Minimum Wages in Venezuela increased to 450000000 VEF/Month in December from 180000000 VEF/Month in September of 2018. Minimum Wages in Venezuela averaged 11254474.79 VEF/Month from 1989 until 2018, reaching an all time high of 450000000 VEF/Month in December of 2018 and a record low of 4 VEF/Month in January of 1989.
Minimum Wages in Venezuela is expected to be 180000000.00 VEF/Month by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Minimum Wages in Venezuela to stand at 190000000.00 in 12 months time. In the long-term, the Venezuela Minimum Monthly Wages is projected to trend around 190000000.00 VEF/Month in 2020, according to our econometric models.