Latvia
Latest Average Wage
+12.3% · 5 years
$44,709
Country Comparison
Latvia vs Canada
Compare average wages, long-term wage changes and eight consumer price categories using OECD data.
At a Glance
Latvia
vs
Canada
$44,7092025
Latest Average Wage
Canada +51.9%
(vs Latvia)
$67,9012025
+12.3%2025
5-Year Wage Change
Latvia +12.6 pts
(vs Canada)
−0.3%2025
+38.8%2025
10-Year Wage Change
Latvia +33.8 pts
(vs Canada)
+5.0%2025
52.22024
Overall Price Level
Canada +33.8 index points
(vs Latvia)
862024
Wages are PPP-adjusted average annual wages; price levels use the United States reference of 100. Years shown are each country's latest reported observation.
How Wages Have Changed
Follow PPP-adjusted average annual wages in constant prices across both economies.
USD PPP, constant prices · missing years shown as gaps, never interpolated
Canada
Latest Average Wage
−0.3% · 5 years
$67,901
Wage Milestones
Latvia
10 Years Ago
$32,207 (2015)
Historical Peak
$44,709 (2025)
Latest Wage
$44,709 (2025)
Canada
10 Years Ago
$64,667 (2015)
Historical Peak
$68,434 (2021)
Latest Wage
$67,901 (2025)
Compare Everyday Price Levels
See how eight consumer price categories compare with the United States reference value of 100.
United States = 100 · Differences shown in index points
Latvia (LVA)Canada (CAN)
Overall
−33.8 index points
100
52.2vs86
Food
−17.8 index points
100
90.2vs108
Clothing
−25.5 index points
100
92.5vs118
Housing
−52.0 index points
100
31.1vs83.1
Health
−31.2 index points
100
31vs62.2
Transport
−16.6 index points
100
86.4vs103
Recreation
−21.1 index points
100
70.9vs92
Restaurants & Accommodation
−22.2 index points
100
75.4vs97.6
What Stands Out
01
Latest Wage Gap
Canada's latest average wage is $67,901 for 2025, about 51.9% higher than Latvia's $44,709 for 2025 — a relative difference calculated from the two reported values. That is roughly $23,192 a year on the same PPP basis.
02
Stronger Recent Trend
On the latest one-year change, Latvia shows the stronger movement at +3.3%, against +0.2% for Canada. The five-year horizon keeps the same ordering: +12.3% against −0.3%. Both percentages are real, PPP-adjusted changes from the reported wage series.
03
Largest Price Gap
Housing shows the widest price gap of the comparable categories in 2024: 31.1 for Latvia against 83.1 for Canada. Measured on the US=100 scale, the two readings for this category are 52.0 index points apart, Canada above Latvia. The gap is stated in index points, which are not interchangeable with percentages.
04
Closest Price Category
The closest category is Transport: Latvia reads 86.4 and Canada 103 for 2024, just 16.6 index points apart on the US=100 scale. The next closest is Food at 17.8 index points apart. Closeness here describes the index readings only, not the baskets behind them.
Understanding the Comparison
Wage Position
The wage levels in this pairing are far apart: Canada reports $67,901 for 2025, while Latvia reports $44,709 for 2025. The higher figure exceeds the lower one by 51.9% in relative terms — a percentage calculated from the two reported values — or roughly $23,192 a year. Both figures are expressed in USD PPP at constant 2025 prices, so they can be set side by side without any further conversion. For scale, neither series has moved by that much within any single reported year, so the gap is structural rather than the product of one unusual observation. Over ten years Latvia recorded +38.8% and Canada +5.0%, so the two series have been moving in the same long-term direction.
Wage Direction
The two wage series do not point the same way across the reported horizons. Latvia sits at the highest point of its series — $44,709 in 2025 is also the historical peak, with a ten-year change of +38.8%. Canada stands just below its historical high of $68,434 in 2021, only 0.8% away, with a ten-year change of +5.0%. The five-year changes — +12.3% for Latvia, −0.3% for Canada — resist a single-trend summary and are clearer read side by side. Each percentage is a real, PPP-adjusted change; nominal pay movements are outside what this dataset reports.
Price Profile
Latvia's overall consumer price level for 2024 reads 52.2, and Canada's reads 86, each measured against the United States reference of 100. One side of this pairing dominates the price profile: Canada sits higher in 8 of the 8 comparable categories. Housing separates the two most: Latvia reads 31.1 and Canada 83.1, 52.0 index points apart. The two sit closest in Transport (86.4 versus 103), only 16.6 index points apart. Counted against the US reference of 100, 0 of Latvia's 8 reported categories sit above the line, against 3 of Canada's 8. These are index values for 2024, not currency amounts; categories without a reported value on either side are left out of the comparison.
Wage and price data should not be combined into a verdict on which country is better to live in.
