Yearly Income In Venezuela

Since the 1920s venezuela has been a rentier state offering oil as its main export.

Yearly income in venezuela. Salaries vary drastically between different careers. What is the base salary of a venezuelan. Venezuela is the sixth largest member of opec by oil production. Venezuela gdp per capita for 2011 was 10 955 a 20 76 decline from 2010.

Venezuela gdp per capita for 2012 was 12 986 a 18 53 increase from 2011. The economy of venezuela is based largely on the petroleum and manufacturing sectors and has been in a state of total economic collapse since the mid 2010s. Venezuela gdp gross domestic product was int 179 60billion for 2019 in ppp terms. The salary that will come into effect on tuesday is equivalent to six dollars on the black market and economic analysts fear that it will lose its value in a few days.

The average annual income in venezuela will vary depending on the type of job. World economics makes available of world s most comprehensive gdp database covering over 130 countries with historical gdp ppp data from 1870 2019 building on the lifetimes work of angus maddison. Average salary in venezuela is vef 479 199 us 72 116. Venezuela gdp per capita for 2014 was 16 054 a 28 88 increase from 2013.

The average income is calculated by gross national income and population. A venezuelan s guaranteed minimum monthly wage today is 200 021 bolivars. That is broken down as follows 65 021 bolivars in cash and the rest in food stamps that can only be used in st. This is the average monthly salary including housing transport and other benefits.

Minimum wages in venezuela averaged 199505 86 vef month from 1989 until 2020 reaching an all time high of 5196000 vef month in june of 2018 and a record low of 4 vef month in january of 1989. According to maduro extreme. Venezuela gdp per capita for 2013 was 12 457 a 4 07 decline from 2012. What are you asking.

This page provides venezuela minimum wages actual values historical data forecast chart. Included in this amount are all salaries and wages but also other unearned income on investments or capital gain. Minimum wages in venezuela increased to 400000 vef month in may from 250000 vef month in january of 2020. The nation has experienced hyperinflation since 2015.

A person working in venezuela typically earns around 132 000 ves per month. On dividing all annual incomes and profits by the amount of the countrie s population it will show the average income per capita.