Minimum Wages in Venezuela remained unchanged at 13000000 VEF/Month in 2024 from 13000000 VEF/Month in 2023. Minimum Wages in Venezuela averaged 884384.29 VEF/Month from 1989 until 2024, reaching an all time high of 13000000.00 VEF/Month in 2022 and a record low of 4.00 VEF/Month in 1989. source: Venezuela Central Bank
Minimum Wages in Venezuela is expected to reach 13000000.00 VEF/Month by the end of 2024, according to Trading Economics global macro models and analysts expectations. In the long-term, the Venezuela Minimum Monthly Wages is projected to trend around 13000000.00 VEF/Month in 2025, 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 | 13000000.00 | 13000000.00 | VEF/Month | Jan 2024 |
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 | ||
|---|---|---|---|---|---|---|---|---|
| 13000000.00 | 13000000.00 | 13000000.00 | 4.00 | 1989 - 2024 | VEF/Month | Yearly |
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