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Venezuela

#92 globallyLatin America

Average salary: $4,000/year Β· Currency: VES Bs.

Mean Annual Salary

$4,000

gross USD

Median Annual Salary

$2,800

gross USD

GDP per Capita

$1,580

current USD

PPP Factor

Γ—0.28

vs USD base

Tax Breakdown at Median Salary

Estimated
Gross Income$2,800
Income Tax$273
Social Security$105
Health Insurance$42

Take-Home (Net) Annual

$2,380

Effective Tax Rate

15.0%

* Based on median salary of $2,800. Estimated combined rate. Consult a tax professional for accurate calculations.

πŸ‡»πŸ‡ͺ Venezuela Economic Overview

Currency

VES (Bs.)

Region

Latin America

Population

28.0M

Gini Coefficient

0.446

Cost of Living Index

28 (US=100)

Tax Data Available

Estimated

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Salary vs Global Benchmarks

Global Mean$18,000
Latin America Mean$9,636
Venezuela Mean$4,000

Global Ranking

#92

out of 117 countries

by average salary

About Salaries in Venezuela

The average annual salary in Venezuela is approximately $4,000 (gross, in USD), with a median of $2,800. The country ranks #92 out of 117 countries by average salary.

At the median salary, workers in Venezuela take home approximately $2,380 after taxes β€” an effective tax rate of 15.0%. The purchasing power parity factor of Γ—0.28 means that in real terms, living costs are lower than in the United States.

Venezuela is located in the Latin America region. Income inequality, measured by the Gini coefficient, is 0.446 (high inequality).