Country Overview

Wages and Prices in Latvia

Latvia supplies a Baltic wage and price reference with each observation clearly labelled, giving readers a concise view of reported values across the selected range.

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Wage history

How Wages Have Changed in Latvia

Explore Latvia’s PPP-adjusted annual wage history using a reported range rather than a filled-in series.

PPP-adjusted annual wage (USD)2000–2025 · touch or hover points for the selected range

Price levels

Price Levels in Latvia

Compare everyday price levels using the United States benchmark of 100.

Overall

52.20Below U.S.47.8% below U.S.

Food

90.20Below U.S.9.8% below U.S.

Clothing

92.50Below U.S.7.5% below U.S.

Housing

31.10Below U.S.68.9% below U.S.

Health

31.00Below U.S.69.0% below U.S.

Transport

86.40Below U.S.13.6% below U.S.

Recreation

70.90Below U.S.29.1% below U.S.

Restaurants

75.40Below U.S.24.6% below U.S.

How to Read This View

Use 100 as the reference

The United States is fixed at 100 for every category. A value of 52.2 means that Latvia’s price level is about 47.8% below the U.S. benchmark, while a value of 92.5 means it is approximately 8% lower.

Compare categories, not household bills

Each row represents a separate spending category. The values show relative price levels rather than the actual amount a household spends. A higher clothing index does not necessarily mean that total living costs are higher by the same amount.

Check the selected year

The year buttons update all displayed categories together. Missing observations are shown as unavailable and are never replaced with values from another year.

Relative context

Latvia in Context

See how Latvia’s wage and selected price level compare with the OECD median and the United States.

Average Annual Wage

Latvia$44,709

OECD Median$60,690

United States$86,977

Selected Price Level

Latvia52.20

OECD Median67.25

United States100

Read the placement

Latvia’s 2025 PPP-adjusted annual wage is 26.3% below the OECD median. Its 2024 Overall price index of 52.2 is 47.8% below the U.S. benchmark, meaning that both measures sit on the same side of their references in this dataset. Wage and price observations refer to separately labelled years and should not be read as a household affordability score.

Country note

Understanding Wages and Prices in Latvia

Latvia is shown with its current common-year wage and a separate price-year label. The chart exposes the selected historical span without interpolation, while the page avoids converting a measured change into a causal story.

Category detail for Latvia is led by Clothing at 92.50, ahead of Food (90.20) and Transport (86.40), while the overall index remains below the United States reference. The category spread is shown as reported, without adjusting any value toward the aggregate.