Latvia
PPP-adjusted average annual wage
$44,709 2025
Latvia recorded a PPP-adjusted average annual wage of 44709 USD in 2025, reaching its historical peak. Consumer price data for 2024 shows all categories below the United States benchmark. Price observations for 2022 and 2023 are completely unavailable, limiting temporal analysis to the most recent year.
1-Year Change
+3.3%
vs 2024
5-Year Change
+12.3%
vs 2020
Overall Price Level
52.2
2024 · United States = 100
Wage data: 2025 · Price data: 2024
Wage History
Track PPP-adjusted average annual wages in constant prices over time.
PPP-adjusted annual wage (USD)
USD PPP, constant 2025 prices
Wage Key Facts
Latest Wage
$44,709
Latest Year
2025
1-Year Change
+3.3%
5-Year Change
+12.3%
10-Year Change
+38.8%
Historical Peak
$44,709
Peak Year
2025
Change From Peak
0.0%
What the Wage Trend Shows
PPP-adjusted average annual wages reached 44709 USD in 2025 for Latvia. This observation marks the highest point in the available historical record.
Earnings have grown 246.53 percent since the series started in 1996. The most recent five-year period accounts for 12.31 percent of that cumulative expansion.
Consumer Price Levels
Compare eight consumer price categories with the United States benchmark of 100.
United States = 100
What Prices Look Like
Highest: Clothing
Clothing has the highest relative price level among the available categories, at 92.5 (United States = 100).
Lowest: Health
Health is the lowest at 31, −69.0 index points against the United States benchmark.
Overall vs United States
The overall price level is 52.2, below the United States benchmark (−47.8 index points).
Wage and Price Snapshot
Read the latest wage record and the selected price benchmark together, without merging their years.
Overall consumption measured 52.2 in 2024, placing it 47.8 points below the United States. Housing costs were particularly low at 31.1, a gap of negative 68.9 points.
Health services registered an index of 31, sitting 69 points beneath the United States level. Food prices were closer to parity at 90.2, still 9.8 points below benchmark.
Transport costs measured 86.4 against the United States base of 100. Recreation and restaurants also trailed the benchmark at 70.9 and 75.4 respectively.
- Latest wage recordWage year 2025
- $44,709
- Price category coveragePrice year 2024
- 8 of 8
- Relative to United States8 below, 0 at 100
- 0 above
Compare Latvia
See how Latvia's wages and price levels compare with other OECD economies.
Portugal$44,9372025+0.5%higher
Costa Rica$44,4312024−0.6%lower
Czechia$43,6072025−2.5%lower
Estonia$41,0192025−8.3%lower
Chile$40,6262023−9.1%lower
Poland$49,0742025+9.8%higher
Japan$50,1832025+12.2%higher
Hungary$39,1452025−12.4%lower
Slovakia$37,8322025−15.4%lower
Italy$53,8642025+20.5%higher
Greece$32,4122025−27.5%lower
Türkiye$57,2752024+28.1%higherSimilar Economies
How to Read This Country Page
Three boundaries keep wage and price comparisons from being misread.
- Wage basis
- The annual wage is expressed in USD PPP at constant 2025 prices. It is an average, not a median wage, local-currency amount, or take-home figure.
- Years stay separate
- The latest wage year and the price year do not have to match. Price controls read only 2022, 2023, or 2024 and never substitute another year.
- Price benchmark
- 100 represents the United States price level. A value of 120 is reported here as 20 index points above that benchmark.
Data Coverage and Limits
See which years are actually present before comparing wage and price records.
Wage data covers 29 years spanning from 1996 to 2025 for Latvia. The series contains 30 distinct observations tracking PPP-adjusted earnings.
Consumer price observations are currently restricted to 2024 alone. Both 2022 and 2023 show null values across all eight expenditure categories.
Initial wage reporting began at 12902 USD in 1996 before rising to current levels. The latest 2025 entry carries full availability status.
- Wage observations
- 30
- Wage coverage
- 1996-2025
- Price categories · 2024
- 8 of 8
- Price categories · 2023
- 0 of 8
- Price categories · 2022
- 0 of 8
Frequently Asked Questions
What is the average annual wage in Latvia?
The average annual wage in Latvia was 44709 USD in 2025 using PPP adjustment. This figure uses constant 2025 prices and represents the series maximum.
How has the average wage changed in Latvia?
Wages rose 3.34 percent in the last year and 38.82 percent over the past decade. Long-term growth since 1996 totals 246.53 percent.
What are consumer price levels like in Latvia?
All 2024 price categories fell below the United States benchmark, with overall consumption at 52.2. Housing and health showed the largest gaps at roughly 69 points below.
Is the average wage in Latvia close to its historical peak?
The 2025 average wage equals Latvia's historical peak precisely. Current earnings show no decline from the maximum observed value in the dataset.
Wage data
OECD Average Annual Wages
Price data
OECD Comparative Price Levels
Reported coverage
Wages through 2025 · Prices through 2024