Minimum Wages in Venezuela increased to 250000 VEF/Month on Januaryr 1st 2020 from 150000 VEF/Month in October, according with the decree published in the Official Gazette. It is the first hike this year.
Minimum Wages in Venezuela averaged 109178051.92 VEF/Month from 1989 until 2019, reaching an all time high of 4000000000 VEF/Month in April of 2019 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 June of 2020. source: Venezuela Central Bank
Minimum Wages in Venezuela is expected to be 250000.00 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 950000.00 VEF/Month in 2021 and 1150000.00 VEF/Month in 2022, according to our econometric models.