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.

Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Please Paste this Code in your Website
Venezuela Minimum Monthly Wages

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.
Actual Previous Highest Lowest Dates Unit Frequency
12600000.00 7000000.00 12600000.00 4.00 1989 - 2022 VEF/Month Monthly