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Labour market indicators
Unemployment rate in
1999:
14.9%
(ILO data)
Working population:
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26 127 000
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11 111 291
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43%
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Employment by sector:
| Sources: ILO, Eurostat, last available data |
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Employment contracts
Employment contracts are regulated by law and collective agreements.
Salaries
National monthly minimum wage as of 01/01/03:
The monthly minimum wage at present exchange rates is $163 (190,080 bolivars) in the private sector for urban workers, $150 (174,240 bolivars) for employees of small and medium-sized companies, and $150 (174,072 bolivars) for rural workers.
Average wage for a employee
in the manufacturing industry in
1997:
141122
bolivares
by
month
(ILO data)
Social security contributions
Employer: N/A.
Employee:
N/A.
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