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

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;

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.

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.

The United States topped the list in 2018 for the country with the highest gap between CEO and worker pay. In that year, for every U.S. dollar an average worker received, the average CEO earned 265 U.S. dollars. India, the United Kingdom, South Africa, and the Netherlands rounded out the top five for countries with the highest CEO to worker pay.

The 99 percent

It is a well-known issue that wages for average workers in the United States have been stagnating. Average hourly earnings for American employees, which have been hovering just below 11 U.S. dollars, have not gone up by much over the past year. The federal minimum wage in the United States has been 2.13 U.S. dollars for tipped workers and 7.25 U.S. dollars for non-tipped workers since 2009 and would be much higher today if minimum wage was adjusted for inflation.

The one percent

The gap between normal workers and CEOs is particularly high in the U.S. The richest CEO in 2018 was Elon Musk, with an annual compensation of about 2.84 billion U.S. dollars. America is also home to the world’s richest man, Jeff Bezos, who is the head of Amazon.com.

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;