

Venezuela's unemployment rate is 5.3% compared to Peru's 5.1%.

Detailed Comparison

Detailed wage comparison between Venezuela and Peru
Metric Venezuela Peru
Minimum wage /hr Bs.D0.68 $0.02 S/5.89 $1.60
Minimum wage /day Bs.D5.42 $0.15 —
Minimum wage /mo Bs.D130 $3.56 S/1,130 $307.07
Minimum wage /yr — S/15,820 $4,298.91
Avg. gross salary /mo Bs.D500 /mo $13.70 S/2,200 /mo $597.83
Avg. net salary /mo N/A/mo S/1,870 /mo $508.15
Median individual income /yr N/A/yr S/15,600 /yr $4,239.13

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.

Peru

48 hrs/wk standard

Max 48 hrs/wk

Overtime : 1.25x pay

Constitution sets maximum at 48 hours/week, 8 hours/day (or 6 days at 8 hrs). Office workers commonly work 40-45 hrs. Overtime: first 2 hours at 125%, subsequent hours at 135%. Night shift (10pm-6am) receives a 35% surcharge.

• WAGE TRAJECTORY (USD/hr)

Venezuela Peru Source: wage.is · USD equivalent/hr

What This Means for Workers

A minimum wage worker in Venezuela earns 8491% less per hour in USD terms than one in Peru. Standard work weeks differ: Venezuela mandates 40 hours while Peru mandates 48 hours. A minimum wage worker's weekly earnings in Venezuela are $1 vs $77 in Peru.

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

Compare Venezuela with...

United States flag Venezuela vs United States $ 7.25 /hr China flag Venezuela vs China ¥ 25 /hr Germany flag Venezuela vs Germany € 13.9 /hr United Kingdom flag Venezuela vs United Kingdom £ 12.71 /hr India flag Venezuela vs India ₹ 4,576 /mo Japan flag Venezuela vs Japan ¥ 1,121 /hr France flag Venezuela vs France € 12.02 /hr South Korea flag Venezuela vs South Korea ₩ 10,320 /hr Canada flag Venezuela vs Canada C$ 18.1 /hr Australia flag Venezuela vs Australia A$ 24.95 /hr Brazil flag Venezuela vs Brazil R$ 7.37 /hr Russia flag Venezuela vs Russia ₽ 156.31 /hr Mexico flag Venezuela vs Mexico MX$ 9,583.52 /mo Indonesia flag Venezuela vs Indonesia Rp 33,058 /hr Netherlands flag Venezuela vs Netherlands € 14.71 /hr Saudi Arabia flag Venezuela vs Saudi Arabia ﷼ 23.08 /hr Turkey flag Venezuela vs Turkey ₺ 164.94 /hr Taiwan flag Venezuela vs Taiwan NT$ 190 /hr Switzerland flag Venezuela vs Switzerland Poland flag Venezuela vs Poland zł 31.4 /hr Thailand flag Venezuela vs Thailand ฿ 10,400 /mo Sweden flag Venezuela vs Sweden Argentina flag Venezuela vs Argentina ARS 1,762 /hr Singapore flag Venezuela vs Singapore

Frequently Asked Questions

Is the minimum wage higher in Venezuela or Peru?

In Venezuela, the minimum wage is Bs.D0.68/hr ($0.02 USD). In Peru, it is S/5.89/hr ($1.60 USD). Peru has the higher rate by 8491% 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 Peru?

The average gross salary in Venezuela is Bs.D500/mo ($13.70 USD), compared to S/2,200/mo ($597.83 USD) in Peru. In USD terms, workers in Venezuela earn approximately 4264% less. Average salaries reflect the full labor market, not just the minimum wage floor. The gap between Venezuela and Peru is shaped by differences in industry composition, labor productivity, and the overall cost of living in each country. Workers in Peru 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 Peru?

Peru 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.