Venezuela Average Nominal Monthly Wages - Forecast

Wages in Venezuela is expected to be 3570.32 VEF/Month by the end of this quarter, 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 10929.31 VEF/Month in 2020, according to our econometric models.


Venezuela Average Nominal Monthly Wages
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Venezuela Labour Last Q3/18 Q4/18 Q1/19 Q2/19 2020
Unemployment Rate 7.3 30 30 40 40 36
Employed Persons 13089081 1200000 1200000 1000000 1000000 1000000
Unemployed Persons 1035238 5000000 6500000 8000000 8500000 9500000
Minimum Wages 5196000 7000000 9000000 10000000 12000000 15000000
Population 31.43 31.74 31.74 31.95 31.95 33
Employment Rate 92.67 80 80 75 75 70