Venezuela : the average salary in the country in usd is below the average salary in most other countries of our database. The purchasing power of residents in Venezuela is on a par with that of people living in the countries listed below. Countries near Venezuela are Chile with an average salary $33 961.57, Brazil with $29 059.20 and Jamaica with $27 691.67 a year. Above these countries are Mexico at $25 770.12, Panama at $24 586.72 and Dominican Republic at $23 014.30 a year respectively. It is interesting to know why such discrepance ?
Numbers as of November 2018 show that the average salary in Venezuela is 3,982.06 USD per month (1.903,736 VEF per year). The national minimum wage in Venezuela is currently 6,085,868.00 bolivares a year (Bolívares fuertes). A lot of the time Venezuelan incomes are measured in bolivares so for comparison purposes with other countries we have translated the minimum wage into dollars and euros:
Venezuela’s all-consuming economic crisis means that workers, who know exactly how much their pay will buy them on the black market, are taking big hits on their salary. For example, an architect with 10 years of experience earns about 8.6 billion bolivares per month at the black market rate, the equivalent of just $9 a month in the US.
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Average salary in venezuela in usd
Salaries in Venezuela vary depending on experience, skills and location. Of course this salary will not allow you to live like a king or queen in Venezuela and you will have to supplement your salary with other sources of income. But with this information you should be able to negotiate a good salary for yourself when starting out as a web developer in Venezuela in 2018.
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Colombia and Venezuela are in important geographical positions and the migration to these two countries is of a great importance due to proximity.
