Venezuela Minimum Monthly WagesNovember 2022 Data - 1989-2021 Historical

Name: Venezuela Minimum Monthly Wages
Creator: TRADING ECONOMICS
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Keywords: Venezuela,Minimum Wages,data,chart,actual,historical,values,calendar,forecast,graph,2021,2022,2023

Minimum Wages in Venezuela increased to 12600000 VEF/Month in March from 7000000 VEF/Month in May of 2021. source: Venezuela Central Bank

Minimum Wages in Venezuela averaged 499521.30 VEF/Month from 1989 until 2022, reaching an all time high of 12600000 VEF/Month in March of 2022 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 December of 2022.

Minimum Wages in Venezuela is expected to be 12600000.00 VEF/Month by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Venezuela Minimum Monthly Wages is projected to trend around 12600000.00 VEF/Month in 2023, according to our econometric models.

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Related	Last	Previous	Unit	Reference
Wages	3050.00	2346.00	VEF/Month	Dec 2012
Minimum Wages	12600000.00	7000000.00	VEF/Month	Mar 2022

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.