You asked: What is the average wage in Venezuela?

What is the average monthly income 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’s the cost of living in Venezuela?

Summary: Family of four estimated monthly costs are 1,908$ without rent. A single person estimated monthly costs are 515$ without rent. Cost of living in Venezuela is, on average, 36.11% lower than in United States.

Cost of Living in Venezuela.

Restaurants Edit
Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment 17.23$

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.

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.” Most observes cite anti- …

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What is a good salary in Venezuela?

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.

How much is a bottle of Coke in Venezuela?

Prices in restaurants in Venezuela.

Meal in a cheap restaurant 10.00 USD (5.00-15)
Coke/Pepsi (0.33 liter bottle) 1.30 USD (1.00-2.00)
Water (0.33 liter bottle) 0.89 USD (0.63-1.20)
Cappuccino (regular) 1.60 USD (0.50-3.00)
Espresso Coffee 1.10 USD (0.35-2.10)

Can you buy a house in Venezuela?

Any foreigner can buy a property in Venezuela with just a valid passport, a tourist visa and a Registro de Informacion Fiscal (RIF). … Foreigners may also buy indirectly, through local companies or through foreign companies.

How much is a banana in Venezuela?

Food prices from our Cost of Living Section

Markets Edit
Chicken Fillets (1 lb) 1.96$
Beef Round (1 lb) (or Equivalent Back Leg Red Meat) 2.02$
Apples (1 lb) 2.21$
Banana (1 lb) 0.42$

Is Venezuela a poor country?

Venezuela is the most poverty-stricken country in Latin America. The nation’s position in poverty has led to Venezuelan citizens requiring aid from the United States, more so than any nation in Latin America.

How much is a dollar in Venezuela?

Convert US Dollar to Venezuelan Bolívar

USD VEF
1 USD 417,644 VEF
5 USD 2,088,220 VEF
10 USD 4,176,440 VEF
25 USD 10,441,100 VEF