Latvia
Latest Average Wage
+12.3% · 5 years
$44,709
Country Comparison
Latvia vs Czechia
Compare average wages, long-term wage changes and eight consumer price categories using OECD data.
At a Glance
Latvia
vs
Czechia
$44,7092025
Latest Average Wage
Latvia +2.5%
(vs Czechia)
$43,6072025
+12.3%2025
5-Year Wage Change
Latvia +9.3 pts
(vs Czechia)
+3.0%2025
+38.8%2025
10-Year Wage Change
Latvia +16.6 pts
(vs Czechia)
+22.2%2025
52.22024
Overall Price Level
Czechia +0.7 index points
(vs Latvia)
52.92024
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
Czechia
Latest Average Wage
+3.0% · 5 years
$43,607
Wage Milestones
Latvia
10 Years Ago
$32,207 (2015)
Historical Peak
$44,709 (2025)
Latest Wage
$44,709 (2025)
Czechia
10 Years Ago
$35,686 (2015)
Historical Peak
$43,607 (2025)
Latest Wage
$43,607 (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)Czechia (CZE)
Overall
−0.7 index points
100
52.2vs52.9
Food
+15.0 index points
100
90.2vs75.2
Clothing
+8.0 index points
100
92.5vs84.5
Housing
−27.0 index points
100
31.1vs58.1
Health
+5.7 index points
100
31vs25.3
Transport
−0.1 index points
100
86.4vs86.5
Recreation
+5.9 index points
100
70.9vs65
Restaurants & Accommodation
+14.9 index points
100
75.4vs60.5
What Stands Out
01
Latest Wage Gap
Latvia's latest average wage is $44,709 for 2025, about 2.5% higher than Czechia's $43,607 for 2025 — a relative difference calculated from the two reported values. Per year, that works out to roughly $1,102 on the shared purchasing-power basis.
02
Stronger Recent Trend
On the latest one-year change, Czechia shows the stronger movement at +3.9%, against +3.3% for Latvia. The five-year horizon reverses the ordering — Latvia at +12.3% and Czechia at +3.0% — so the latest year is not the whole story. 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 58.1 for Czechia. Measured on the US=100 scale, the two readings for this category are 27.0 index points apart, Czechia 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 Czechia 86.5 for 2024 — effectively the same relative price level on the US=100 scale. The next closest is Overall at 0.7 index points apart. Two readings this close mean the category sits at nearly the same point of the US=100 scale for both.
Understanding the Comparison
Wage Position
Latvia and Czechia report nearly the same PPP-adjusted average annual wage: $44,709 for 2025, against $43,607 for 2025. The difference is 2.5% in relative terms — a percentage calculated from the two reported values — or roughly $1,102 a year, which is small next to either figure. No extra conversion is needed here: each figure is already a purchasing-power-adjusted annual amount in constant prices. Over ten years Latvia recorded +38.8% and Czechia +22.2%, so the two series have been moving in the same long-term direction. For most side-by-side readings the two wage levels can be treated as equivalent within this dataset.
Wage Direction
Both wage series rise over the five-year horizon, though not at the same pace. 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%. Czechia sits at the highest point of its series — $43,607 in 2025 is also the historical peak, with a ten-year change of +22.2%. Latvia's five-year change of +12.3% outpaces Czechia's +3.0% in magnitude, so the common direction does not mean the two levels are holding a fixed distance. 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 Czechia's reads 52.9, each measured against the United States reference of 100. Neither country is uniformly higher: Latvia leads in 5 of the 8 comparable categories and Czechia in 2, so the profile splits by category rather than by country. Housing separates the two most: Latvia reads 31.1 and Czechia 58.1, 27.0 index points apart. The two sit closest in Transport (86.4 versus 86.5), only 0.1 index points apart. Counted against the US reference of 100, 0 of Latvia's 8 reported categories sit above the line, against 0 of Czechia's 8.
Wage and price data should not be combined into a verdict on which country is better to live in.
