Which has higher price level index, Republic of Korea or Latvia?

Republic of Korea, at 57.39 GDP against 57.03 GDP in Latvia as of 2025.

What is the difference in price level index between Republic of Korea and Latvia?

0.36 GDP, with Republic of Korea ahead.

How many years of comparable data are there for Republic of Korea and Latvia?

31 years are reported by both, from 1995 to 2025.

Where does this data come from?

World Development Indicators, World Bank (WB), published as Price level index (GDP). Statizoid refreshes it automatically from the source and publishes the full history for both places.

Republic of Korea vs Latvia: Price level index

Republic of Korea

57.39 GDP

in 2025

Latvia

57.03 GDP

in 2025

Republic of Korea rank

70th

Latvia rank

72nd

Price level index over time

Republic of Korea
Latvia

How they compare

Republic of Korea currently reports 57.39 GDP against 57.03 GDP in Latvia, a difference of 0.36 GDP.

The two have swapped places 2 times across 31 shared years of data; in 1995 it was Republic of Korea ahead.

Republic of Korea ranks 70th and Latvia ranks 72nd of 203 countries.

Republic of Korea has averaged higher in every one of the 4 decades both report.

Head to head by decade

Decade	Republic of Korea	Latvia	Difference	Ahead
1990s	76.53 GDP	41.68 GDP	34.85 GDP	Republic of Korea
2000s	69.89 GDP	59.67 GDP	10.22 GDP	Republic of Korea
2010s	76.52 GDP	63.81 GDP	12.72 GDP	Republic of Korea
2020s	64.07 GDP	53.71 GDP	10.36 GDP	Republic of Korea

Averages of every year both report within each decade.

Frequently asked questions

Which has higher price level index, Republic of Korea or Latvia?: Republic of Korea, at 57.39 GDP against 57.03 GDP in Latvia as of 2025.
What is the difference in price level index between Republic of Korea and Latvia?: 0.36 GDP, with Republic of Korea ahead.
How many years of comparable data are there for Republic of Korea and Latvia?: 31 years are reported by both, from 1995 to 2025.
How do Republic of Korea and Latvia rank globally for price level index?: Republic of Korea ranks 70th and Latvia ranks 72nd of 203 countries.
Where does this data come from?: World Development Indicators, World Bank (WB), published as Price level index (GDP). Statizoid refreshes it automatically from the source and publishes the full history for both places.

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Republic of Korea vs Latvia: Price level index. Statizoid, drawing on World Development Indicators, World Bank (WB). Retrieved 23 August 2026, from https://economy.statizoid.com/compare/price-level-index-gdp/korea-rep/latvia/

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About this data

Indicator: Price level index (GDP)
Unit: GDP
Source: World Development Indicators, World Bank (WB)
Licence: CC BY 4.0 (World Bank Open Data)
Coverage: 203 places, 7,022 data points, 1990–2025
Last refreshed: 20 August 2026

The price level index (PLI) is the ratio of a purchasing power parity (PPP) conversion factor to the corresponding market exchange rate between two countries, expressed relative to a base country that is set equal to 100. For this series the base country is the United States. It provides a measure of the differences in price level between the country and the United States by indicating the number of units of the common currency (US dollars) needed to buy the same volume of the aggregation level in each country. At the level of GDP, the price level ratio provides a measure of the differences in the general price levels of countries.