Latvia
Latest Average Wage
+12.3% · 5 years
$44,709
Country Comparison
Latvia vs United Kingdom
Compare average wages, long-term wage changes and eight consumer price categories using OECD data.
At a Glance
Latvia
vs
United Kingdom
$44,7092025
Latest Average Wage
United Kingdom +48.3%
(vs Latvia)
$66,2992025
+12.3%2025
5-Year Wage Change
Latvia +11.2 pts
(vs United Kingdom)
+1.2%2025
+38.8%2025
10-Year Wage Change
Latvia +35.5 pts
(vs United Kingdom)
+3.3%2025
52.22024
Overall Price Level
United Kingdom +32.1 index points
(vs Latvia)
84.32024
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
United Kingdom
Latest Average Wage
+1.2% · 5 years
$66,299
Wage Milestones
Latvia
10 Years Ago
$32,207 (2015)
Historical Peak
$44,709 (2025)
Latest Wage
$44,709 (2025)
United Kingdom
10 Years Ago
$64,199 (2015)
Historical Peak
$66,480 (2019)
Latest Wage
$66,299 (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)United Kingdom (GBR)
Overall
−32.1 index points
100
52.2vs84.3
Food
+5.1 index points
100
90.2vs85.1
Clothing
+13.6 index points
100
92.5vs78.9
Housing
−64.3 index points
100
31.1vs95.4
Health
−41.1 index points
100
31vs72.1
Transport
−24.6 index points
100
86.4vs111
Recreation
−19.3 index points
100
70.9vs90.2
Restaurants & Accommodation
−11.8 index points
100
75.4vs87.2
What Stands Out
01
Latest Wage Gap
United Kingdom's latest average wage is $66,299 for 2025, about 48.3% higher than Latvia's $44,709 for 2025 — a percentage worked out directly from the two reported figures. That is roughly $21,590 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 +0.7% for United Kingdom. The five-year horizon keeps the same ordering: +12.3% against +1.2%. 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 95.4 for United Kingdom. That is a separation of 64.3 index points on the US=100 scale, with United Kingdom on the higher side and Latvia on the lower one. Index points are not percentages; the two scales answer different questions.
04
Closest Price Category
The closest category is Food: Latvia reads 90.2 and United Kingdom 85.1 for 2024, just 5.1 index points apart on the US=100 scale. The next closest is Restaurants & Accommodation at 11.8 index points apart. Closeness here describes the index readings only, not the baskets behind them.
Understanding the Comparison
Wage Position
Few pairings separate this cleanly — United Kingdom's latest average wage of $66,299 for 2025 stands well above Latvia's $44,709 for 2025. The higher figure exceeds the lower one by 48.3% in relative terms — a percentage calculated from the two reported values — or roughly $21,590 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.
Wage Direction
The five-year direction is shared here: both series rise, with different momentum on each side. 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%. United Kingdom stands just below its historical high of $66,480 in 2019, only 0.3% away, with a ten-year change of +3.3%. The shared direction still leaves room for different speeds: +12.3% for Latvia against +1.2% for United Kingdom, so the distance between the two levels keeps shifting. All changes here are measured in real, PPP-adjusted terms, so they describe purchasing-power movement rather than nominal pay increases.
Price Profile
Latvia's overall consumer price level for 2024 reads 52.2, and United Kingdom's reads 84.3, each measured against the United States reference of 100. United Kingdom reads higher in 6 of the 8 comparable categories, so the price profile leans consistently to one side. The widest separation is in Housing: 31.1 for Latvia against 95.4 for United Kingdom, a gap of 64.3 index points. At the other end, Food brings the two closest — 90.2 versus 85.1, a gap of just 5.1 index points. Relative to the US benchmark, Latvia reads above 100 in 0 of its 8 reported categories, and United Kingdom in 1 of its 8.
Wage and price data should not be combined into a verdict on which country is better to live in.
