Minimum Wages in Venezuela increased to 1800000000 VEF/Month in January from 450000000 VEF/Month in December of 2018. It is the first rise this year. In 2018, the minimum wage was raised five times. Minimum Wages in Venezuela averaged 42094914.88 VEF/Month from 1989 until 2019, reaching an all time high of 1800000000 VEF/Month in January of 2019 and a record low of 4 VEF/Month in January of 1989.
Minimum Wages in Venezuela is expected to be 1800000000.00 VEF/Month by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Minimum Wages in Venezuela to stand at 1800000000.00 in 12 months time. In the long-term, the Venezuela Minimum Monthly Wages is projected to trend around 190000000.00 VEF/Month in 2020, according to our econometric models.