Venezuela Minimum Monthly Wages  1989-2017 | Data | Chart | Calendar

Minimum Wages in Venezuela increased to 250532 VEF/Month in July from 200021 VEF/Month in May of 2017. Minimum Wages in Venezuela averaged 18813.39 VEF/Month from 1989 until 2017, reaching an all time high of 250532 VEF/Month in July of 2017 and a record low of 4 VEF/Month in January of 1989.

Venezuela Minimum Monthly Wages
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Venezuela Labour Last Previous Highest Lowest Unit
Unemployment Rate 7.30 7.10 20.70 5.50 percent [+]
Employed Persons 13089081.00 13127644.00 13607057.00 8505814.00 [+]
Unemployed Persons 1035238.00 1000943.00 2406251.00 760063.00 [+]
Wages 1881.49 1478.46 1881.49 41.36 VEF/Month [+]
Minimum Wages 250532.00 200021.00 250532.00 4.00 VEF/Month [+]
Population 31.03 30.62 31.03 7.58 Million [+]
Employment Rate 92.67 92.92 94.47 79.30 percent [+]


Venezuela Minimum Monthly Wages

In Venezuela, minimum wage refers to the lowest gross wage per month. There is also a minimum wage set for apprentices and pensioners. A Christmas bonus - Aguinaldo -(from 15 days to 4 months' pay) and a vacation bonus are compulsory for all employees. This page provides - Venezuela Minimum Wages- actual values, historical data, forecast, chart, statistics, economic calendar and news. Venezuela Minimum Monthly Wages - actual data, historical chart and calendar of releases - was last updated on October of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
250532.00 200021.00 250532.00 4.00 1989 - 2017 VEF/Month Monthly




minimum wages by Country

Last
Australia 694.90 Jul/17
Brazil 937.00 Sep/17
Canada 11.40 Jan/17
China 2300.00 Apr/17
France 1480.27 Jun/17
Germany 8.84 Jan/17
Indonesia 3.35 Jan/17
Japan 823.00 Dec/17
Mexico 80.04 Sep/17
Netherlands 1551.60 Jun/17
Russia 7500.00 Jan/17
South Korea 6470.00 Jan/17
Spain 825.65 Jun/17
Turkey 1777.50 Jan/17
United Kingdom 7.50 Apr/17
United States 7.25 Dec/17