In the timeframe presented, there has been a general uptick in the average monthly salary for Venezuelan employees, peaking at ******* USD in July 2024.

Minimum Wages in Venezuela remained unchanged at 13000000 VEF/Month in 2025 from 13000000 VEF/Month in 2024. This dataset provides - Venezuela Minimum Wages- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Costa Rica is the country with the highest minimum monthly wage in Latin America. According to the minimum salary established by law as of January 2025, workers in the Central American country enjoy a basic monthly wage of over 726 U.S. dollars, an increase of 2.37 percent compared to the previous year. They also earn over 200 U.S. dollars more than the second place, Uruguay. On the other side of the spectrum is Venezuela, where employees are only guaranteed by law a minimum salary of 130 bolívares or little more than 2.50 dollars per month. Can Latin Americans survive on a minimum wage? Even if most countries in Latin America have instated laws to guarantee citizens a basic income, these minimum standards are often not enough to meet household needs. For instance, it was estimated that almost 25 million people in Mexico lacked basic housing services. Salary levels also vary greatly among Latin American economies. In 2020, the average net monthly salary in Mexico was barely higher than Chile's minimum wage in 2021. What can a minimum wage afford in Latin America? Latin American real wages have generally risen in the past decade. However, consumers in this region still struggle to afford non-basic goods, such as tech products. Recent estimates reveal that, in order to buy an iPhone, Brazilian residents would have to work at least two months to be able to pay for it. A gaming console, on the other hand, could easily cost a Latin American worker several minimum wages.

Explore the progression of average salaries for graduates in Universidad Central De Venezuela Nucle Barquisimeto from 2020 to 2023 through this detailed chart. It compares these figures against the national average for all graduates, offering a comprehensive look at the earning potential of Universidad Central De Venezuela Nucle Barquisimeto relative to other fields. This data is essential for students assessing the return on investment of their education in Universidad Central De Venezuela Nucle Barquisimeto, providing a clear picture of financial prospects post-graduation.

Explore the progression of average salaries for graduates in High School Graduate And Also Lawyer In Venezuela from 2020 to 2023 through this detailed chart. It compares these figures against the national average for all graduates, offering a comprehensive look at the earning potential of High School Graduate And Also Lawyer In Venezuela relative to other fields. This data is essential for students assessing the return on investment of their education in High School Graduate And Also Lawyer In Venezuela, providing a clear picture of financial prospects post-graduation.

Uruguay was the Latin American country with the highest average monthly salary as of 2024, with a net value of around ***** U.S. dollars per month, followed by Costa Rica, with *** U.S. dollars per month. Employment development areas in Latin America Following the recuperation in this sector after the job losses endured throughout the COVID-19 pandemic, the unemployment rate persists in its endeavor to stabilize. Informal employment remains as the predominant actor across most Latin American countries, serving as a primary avenue for economic sustenance. Notably, the construction sector has experienced substantial growth, outpacing other relevant industries like tourism and hospitality. Poverty Throughout the past two decades, poverty levels in Latin America remain unchanged. Honduras takes the lead as the country bearing the highest poverty rate, with nearly half of its population dwelling in these circumstances. Across the region, the prevalent delineation is that of individuals classified within the non-extreme and lower-middle poverty strata, characterized by modest income levels.

Venezuela VE: GDP: USD: Gross National Income per Capita: Atlas Method data was reported at 12,780.000 USD in 2014. This records an increase from the previous number of 11,760.000 USD for 2013. Venezuela VE: GDP: USD: Gross National Income per Capita: Atlas Method data is updated yearly, averaging 3,230.000 USD from Dec 1962 (Median) to 2014, with 53 observations. The data reached an all-time high of 12,780.000 USD in 2014 and a record low of 920.000 USD in 1966. Venezuela VE: GDP: USD: Gross National Income per Capita: Atlas Method data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Venezuela – Table VE.World Bank: Gross Domestic Product: Nominal. GNI per capita (formerly GNP per capita) is the gross national income, converted to U.S. dollars using the World Bank Atlas method, divided by the midyear population. GNI is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad. GNI, calculated in national currency, is usually converted to U.S. dollars at official exchange rates for comparisons across economies, although an alternative rate is used when the official exchange rate is judged to diverge by an exceptionally large margin from the rate actually applied in international transactions. To smooth fluctuations in prices and exchange rates, a special Atlas method of conversion is used by the World Bank. This applies a conversion factor that averages the exchange rate for a given year and the two preceding years, adjusted for differences in rates of inflation between the country, and through 2000, the G-5 countries (France, Germany, Japan, the United Kingdom, and the United States). From 2001, these countries include the Euro area, Japan, the United Kingdom, and the United States.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted Average;

Venezuela Balance of Payments: Current Account: Income: Compensation of Employees data was reported at -27.000 USD mn in 2014. This records a decrease from the previous number of -24.000 USD mn for 2013. Venezuela Balance of Payments: Current Account: Income: Compensation of Employees data is updated yearly, averaging -10.000 USD mn from Dec 1997 (Median) to 2014, with 18 observations. The data reached an all-time high of -4.000 USD mn in 2002 and a record low of -27.000 USD mn in 2014. Venezuela Balance of Payments: Current Account: Income: Compensation of Employees data remains active status in CEIC and is reported by Central Bank of Venezuela. The data is categorized under Global Database’s Venezuela – Table VE.JB002: Balance of Payments: Annual.

Adjusted net national income per capita (annual % growth) in Venezuela was reported at --18.65 % in 2014, according to the World Bank collection of development indicators, compiled from officially recognized sources. Venezuela - Adjusted net national income per capita (annual % growth) - actual values, historical data, forecasts and projections were sourced from the World Bank on June of 2025.

Venezuela: Income from natural resources, percent of GDP: The latest value from 2014 is 11.85 percent, a decline from 17.63 percent in 2013. In comparison, the world average is 6.39 percent, based on data from 193 countries. Historically, the average for Venezuela from 1970 to 2014 is 18.56 percent. The minimum value, 5.49 percent, was reached in 1970 while the maximum of 36.48 percent was recorded in 1979.

Venezuela: Bank non-interest income to total income, in percent: The latest value from 2021 is 72.88 percent, an increase from 58.17 percent in 2020. In comparison, the world average is 38.13 percent, based on data from 133 countries. Historically, the average for Venezuela from 2000 to 2021 is 36.62 percent. The minimum value, 22.43 percent, was reached in 2014 while the maximum of 72.88 percent was recorded in 2021.

Venezuela VE: Wage And Salary Workers: Modeled ILO Estimate: Male: % of Male Employment data was reported at 63.122 % in 2017. This records a decrease from the previous number of 63.971 % for 2016. Venezuela VE: Wage And Salary Workers: Modeled ILO Estimate: Male: % of Male Employment data is updated yearly, averaging 64.082 % from Dec 1991 (Median) to 2017, with 27 observations. The data reached an all-time high of 65.221 % in 2014 and a record low of 62.273 % in 2004. Venezuela VE: Wage And Salary Workers: Modeled ILO Estimate: Male: % of Male Employment data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Venezuela – Table VE.World Bank: Employment and Unemployment. Wage and salaried workers (employees) are those workers who hold the type of jobs defined as 'paid employment jobs,' where the incumbents hold explicit (written or oral) or implicit employment contracts that give them a basic remuneration that is not directly dependent upon the revenue of the unit for which they work.; ; International Labour Organization, ILOSTAT database. Data retrieved in November 2017.; Weighted average; Data up to 2016 are estimates while data from 2017 are projections.

Venezuela: Bank cost to income ratio, in percent: The latest value from 2021 is 77.95 percent, an increase from 64.72 percent in 2020. In comparison, the world average is 54.80 percent, based on data from 133 countries. Historically, the average for Venezuela from 2000 to 2021 is 61.25 percent. The minimum value, 51.33 percent, was reached in 2014 while the maximum of 77.95 percent was recorded in 2021.

Adjusted net national income (annual % growth) in Venezuela was reported at --17.72 % in 2014, according to the World Bank collection of development indicators, compiled from officially recognized sources. Venezuela - Adjusted net national income (annual % growth) - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

As of May 2022, the price of one liter of gasoline in Nicaragua represented around ** percent of the average daily income of individuals in the country, more than in any other Latin American country that year. On the other side of the spectrum, one liter of gasoline in Venezuela cost some *** percent of the average daily income in the country. This can be contextualized as relating to the fact that Venezuela accounts for the largest share of global oil reserves.

In 2021, Venezuela scored 0.617 in the gender gap index area of economic participation and opportunity. This means that women are at approximately 38 percent disadvantage in the sector of economic opportunities in comparison to men. More specifically, that year, the country scored 0.43 in estimated earned income, which shows that, on average, women in Venezuela only earn 43 percent of the income earned by men.

Venezuela National Disposable Income data was reported at 1,880,602.924 VES th in 2017. This records an increase from the previous number of 261,538.616 VES th for 2016. Venezuela National Disposable Income data is updated yearly, averaging 4,653.584 VES th from Dec 1997 (Median) to 2017, with 21 observations. The data reached an all-time high of 1,880,602.924 VES th in 2017 and a record low of 383.818 VES th in 1997. Venezuela National Disposable Income data remains active status in CEIC and is reported by Central Bank of Venezuela. The data is categorized under Global Database’s Venezuela – Table VE.A005: SNA 1993: GDP: National Income: Bolivar Soberano.

Venezuela VE: GDP: Net Primary Income from Abroad data was reported at -257,099.413 VEF mn in 2016. This records a decrease from the previous number of -181,039.960 VEF mn for 2015. Venezuela VE: GDP: Net Primary Income from Abroad data is updated yearly, averaging -3.270 VEF mn from Dec 1950 (Median) to 2016, with 67 observations. The data reached an all-time high of 4,292.498 VEF mn in 2007 and a record low of -257,099.413 VEF mn in 2016. Venezuela VE: GDP: Net Primary Income from Abroad data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Venezuela – Table VE.IMF.IFS: Gross Domestic Product: by Expenditure: Annual.

Venezuela VE: Wage And Salaried Workers: Modeled ILO Estimate: % of Total Employment data was reported at 64.128 % in 2017. This records a decrease from the previous number of 65.724 % for 2016. Venezuela VE: Wage And Salaried Workers: Modeled ILO Estimate: % of Total Employment data is updated yearly, averaging 65.763 % from Dec 1991 (Median) to 2017, with 27 observations. The data reached an all-time high of 67.656 % in 2014 and a record low of 63.440 % in 2004. Venezuela VE: Wage And Salaried Workers: Modeled ILO Estimate: % of Total Employment data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Venezuela – Table VE.World Bank.WDI: Employment and Unemployment. Wage and salaried workers (employees) are those workers who hold the type of jobs defined as 'paid employment jobs,' where the incumbents hold explicit (written or oral) or implicit employment contracts that give them a basic remuneration that is not directly dependent upon the revenue of the unit for which they work.; ; International Labour Organization, ILOSTAT database. Data retrieved in September 2018.; Weighted average; Data up to 2016 are estimates while data from 2017 are projections.

Venezuela Balance of Payments: Current Account: Goods, Services and Income data was reported at -17.953 USD bn in 2015. This records a decrease from the previous number of 3.816 USD bn for 2014. Venezuela Balance of Payments: Current Account: Goods, Services and Income data is updated yearly, averaging 6.485 USD bn from Dec 1997 (Median) to 2015, with 19 observations. The data reached an all-time high of 32.230 USD bn in 2008 and a record low of -17.953 USD bn in 2015. Venezuela Balance of Payments: Current Account: Goods, Services and Income data remains active status in CEIC and is reported by Central Bank of Venezuela. The data is categorized under Global Database’s Venezuela – Table VE.JB002: Balance of Payments: Annual.