Monthly minimum wage, per capita in Venezuela
Venezuela: Monthly minimum wage, per capita was 0 units per person in 2024. ◆ Volatile
Monthly minimum wage, per capita in Venezuela, 1995–2024
Source: Statizoid (derived). Measured in units per person.
Analysis
The most recent figure for monthly minimum wage, per capita in Venezuela is 0 units per person, measured in 2024.
The figure is down 0.4% on the previous year and down 95.4% over ten years.
Over the whole period, monthly minimum wage, per capita in Venezuela peaked at 1.41 units per person in 2020 and was at its lowest, 0 units per person, in 1995.
Venezuela ranks 166th of 170 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Monthly minimum wage, per capita in Venezuela, year by year
| Year | units per person | Change |
|---|---|---|
| 1995 | 0 units per person | — |
| 1996 | 0 units per person | +62.2% |
| 1997 | 0 units per person | +38.6% |
| 1998 | 0 units per person | +30.7% |
| 1999 | 0 units per person | +17.7% |
| 2000 | 0 units per person | +17.7% |
| 2001 | 0 units per person | +7.7% |
| 2002 | 0 units per person | +18.1% |
| 2003 | 0 units per person | +27.7% |
| 2004 | 0 units per person | +27.7% |
| 2005 | 0 units per person | +24.1% |
| 2006 | 0 units per person | +24.4% |
| 2007 | 0 units per person | +18.3% |
| 2008 | 0 units per person | +28.0% |
| 2009 | 0 units per person | +19.5% |
| 2010 | 0 units per person | +24.8% |
| 2011 | 0.0001 units per person | +24.9% |
| 2012 | 0.0001 units per person | +30.6% |
| 2013 | 0.0001 units per person | +43.4% |
| 2018 | 0.0151 units per person | +15089.3% |
| 2019 | 0.3888 units per person | +2475.1% |
| 2020 | 1.41 units per person | +261.7% |
| 2021 | 0.2479 units per person | -82.4% |
| 2022 | 0 units per person | -100.0% |
| 2023 | 0 units per person | -0.3% |
| 2024 | 0 units per person | -0.4% |
Venezuela compared with similar countries
- Venezuela's 0 units per person is below the median for lower middle income countries, which is 0.0009 units per person, 0% of the median. (42 countries reporting)
- Venezuela's 0 units per person is below the median for Latin America & Caribbean, which is 0.0027 units per person, 0% of the median. (32 countries reporting)
Biggest year-on-year movements
Years where Monthly minimum wage, per capita in Venezuela changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2018 | +15089.3% | 0.0001 units per person | 0.0151 units per person |
| 2019 | +2475.1% | 0.0151 units per person | 0.3888 units per person |
| 2020 | +261.7% | 0.3888 units per person | 1.41 units per person |
| 2022 | -100.0% | 0.2479 units per person | 0 units per person |
| 2021 | -82.4% | 1.41 units per person | 0.2479 units per person |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0 units per person | 0 units per person | 0 units per person | 5 |
| 2000s | 0 units per person | 0 units per person | 0 units per person | 10 |
| 2010s | 0.0674 units per person | 0 units per person | 0.3888 units per person | 6 |
| 2020s | 0.3308 units per person | 0 units per person | 1.41 units per person | 5 |
Countries ranked near Venezuela
More work & labour data for Venezuela
- Persons outside the labour force (ILO modelled estimates) 10,601 (2027)
- Labour force participation rate (ILO modelled estimates) 51.65 (2027)
- Labour force (ILO modelled estimates) 11,326 (2027)
- Unemployment rate (ILO modelled estimates) 5.73 (2027)
- Labour dependency ratio 1.69 (2027)
- Output per worker, GDP constant 2021 international $ at PPP 30,625 (2027)
- Output per worker, GDP constant 2015 US $ 10,899 (2027)
- Employment-to-population ratio (ILO modelled estimates) 48.69 (2027)
- Persons outside the labour force (ILO modelled estimates) (15+) 1.43 % change on previous year (2027)
- Labour force (ILO modelled estimates) (15+), annual growth rate 0.9762 % change on previous year (2027)
Frequently asked questions
- What is monthly minimum wage, per capita in Venezuela?
- Monthly minimum wage, per capita in Venezuela was 0 units per person in 2024, according to Statizoid (derived).
- What is the highest monthly minimum wage, per capita recorded in Venezuela?
- The highest recorded value was 1.41 units per person in 2020.
- What is the lowest monthly minimum wage, per capita recorded in Venezuela?
- The lowest recorded value was 0 units per person in 1995.
- How does Venezuela rank for monthly minimum wage, per capita?
- Venezuela ranks 166th out of 170 countries with data for 2024.
- Is monthly minimum wage, per capita rising or falling in Venezuela?
- Over the last ten years it is down 95.4%. The long-run trend across the full record is volatile.
- Where does this Venezuela data come from?
- The figures come from Statizoid (derived), published as part of Monthly minimum wage, per capita. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 26 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
Monthly minimum wage divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Monthly minimum wage ÷ Population, total
Computed from
- Monthly minimum wage International Labour Organization
- Population, total World Population Prospects, United Nations (UN)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Monthly minimum wage divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.