Latvia
Latest Average Wage
+12.3% · 5 years
$44,709
Country Comparison
Latvia vs Portugal
Compare average wages, long-term wage changes and eight consumer price categories using OECD data.
At a Glance
Latvia
vs
Portugal
$44,7092025
Latest Average Wage
Portugal +0.5%
(vs Latvia)
$44,9372025
+12.3%2025
5-Year Wage Change
Portugal +1.6 pts
(vs Latvia)
+13.9%2025
+38.8%2025
10-Year Wage Change
Latvia +15.8 pts
(vs Portugal)
+23.1%2025
52.22024
Overall Price Level
Portugal +3.5 index points
(vs Latvia)
55.72024
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
Portugal
Latest Average Wage
+13.9% · 5 years
$44,937
Wage Milestones
Latvia
10 Years Ago
$32,207 (2015)
Historical Peak
$44,709 (2025)
Latest Wage
$44,709 (2025)
Portugal
10 Years Ago
$36,520 (2015)
Historical Peak
$44,937 (2025)
Latest Wage
$44,937 (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)Portugal (PRT)
Overall
−3.5 index points
100
52.2vs55.7
Food
+2.6 index points
100
90.2vs87.6
Clothing
+10.1 index points
100
92.5vs82.4
Housing
−13.6 index points
100
31.1vs44.7
Health
−8.5 index points
100
31vs39.5
Transport
−5.6 index points
100
86.4vs92
Recreation
+4.4 index points
100
70.9vs66.5
Restaurants & Accommodation
+13.7 index points
100
75.4vs61.7
What Stands Out
01
Latest Wage Gap
Portugal's latest average wage is $44,937 for 2025, about 0.5% higher than Latvia's $44,709 for 2025 — computed straight from the two reported values. Per year, that works out to roughly $228 on the shared purchasing-power basis.
02
Stronger Recent Trend
On the latest one-year change, Latvia shows the stronger movement at +3.3%, against +1.8% for Portugal. The five-year horizon reverses the ordering — Latvia at +12.3% and Portugal at +13.9% — 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
Restaurants & Accommodation shows the widest price gap of the comparable categories in 2024: 75.4 for Latvia against 61.7 for Portugal. Latvia sits on the higher side of that 13.7-point spread; Portugal reads 13.7 index points lower on the US=100 scale. The gap is stated in index points, which are not interchangeable with percentages.
04
Closest Price Category
The closest category is Food: Latvia reads 90.2 and Portugal 87.6 for 2024, just 2.6 index points apart on the US=100 scale. The next closest is Overall at 3.5 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 Portugal report nearly the same PPP-adjusted average annual wage: $44,937 for 2025, against $44,709 for 2025. The difference is 0.5% in relative terms — a percentage calculated from the two reported values — or roughly $228 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 Portugal +23.1%, 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%. Portugal sits at the highest point of its series — $44,937 in 2025 is also the historical peak, with a ten-year change of +23.1%. Portugal's five-year change of +13.9% outpaces Latvia's +12.3% 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 Portugal's reads 55.7, each measured against the United States reference of 100. Neither country is uniformly higher: Latvia leads in 4 of the 8 comparable categories and Portugal in 4, so the profile splits by category rather than by country. Restaurants & Accommodation separates the two most: Latvia reads 75.4 and Portugal 61.7, 13.7 index points apart. The two sit closest in Food (90.2 versus 87.6), only 2.6 index points apart. Counted against the US reference of 100, 0 of Latvia's 8 reported categories sit above the line, against 0 of Portugal's 8.
Wage and price data should not be combined into a verdict on which country is better to live in.
