Minimum Wages in Venezuela increased to 400000 VEF/Month in May from 250000 VEF/Month in January of 2020.
Minimum Wages in Venezuela averaged 199505.86 VEF/Month from 1989 until 2020, reaching an all time high of 5196000 VEF/Month in June of 2018 and a record low of 4 VEF/Month in January of 1989. This page provides - Venezuela Minimum Wages- actual values, historical data, forecast, chart, statistics, economic calendar and news. Venezuela Minimum Monthly Wages - values, historical data and charts - was last updated on October of 2020. source: Venezuela Central Bank
Minimum Wages in Venezuela is expected to be 400000.00 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 550000.00 in 12 months time. In the long-term, the Venezuela Minimum Monthly Wages is projected to trend around 750000.00 VEF/Month in 2021 and 950000.00 VEF/Month in 2022, according to our econometric models.