Venezuela Russia

Updated 2026-05-27

Venezuela

Minimum Wage

Bs.D0.68 /hr

$0.02 USD

Avg. Gross Salary

Bs.D500 /mo

Russia

Minimum Wage

₽156.31 /hr

$1.61 USD

Avg. Gross Salary

₽100,316 /mo

Min wage: -99% Venezuela vs Russia Avg. salary: -99% Venezuela vs Russia

The minimum wage in Venezuela is roughly 86 times lower than in Russia 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 $1,034/mo in Russia, a 75.5:1 ratio. Russia has the tighter labor market, with unemployment at 2.1% compared to 5.3%.

Venezuela's unemployment rate is 5.3% compared to Russia's 2.1%.

Detailed Comparison

Detailed wage comparison between Venezuela and Russia
Metric	Venezuela	Russia	Diff
Minimum wage /hr	Bs.D0.68 $0.02	₽156.31 $1.61	-98.8%
Minimum wage /day	Bs.D5.42 $0.15	—	—
Minimum wage /mo	Bs.D130 $3.56	₽27,093 $279.31	-98.7%
Minimum wage /yr	—	₽325,116 $3,351.71	—
Avg. gross salary /mo	Bs.D500 /mo $13.70	₽100,316 /mo $1,034.19	-98.7%
Avg. net salary /mo	N/A/mo	₽87,275 /mo $899.74	—
Median individual income /yr	N/A/yr	₽880,800 /yr $9,080.41	—

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.
Russia: 40 hrs/wk standard

Max 40 hrs/wk

Overtime : 1.5x pay

Labour Code sets 40 hrs/week standard. Reduced hours for certain categories: under-16 (24 hrs), 16-18 (35 hrs), hazardous work (36 hrs). First 2 hours of overtime: 1.5x; subsequent hours: 2.0x. Overtime limited to 4 hrs over 2 consecutive days, 120 hrs/year. Public holidays (14 per year) are paid non-working days.

• WAGE TRAJECTORY (USD/hr)

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

Year	Venezuela (USD)	Russia (USD)
2019	—	$116/hr
2020	$10959/hr	$125/hr
2021	$0.27/hr	$132/hr
2022	$3.56/hr	$158/hr
2023	$3.56/hr	$167/hr
2024	$3.56/hr	$198/hr
2025	$3.56/hr	$231/hr
2026	$3.56/hr	$279/hr

What This Means for Workers

A minimum wage worker in Venezuela earns 8550% less per hour in USD terms than one in Russia.

See this comparison from Russia's perspective: Russia 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 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

Venezuela vs Norway

Frequently Asked Questions

Is the minimum wage higher in Venezuela or Russia?

In Venezuela, the minimum wage is Bs.D0.68/hr ($0.02 USD). In Russia, it is ₽156.31/hr ($1.61 USD). Russia has the higher rate by 8550% 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 Russia?

The average gross salary in Venezuela is Bs.D500/mo ($13.70 USD), compared to ₽100,316/mo ($1,034.19 USD) in Russia. In USD terms, workers in Venezuela earn approximately 7450% less. Average salaries reflect the full labor market, not just the minimum wage floor. The gap between Venezuela and Russia is shaped by differences in industry composition, labor productivity, and the overall cost of living in each country. Workers in Russia 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 Russia?

Both Venezuela and Russia 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.