Portugal
Latest Average Wage
+13.9% · 5 years
$44,937
Country Comparison
Portugal vs Latvia
Compare average wages, long-term wage changes and eight consumer price categories using OECD data.
At a Glance
Portugal
vs
Latvia
$44,9372025
Latest Average Wage
Portugal +0.5%
(vs Latvia)
$44,7092025
+13.9%2025
5-Year Wage Change
Portugal +1.6 pts
(vs Latvia)
+12.3%2025
+23.1%2025
10-Year Wage Change
Latvia +15.8 pts
(vs Portugal)
+38.8%2025
55.72024
Overall Price Level
Portugal +3.5 index points
(vs Latvia)
52.22024
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
Latvia
Latest Average Wage
+12.3% · 5 years
$44,709
Wage Milestones
Portugal
10 Years Ago
$36,520 (2015)
Historical Peak
$44,937 (2025)
Latest Wage
$44,937 (2025)
Latvia
10 Years Ago
$32,207 (2015)
Historical Peak
$44,709 (2025)
Latest Wage
$44,709 (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
Portugal (PRT)Latvia (LVA)
Overall
+3.5 index points
100
55.7vs52.2
Food
−2.6 index points
100
87.6vs90.2
Clothing
−10.1 index points
100
82.4vs92.5
Housing
+13.6 index points
100
44.7vs31.1
Health
+8.5 index points
100
39.5vs31
Transport
+5.6 index points
100
92vs86.4
Recreation
−4.4 index points
100
66.5vs70.9
Restaurants & Accommodation
−13.7 index points
100
61.7vs75.4
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 — a percentage worked out directly from the two reported figures. That is roughly $228 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 +1.8% for Portugal. The five-year horizon reverses the ordering — Portugal at +13.9% and Latvia at +12.3% — 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: 61.7 for Portugal against 75.4 for Latvia. That is a separation of 13.7 index points on the US=100 scale, with Latvia on the higher side and Portugal on the lower one. The gap is stated in index points, which are not interchangeable with percentages.
04
Closest Price Category
The closest category is Food: Portugal reads 87.6 and Latvia 90.2 for 2024, just 2.6 index points apart on the US=100 scale. The next closest is Overall at 3.5 index points apart. Closeness here describes the index readings only, not the baskets behind them.
Understanding the Comparison
Wage Position
Portugal and Latvia 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. Both figures are expressed in USD PPP at constant 2025 prices, so they can be set side by side without any further conversion. Over ten years Portugal recorded +23.1% and Latvia +38.8%, 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. 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%. 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'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
Portugal's overall consumer price level for 2024 reads 55.7, and Latvia's reads 52.2, each measured against the United States reference of 100. Neither country is uniformly higher: Portugal leads in 4 of the 8 comparable categories and Latvia in 4, so the profile splits by category rather than by country. Restaurants & Accommodation separates the two most: Portugal reads 61.7 and Latvia 75.4, 13.7 index points apart. The two sit closest in Food (87.6 versus 90.2), only 2.6 index points apart. Counted against the US reference of 100, 0 of Portugal's 8 reported categories sit above the line, against 0 of Latvia's 8.
Wage and price data should not be combined into a verdict on which country is better to live in.
