Wages in Venezuela increased to 3050 VEF/Month in 2012 from 2346 VEF/Month in 2011.

Wages in Venezuela averaged 780.44 VEF/Month from 1995 until 2012, reaching an all time high of 3050 VEF/Month in 2012 and a record low of 41.36 VEF/Month in 1995. This page provides - Venezuela Wage Index - actual values, historical data, forecast, chart, statistics, economic calendar and news. Venezuela Average Nominal Monthly Wages - values, historical data and charts - was last updated on October of 2020. source: Venezuela Central Bank

Wages in Venezuela is expected to reach 4244.47 VEF/Month by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Venezuela Average Nominal Monthly Wages is projected to trend around 10174.48 VEF/Month in 2021 and 10929.31 VEF/Month in 2022, according to our econometric models.

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Venezuela Average Nominal Monthly Wages

Actual Previous Highest Lowest Dates Unit Frequency
3050.00 2346.00 3050.00 41.36 1995 - 2012 VEF/Month Yearly

Venezuela Labour Last Previous Highest Lowest Unit
Unemployment Rate 6.40 7.30 20.70 5.50 percent [+]
Employed Persons 15011108.00 14715518.00 15011108.00 8505814.00 [+]
Unemployed Persons 1018421.00 1166087.00 2406251.00 760063.00 [+]
Minimum Wages 400000.00 250000.00 5196000.00 4.00 VEF/Month [+]
Population 32.22 31.83 32.22 7.58 Million [+]
Employment Rate 93.65 92.66 94.47 79.30 percent [+]