Venezuela Sweden

Updated 2026-05-04

Venezuela

Minimum Wage

Bs.D0.68 /hr

$0.02 USD

Avg. Gross Salary

Bs.D500 /mo

Sweden

No statutory minimum wage

Avg. Gross Salary

kr40,000 /mo

Avg. salary: -100% Venezuela vs Sweden

Unlike Sweden, which has no statutory minimum wage, Venezuela mandates a wage floor of $0/hr. Average gross salaries diverge further: $14/mo in Venezuela versus $4,318/mo in Sweden, a 315.2:1 ratio. Venezuela has the tighter labor market, with unemployment at 5.3% compared to 8.7%.

Venezuela's unemployment rate is 5.3% compared to Sweden's 8.7%.

Detailed Comparison

Detailed wage comparison between Venezuela and Sweden
Metric	Venezuela	Sweden	Diff
Minimum wage /hr	Bs.D0.68 $0.02	None	—
Minimum wage /day	Bs.D5.42 $0.15	None	—
Minimum wage /mo	Bs.D130 $3.56	None	—
Avg. gross salary /mo	Bs.D500 /mo $13.70	kr40,000 /mo $4,317.74	-99.7%
Avg. net salary /mo	N/A/mo	kr30,000 /mo $3,238.31	—
Median individual income /yr	N/A/yr	kr367,000 /yr $39,615.29	—

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.
Sweden: 40 hrs/wk standard

Max 48 hrs/wk

Standard workweek is 40 hours (Working Hours Act / Arbetstidslagen). Maximum overtime is 48 hours over 4 weeks or 200 hours per calendar year. Overtime compensation is determined by collective agreements, not statute. Many agreements provide overtime at 150-200% of normal pay. EU Working Time Directive limits average to 48 hrs/week.

See this comparison from Sweden's perspective: Sweden 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 Argentina ARS 1,762 /hr

Venezuela vs Singapore

Venezuela vs Norway

Frequently Asked Questions

Is the minimum wage higher in Venezuela or Sweden?

In Venezuela, the minimum wage is Bs.D0.68/hr ($0.02 USD). In Sweden, it is no statutory minimum wage.

How much less does the average worker earn in Venezuela compared to Sweden?

The average gross salary in Venezuela is Bs.D500/mo ($13.70 USD), compared to kr40,000/mo ($4,317.74 USD) in Sweden. In USD terms, workers in Venezuela earn approximately 31420% less. Average salaries reflect the full labor market, not just the minimum wage floor. The gap between Venezuela and Sweden is shaped by differences in industry composition, labor productivity, and the overall cost of living in each country. Workers in Sweden 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 Sweden?

Both Venezuela and Sweden 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.