VENEZUELA

Venezuela

THE OFFICIAL SALARY IN VENEZUELA IN 2020:

Average salary – 120,000 Bolívar Soberano per month ($23)

Minimum wage – 40,000 Bolívar Soberano per month ($7.7)

Source: Government of Venezuela and international recruitment agencies

Venezuela is located in South America. It is washed by the Caribbean Sea and the Atlantic Ocean in the north, borders with Guyana in the east, Brazil in the south and Colombia in the west.

INFORMATION ABOUT VENEZUELA (2020) 
Population 28.4 million
Average life expectancy  74 years
Unemployment rate 44.3% (IMF)
Inflation  815,194% (May 2019)
Square 22 965 km²
Form of government Federal dominant-party presidential republic
Income tax 6–34%
Capital Caracas
Currency Bolívar Soberano
Official Language Spanish
Doing Business rank 188
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