Latvia
Data verified August 2026 · Sources
Latvia's $44,709 PPP-adjusted average wage in 2025 sets its series high, powered by +38.8% decade convergence from a lower base, while consumer prices register 52.2 on the US=100 index scale.
Latvia at a Glance
1Y Change
+3.3%
5Y Change
+12.3%
10Y Change
+38.8%
Historical Peak
$44,709 2025
Change From Peak
At the historical peak
Overall Price Level
52.2
Latvia’s Wage Story
Follow how PPP-adjusted average annual wages have changed in Latvia using constant-price OECD data.
USD PPP, constant prices · missing years shown as gaps, never interpolated
Ten Years Ago
$32,207 (2015)
Historical Peak
$44,709 2025
Latest Wage
$44,709 2025
Data Coverage
Wage history: 1996–2025
Reported observations: 30
Missing wage years: None
Latest price data: 2024 · 8 of 8 categories available
Convergence as the Whole Story
Latvia's wage record shows +38.8% growth over ten years, +12.3% across five, and +3.3% in the latest year. At $44,709 in 2025 the level is the series peak, and the strong convergence pace from a lower-wage starting point defines the entire profile. From $32,207 in 2015 the level has climbed by more than a third in real terms. The three horizons agree with each other, which gives the record-level reading an unusually clean interpretation.
Catch-Up Still Running at a Record
As a lower-wage OECD member with strong long-term convergence, Latvia's +3.3% latest-year change at a record shows the catch-up continues. The +38.8% decade gain is the headline: it reflects structural narrowing of the wage gap with higher-income peers, not a temporary spike. The +12.3% five-year pace, second only to the very fastest in this set, says the process has years of momentum behind it. If the recent cadence holds, the arithmetic of catch-up keeps favouring Latvia for years, because each percentage point now builds on a higher base.
Half the U.S. Price Level
At 52.2 for 2024, Latvia's overall price level trails the US benchmark by 47.8 index points. The reading is a comparative standing rather than a euro cost, and it accompanies the convergence profile without duplicating it. Latvia's wage series begins in 1996 with 30 observations. The chart above keeps the arc visible year by year.
Latvia’s Everyday Price Profile
Compare eight consumer price categories in Latvia with the United States reference value of 100.
Overall
Food
Clothing
Housing
Health
Transport
Recreation
Restaurants & Accommodation
What Stands Out
Highest: Clothing
Clothing has the highest relative price level of the 8 reported categories in 2024, at 92.5 against the United States reference of 100. That is −7.5 index points from the benchmark and 2.3 points ahead of the next category, Food at 90.2.
Lowest: Health
Health is the lowest of the reported categories in 2024 at 31, −69.0 index points against the United States benchmark of 100. The spread between the highest and lowest reported categories is 61.5 index points, which shows how uneven the 2024 price profile is across categories.
Overall vs United States
The overall price level for 2024 is 52.2, below the United States benchmark (−47.8 index points). Looking across the profile, all 8 reported categories read below 100, so the overall figure summarizes a spread of category positions rather than a uniform level.
Compare Latvia
Choose another OECD economy to compare wages, historical changes and all eight consumer price categories.
Frequently Asked Questions About Latvia
What is the average annual wage in Latvia?
Latvia's 2025 average wage is $44,709. The figure is also the highest in the available series.
How has the average wage changed in Latvia?
The ten-year change is +38.8%, reflecting strong convergence from a lower base. Five-year growth is +12.3% and the latest-year change +3.3%. Every horizon compares against its precise target year.
What are consumer price levels like in Latvia?
Latvia's overall consumer price index is 52.2 for 2024, below the US at 100. That is a relative index standing, not a dollar amount or inflation rate.
Is Latvia's wage at a record high?
Yes. Latvia's $44,709 wage in 2025 tops its series. The +38.8% decade climb reflects sustained convergence toward higher-wage OECD economies.