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

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.

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;

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 Balance of Payments: Current Account: Income: Investment Income data was reported at -8.348 USD bn in 2014. This records an increase from the previous number of -8.683 USD bn for 2013. Venezuela Balance of Payments: Current Account: Income: Investment Income data is updated yearly, averaging -2.516 USD bn from Dec 1997 (Median) to 2014, with 18 observations. The data reached an all-time high of 522.000 USD mn in 2007 and a record low of -11.079 USD bn in 2012. Venezuela Balance of Payments: Current Account: Income: Investment 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.

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.

Venezuela Balance of Payments: Current Account: Income: Investment Income: Other Investment data was reported at -1.558 USD bn in 2014. This records a decrease from the previous number of -1.338 USD bn for 2013. Venezuela Balance of Payments: Current Account: Income: Investment Income: Other Investment data is updated yearly, averaging 232.500 USD mn from Dec 1997 (Median) to 2014, with 18 observations. The data reached an all-time high of 3.583 USD bn in 2007 and a record low of -1.558 USD bn in 2014. Venezuela Balance of Payments: Current Account: Income: Investment Income: Other Investment 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.

Venezuela Balance of Payments: Current Account: Income: Investment Income: Direct Investment data was reported at -2.226 USD bn in 2014. This records an increase from the previous number of -2.761 USD bn for 2013. Venezuela Balance of Payments: Current Account: Income: Investment Income: Direct Investment data is updated yearly, averaging -2.386 USD bn from Dec 1997 (Median) to 2014, with 18 observations. The data reached an all-time high of -493.000 USD mn in 1999 and a record low of -5.415 USD bn in 2012. Venezuela Balance of Payments: Current Account: Income: Investment Income: Direct Investment 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.

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.

Czech Republic CZ: Foreign Direct Investment Income: Outward: USD: Total: Venezuela data was reported at 0.000 USD mn in 2023. This stayed constant from the previous number of 0.000 USD mn for 2022. Czech Republic CZ: Foreign Direct Investment Income: Outward: USD: Total: Venezuela data is updated yearly, averaging 0.000 USD mn from Dec 2013 (Median) to 2023, with 11 observations. The data reached an all-time high of 0.000 USD mn in 2023 and a record low of 0.000 USD mn in 2023. Czech Republic CZ: Foreign Direct Investment Income: Outward: USD: Total: Venezuela data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Czech Republic – Table CZ.OECD.FDI: Foreign Direct Investment Income: USD: by Region and Country: OECD Member: Annual. Reverse investment: Netting of reverse investment in equity (when a direct investment enterprise acquires less than 10% equity ownership in its parent) and reverse investment in debt (when a direct investment enterprise extends a loan to its parent) is not applied in the recording of total inward and outward FDi transactions and positions. Such cases have never been observed. Treatment of debt FDI transactions and positions between fellow enterprises: directional basis according to the residency of the direct investor. Resident Special Purpose Entities (SPEs) do not exist or are not significant and are recorded as zero in the FDI database. Valuation method used for listed inward and outward equity positions: Own funds at book value. Valuation method used for unlisted inward and outward equity positions: Own funds at book value. Valuation method used for inward and outward debt positions: Nominal value.; FDI statistics are available by geographic allocation, vis-à-vis single partner countries worldwide and geographical and economic zones aggregates. Partner country allocation can be subject to confidentiality restrictions. Geographic allocation of inward and outward FDI transactions and positions is according to the immediate counterparty. Inward FDI positions according to the ultimate counterparty (the ultimate investing country) are also available and publishable. In the dataset 'FDI statistics by parner country and by industry - Summary', inward FDI positions are showed according to the UIC. Intercompany debt between related financial intermediaries, including permanent debt, are excluded from FDI transactions and positions. Direct investment relationships are identified according to the criteria of the Framework for Direct Investment Relationships (FDIR) method. Debt between fellow enterprises are completely covered. Collective investment institutions are covered as direct investment enterprises. FDI statistics are available by industry sectors according to ISIC4 classification. Industry sector allocation can be subject to confidentiality restrictions. Inward FDI transactions and positions are allocated to the activity of the resident direct investment enterprise. Outward FDI transactions are allocated according to the activity of the non resident direct investment enterprise. Outward FDI positions are allocated according to the activity of the non resident direct investment enterprise. Statistical unit: Enterprise.

Slovakia SK: Foreign Direct Investment Income: Inward: USD: Total: Venezuela data was reported at 0.000 USD mn in 2023. This stayed constant from the previous number of 0.000 USD mn for 2022. Slovakia SK: Foreign Direct Investment Income: Inward: USD: Total: Venezuela data is updated yearly, averaging 0.000 USD mn from Dec 2014 (Median) to 2023, with 9 observations. The data reached an all-time high of 0.000 USD mn in 2023 and a record low of 0.000 USD mn in 2023. Slovakia SK: Foreign Direct Investment Income: Inward: USD: Total: Venezuela data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Slovakia – Table SK.OECD.FDI: Foreign Direct Investment Income: USD: by Region and Country: OECD Member: Annual. Treatment of debt FDI transactions and positions between fellow enterprises: directional basis according to the residency of the ultimate controlling parent (extended directional principle). Resident Special Purpose Entities (SPEs) do not exist or are not significant and are recorded as zero in the FDI database. Valuation method used for listed inward and outward equity positions: Market value, Own funds at book value. Valuation method used for unlisted inward and outward equity positions: Own funds at book value. Valuation method used for inward and outward debt positions: Nominal value.; FDI statistics are available by geographic allocation, vis-à-vis single partner countries worldwide and geographical and economic zones aggregates. Partner country allocation can be subject to confidentiality restrictions. Geographic allocation of inward and outward FDI transactions and positions is according to the immediate counterparty. Intercompany debt between related financial intermediaries, including permanent debt, are excluded from FDI transactions and positions. Direct investment relationships are identified according to the criteria of the Framework for Direct Investment Relationships (FDIR) method. Debt between fellow enterprises are completely covered. Collective investment institutions are not covered as direct investment enterprises. Non-profit institutions serving households are covered as direct investors. FDI statistics are available by industry sectors according to ISIC4 classification. Industry sector allocation can be subject to confidentiality restrictions. Inward FDI transactions and positions are allocated to the activity of the resident direct investment enterprise. Outward FDI transactions are allocated according to the activity of the non resident direct investment enterprise. Outward FDI positions are allocated according to the activity of the non resident direct investment enterprise. Statistical unit: Unspecified.

Venezuela VE: GDP: 2010 Price: USD: Adjusted Net National Income per Capita data was reported at 9,884.755 USD in 2014. This records a decrease from the previous number of 11,700.485 USD for 2013. Venezuela VE: GDP: 2010 Price: USD: Adjusted Net National Income per Capita data is updated yearly, averaging 7,198.209 USD from Dec 1970 (Median) to 2014, with 45 observations. The data reached an all-time high of 13,801.416 USD in 2008 and a record low of 6,115.494 USD in 1971. Venezuela VE: GDP: 2010 Price: USD: Adjusted Net National Income per Capita 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: Gross Domestic Product: Real. Adjusted net national income is GNI minus consumption of fixed capital and natural resources depletion.; ; World Bank staff estimates based on sources and methods in World Bank's 'The Changing Wealth of Nations: Measuring Sustainable Development in the New Millennium' (2011).; Weighted average;