What is the average pay in Venezuela?

What is the average salary in Venezuela?

In the long-term, the Venezuela Average Nominal Monthly Wages is projected to trend around 10174.48 VEF/Month in 2021 and 10929.31 VEF/Month in 2022, according to our econometric models.

What is the minimum wage in Venezuela 2021?

Latin America: minimum monthly wages in 2021, by country

On the other side of the spectrum is Venezuela, where employees are only guaranteed by law a minimum salary of 1.2 million bolívares or less than one dollar per month, according to Venezuela’s Central Bank exchange rate on January 14, 2021.

Is it expensive to live in Venezuela?

Family of four estimated monthly costs are 1,904$ without rent. A single person estimated monthly costs are 514$ without rent. Cost of living in Venezuela is, on average, 36.15% lower than in United States. Rent in Venezuela is, on average, 77.26% lower than in United States.

What’s the average salary in Venezuela in dollars?

According to the OVF (Venezuelan Finance Observatory) in a recent survey of more than three hundred companies, the average salary for workers is $53. Among professionals and technicians, the average is around $100 and that of the management of a company averages $216.

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Is Venezuela good place to live?

However, for the most part, Venezuela is still a great place to live, and most expats are very happy in the country. Here are some of the things that make it such a great destination. Venezuela has a surprisingly diverse climate, even though it is a tropical country in terms of its location right above the equator.

Is Venezuela a poor country?

The 2020-2021 National Survey of Living Conditions (ENCOVI), conducted by researchers at Andres Bello Catholic University (UCAB), found that of the country’s 28 million residents, 76.6% live in extreme poverty, up from 67.7% last year. …

How much is a car in Venezuela?

Prices of Transportation and fuel in Venezuela.

One-way Ticket (Local Transport) 1.00 USD (0.20-3.00)
Gasoline (1 liter) 0.55 USD (0.50-1.00)
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 50,000 USD (30,000-61,000)
Toyota Corolla 1.6l 97kW Comfort (Or Equivalent New Car) 31,000 USD (29,000-35,000)

Why is Venezuela so poor?

Supporters of Chávez and Maduro have said that the problems result from an “economic war” on Venezuela and “falling oil prices, international sanctions, and the country’s business elite”, while critics of the government say the cause is “years of economic mismanagement, and corruption.”

What is minimum wage in Venezuela?

Venezuela increased the minimum monthly wage to up to 10 million bolivars, Labor minister Eduardo Pinate said according to the ministry’s Twitter account. The amount is equivalent to $3.54, according to the central bank reference exchange rate.

How many bolivars is $1?

Convert US Dollar to Venezuelan Bolívar

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USD VEF
1 USD 426,880 VEF
5 USD 2,134,400 VEF
10 USD 4,268,800 VEF
25 USD 10,672,000 VEF

Is Venezuela safe to live?

Crime. There is a high threat from violent crime and kidnapping throughout Venezuela, which has one of the highest murder rates in the world. Armed robbery, mugging, carjacking, and burglary are all common and are often accompanied by extreme levels of violence – do not resist an attacker.

How much is a banana in Venezuela?

Food prices from our Cost of Living Section

Markets Edit
Chicken Fillets (1 lb) 1.98$
Beef Round (1 lb) (or Equivalent Back Leg Red Meat) 2.01$
Apples (1 lb) 2.24$
Banana (1 lb) 0.42$