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;

In 2019, Venezuela’s estimated gross domestic product (GDP) per capita dropped to 2,624.41 U.S. dollars from 3,529.72 U.S. dollars the year before. the country's GDP has been on a continuous downswing for about a decade now - in 2010, it amounted to more than 11,000 U.S. dollars, and seemed to recover from a sudden slump again in 2016, before decreasing rapidly ever since. GDP per capita is a measurement of a country’s economic output that accounts for its number of people, thus making it a good measurement of a country’s standard of living.

A time of economic hardships

Currently, a major economic crisis is shaking Venezuela, resulting in hyperinflation, food and water shortages, and unemployment. Venezuela’s inflation rate has skyrocketed to over 900,000 percent in 2018, and the economy is suffering, with the Venezuelan GDP growth decreasing substantially each year since 2014.

A population affected by instability

In response to the economic and political climate, many are leaving the country for places such as Colombia, Peru, and Ecuador, with hopes for more stability and better economic prospects. Due in part to this, Venezuela’s population growth has decreased consistently over the last five years: In 2019, the country’s population was around 28 million inhabitants - a figure that is estimated to decrease further in the future.

The Gross Domestic Product per capita in Venezuela was last recorded at 14025.36 US dollars in 2014. The GDP per Capita in Venezuela is equivalent to 111 percent of the world's average. This dataset provides - Venezuela GDP per capita - 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.

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: 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.

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.

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.

Venezuela: Cost of starting a business, % of income per capita: The latest value from 2019 is 211.8 percent of per capita GNI, a decline from 393 percent of per capita GNI in 2018. In comparison, the world average is 19.87 percent of per capita GNI, based on data from 185 countries. Historically, the average for Venezuela from 2003 to 2019 is 91.12 percent of per capita GNI. The minimum value, 10 percent of per capita GNI, was reached in 2007 while the maximum of 393 percent of per capita GNI was recorded in 2018.

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: 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 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 VE: GDP: GNI per Capita data was reported at 97,505.073 VEF in 2014. This records an increase from the previous number of 71,731.969 VEF for 2013. Venezuela VE: GDP: GNI per Capita data is updated yearly, averaging 34.386 VEF from Dec 1960 (Median) to 2014, with 55 observations. The data reached an all-time high of 97,505.073 VEF in 2014 and a record low of 3.301 VEF in 1961. Venezuela VE: GDP: GNI 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: Gross Domestic Product: Nominal. GNI per capita is gross national income divided by midyear population. GNI (formerly GNP) 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. Data are in current local currency.; ; World Bank national accounts data, and OECD National Accounts data files.; ;

Adjusted net national income per capita (current US$) in Venezuela was reported at 11724 USD in 2014, according to the World Bank collection of development indicators, compiled from officially recognized sources. Venezuela - Adjusted net national income per capita - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

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.

In 2024, the gross domestic product (GDP) per capita in Venezuela was estimated at approximately 4.51 thousand U.S. dollars. From 1980 to 2024, the figure dropped by around 160 U.S. dollars, though the decline followed an uneven course rather than a steady trajectory. Between 2024 and 2026, the GDP per capita will decrease by about 750 U.S. dollars.This indicator describes the gross domestic product per capita at current prices. Thereby, the gross domestic product was first converted from national currency to U.S. dollars at current exchange rates and then divided by the total population. The gross domestic product is a measure of a country's productivity. It refers to the total value of goods and service produced during a given time period (here a year).

Venezuela Central Government: Expenditure: Wages and Salaries data was reported at 3,458,650.872 VEF th in Sep 2010. This records an increase from the previous number of 2,055,063.834 VEF th for Jun 2010. Venezuela Central Government: Expenditure: Wages and Salaries data is updated quarterly, averaging 526,396.593 VEF th from Mar 1998 (Median) to Sep 2010, with 51 observations. The data reached an all-time high of 3,458,650.872 VEF th in Sep 2010 and a record low of 19,833.886 VEF th in Mar 2003. Venezuela Central Government: Expenditure: Wages and Salaries data remains active status in CEIC and is reported by Ministry of Economy, Finance and Public Banking. The data is categorized under Global Database’s Venezuela – Table VE.F005: Central Government: Expenditure: Quarterly.

Venezuela: External debt, percent of Gross National Income: The latest value from 2014 is 33.74 percent, a decline from 42.84 percent in 2013. In comparison, the world average is 46.35 percent, based on data from 120 countries. Historically, the average for Venezuela from 1970 to 2014 is 43.85 percent. The minimum value, 8.31 percent, was reached in 1975 while the maximum of 78.65 percent was recorded in 1989.

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.