Venezuela Minimum Monthly Wages  1989-2016 | Data | Chart | Calendar

Minimum Wages in Venezuela increased to 90812.10 VEF/Month in October from 65056.73 VEF/Month in September of 2016. Minimum Wages in Venezuela averaged 7977.07 VEF/Month from 1989 until 2016, reaching an all time high of 90812.10 VEF/Month in October of 2016 and a record low of 4.00 VEF/Month in January of 1989.

Venezuela Minimum Monthly Wages
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Venezuela Labour Last Previous Highest Lowest Unit
Unemployment Rate 7.30 7.10 20.70 5.50 percent [+]
Employed Persons 13089081.00 13127644.00 13607057.00 8505814.00 [+]
Unemployed Persons 1035238.00 1000943.00 2406251.00 760063.00 [+]
Wages 1881.49 1478.46 1881.49 41.36 VEF/Month [+]
Minimum Wages 90812.10 65056.73 90812.10 4.00 VEF/Month [+]
Population 30.62 30.21 30.62 7.58 Million [+]
Employment Rate 92.67 92.92 94.47 79.30 percent [+]



Venezuela Minimum Monthly Wages Notes

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. This page provides - Venezuela Minimum Wages- actual values, historical data, forecast, chart, statistics, economic calendar and news. Venezuela Minimum Monthly Wages - actual data, historical chart and calendar of releases - was last updated on December of 2016.

Actual Previous Highest Lowest Dates Unit Frequency
90812.10 65056.73 90812.10 4.00 1989 - 2016 VEF/Month Monthly



Last
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Papua New Guinea 128.00 Mar/16
Paraguay 1824.06 Oct/16
Peru 850.00 Oct/16
Poland 417.02 Dec/16
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Russia 7500.00 Jul/16
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South Korea 6030.00 Jan/16
Spain 764.40 Dec/16
Taiwan 20008.00 Dec/15
Thailand 300.00 Dec/15
Turkey 1647.00 Jun/16
United Kingdom 7.20 Apr/16
United States 7.25 Dec/15
Venezuela 90812.10 Oct/16
Vietnam 3500.00 Jan/16