Key Facts: Venezuela vs United Kingdom Wages
- Venezuela Minimum Wage
- Bs.D0.68/hr ($0.02 USD)
- United Kingdom Minimum Wage
- £12.71/hr ($17.11 USD)
- Venezuela Avg. Gross Monthly Salary
- Bs.D500 /mo ($13.70 USD)
- United Kingdom Avg. Gross Monthly Salary
- £3,253 /mo ($4,379.96 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), UK Government / Low Pay Commission (2026-06-01)
Venezuela 
United Kingdom
Updated 2026-06-01
The minimum wage in Venezuela is roughly 919 times lower than in the United Kingdom in USD terms, reflecting the gap between a upper-middle-income and a high-income economy. Average gross salaries diverge further: $14/mo in Venezuela versus $4,380/mo in the United Kingdom, a 319.7:1 ratio.
Venezuela's unemployment rate is 5.3% compared to the United Kingdom's 4.8%.
Detailed Comparison
| Metric | Venezuela | United Kingdom |
|---|---|---|
| Minimum wage /hr | Bs.D0.68 $0.02 | £12.71 $17.11 |
| Minimum wage /day | Bs.D5.42 $0.15 | — |
| Minimum wage /mo | Bs.D130 $3.56 | £2,203.07 $2,966.30 |
| Minimum wage /yr | — | £26,436.80 $35,595.53 |
| Avg. gross salary /mo | Bs.D500 /mo $13.70 | £3,253 /mo $4,379.96 |
| Avg. net salary /mo | N/A/mo | £2,636 /mo $3,549.21 |
| Median individual income /yr | N/A/yr | £28,000 /yr $37,700.28 |
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.
- United Kingdom
-
40 hrs/wk standard
Max 48 hrs/wk
Working Time Regulations limit average to 48 hrs/week (opt-out available). No statutory overtime rate; overtime pay is set by contract.
• WAGE TRAJECTORY (USD/hr)
What This Means for Workers
A minimum wage worker in Venezuela earns 91758% less per hour in USD terms than one in the United Kingdom.
See this comparison from United Kingdom's perspective: United Kingdom 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 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 
Venezuela vs Norway Frequently Asked Questions
Is the minimum wage higher in Venezuela or United Kingdom?
In Venezuela, the minimum wage is Bs.D0.68/hr ($0.02 USD). In the United Kingdom, it is £12.71/hr ($17.11 USD). United Kingdom has the higher rate by 91758% 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 United Kingdom?
The average gross salary in Venezuela is Bs.D500/mo ($13.70 USD), compared to £3,253/mo ($4,379.96 USD) in the United Kingdom. In USD terms, workers in Venezuela earn approximately 31874% less. Average salaries reflect the full labor market, not just the minimum wage floor. The gap between Venezuela and United Kingdom is shaped by differences in industry composition, labor productivity, and the overall cost of living in each country. Workers in the United Kingdom 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 United Kingdom?
Both Venezuela and United Kingdom 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.