Venezuela tiene el salario mínimo más bajo de la región: compare el ingreso con otros países The minimum wage in most Latin American countries averages around $400, but Venezuela’s has fallen to less than a dollar, frozen since March 2022. Despite having the world’s largest proven oil reserves, Venezuela’s minimum wage is lower than Cuba’s, where it’s about $5. Countries like Uruguay ($620) and Chile ($598) have significantly higher minimum wages.

• Venezuela’s minimum wage is less than $1 per month, frozen at 130 bolivars since March 2022.
• This is the lowest in Latin America, even below Cuba’s minimum wage of approximately $5.
• Uruguay and Chile have the highest minimum wages in the region, at $620 and $598 respectively.
• Colombia’s minimum wage increased by 23.7% to $535.
• Mexico’s daily minimum wage ranges between $456 and $470.
• Brazil’s minimum wage is $295.
• Argentina’s minimum wage is around $228.
• Peru’s minimum wage is $334.5.
• Paraguay’s minimum wage is $437.42.
• Dominican Republic’s minimum wage ranges from $270 to $475 depending on company size.
• Costa Rica’s minimum wages are around $600 by occupation.
• Guatemala’s minimum wage is $469.
• Honduras’ minimum wage ranges from $460 to $638.
• Panama’s minimum wage is $341.12.
• Venezuela’s government offers ‘indexed bonuses’ that raise the average income to $50-$110, which is insufficient for a $500 monthly food basket.