What are the main jobs in Venezuela?

In Venezuela the main industries are oil, food processing, construction materials, textiles, mining, steel, and tourism. Any expats who are considering working in Venezuela will need to get a work permit. After securing a job in Venezuela, your employer should apply for your work permit.

What is the typical work day in Venezuela?

In the public sector, a typical workweek is 44 hours and 48 hours in the private sector. Normally, working hours are from 8 am to 5 p.m. Expats who have rendered one year of service will be entitled to 15 days of paid leave annually while those who have five years of tenure will receive 19 days of paid leave per year.

How much is the average salary in Venezuela?

An average monthly salary in Venezuela is only around 25$, which – to us is staggeringly low, but for them is just natural at this point. If you're renting – then paying all your bills and buying necessities is a bit more difficult. Minimum wage in Venezuela is around 6$.

How much does a Big Mac cost in Venezuela?

On the opposite end of the spectrum, the price of a Big Mac in Venezuela is $8.35, according to the index.

What do most people do for work in Venezuela?

In Venezuela the main industries are oil, food processing, construction materials, textiles, mining, steel, and tourism. Any expats who are considering working in Venezuela will need to get a work permit. After securing a job in Venezuela, your employer should apply for your work permit.

Special Report: Inside Venezuela

What is the minimum wage in Venezuela?

President Nicolas Maduro announced a 18-fold increase in Venezuela's monthly minimum wage to roughly 126 bolivars ($28) by pegging it to the value of half a petro, the government's cryptocurrency.

What does Venezuela import and export?

Traditionally, petroleum represents more than 85% of Venezuela's exports. Other exports include acyclic alcohols (2.2%), iron reductions (1%), gold (1.5%), crustaceans (0.9%), and hard liquor (0.4%). The country mainly imports refined petroleum (16.8%), rice (4.3%), corn (3.5%), wheat (2%), and medicaments (2%).

What is the employment rate of Venezuela?

Employment Rate in Venezuela averaged 89.85 percent from 1999 until 2018, reaching an all time high of 94.47 percent in December of 2014 and a record low of 79.30 percent in February of 2003.

How is the education in Venezuela?

Education of Venezuela. Basic education is free and compulsory between the ages of 6 and 15. Secondary education, which lasts for 2 years, is also free but not required. More than nine-tenths of Venezuelans age 15 and older are literate.

What is the highest paying job in Venezuela?

1. Surgeons / Doctors. Surgeons top the list of the highest paying careers due to the critical nature of their job. A surgeon's profession involves high risk and requires extensive knowledge and a long learning path; the necessary ingredients for a high paying career.

What is Venezuela's main exports?

Exports The top exports of Venezuela are Crude Petroleum ($2.62B), Iron Reductions ($276M), Acyclic Alcohols ($208M), Refined Petroleum ($181M), and Crustaceans ($136M), exporting mostly to India ($2.03B), China ($464M), Malaysia ($387M), Spain ($302M), and Italy ($184M).

How much does an iPhone cost in Venezuela?

A brand new iPhone 6 on a local Venezuelan e-commerce site costs about 300,000 bolivars—or about $47,250, according to the official exchange rate—while a less sophisticated Samsung model might cost about $3,000.

Why is Venezuela's unemployment rate so high?

It is mainly a structural unemployment which may be explained by four factors: the high rate of migration from the rural to the urban sector; the high capital-intensity of the industrial sector in Venezuela; the unimportant role of agriculture in the economic development of Venezuela; and labor policy.

How much is a hot dog in Venezuela?

While customers love the hog dogs, they cost $5-$6 each — too expensive for most Venezuelans. At hotdog stands, they're about 58 cents. With minimum wage in Venezuela $5 a month, even eating a street-stand hotdog has become a luxury for many.