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 July 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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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