Israel vs Latvia: Real minimum wages at constant prices — Statutory minimum wages
Real minimum wages at constant prices — Statutory minimum wages over time
- Israel
- Latvia
How they compare
Israel currently reports 21,400 US dollars, exchange rate converted against 10,034 US dollars, exchange rate converted in Latvia, a difference of 11,366 US dollars, exchange rate converted.
That makes Israel's figure about 2.1 times Latvia's.
Across all 26 years both countries report, Israel has been ahead every year.
Israel ranks 10th and Latvia ranks 6th of 26 countries.
Israel has averaged higher in every one of the 3 decades both report.
Head to head by decade
| Decade | Israel | Latvia | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 16,978 US dollars, exchange rate converted | 3,791 US dollars, exchange rate converted | 13,187 US dollars, exchange rate converted | Israel |
| 2010s | 18,832 US dollars, exchange rate converted | 6,882 US dollars, exchange rate converted | 11,949 US dollars, exchange rate converted | Israel |
| 2020s | 21,031 US dollars, exchange rate converted | 8,944 US dollars, exchange rate converted | 12,088 US dollars, exchange rate converted | Israel |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher real minimum wages at constant prices — statutory minimum wages, Israel or Latvia?
- Israel, at 21,400 US dollars, exchange rate converted against 10,034 US dollars, exchange rate converted in Latvia as of 2025.
- What is the difference in real minimum wages at constant prices — statutory minimum wages between Israel and Latvia?
- 11,366 US dollars, exchange rate converted, with Israel ahead.
- How many years of comparable data are there for Israel and Latvia?
- 26 years are reported by both, from 2000 to 2025.
- How do Israel and Latvia rank globally for real minimum wages at constant prices — statutory minimum wages?
- Israel ranks 10th and Latvia ranks 6th of 26 countries.
- Where does this data come from?
- Organisation for Economic Co-operation and Development, published as Real minimum wages at constant prices — Statutory minimum wages. Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Real minimum wages are statutory minimum wages converted into a common hourly and annual pay period for the 30 OECD countries and two other non-member countries for which they are available. Real hourly and annual minimum wages are calculated first by deflating the series using the consumer price index taking 2024 as the base year then converted into common currency units 1) US dollars (USD) and 2) USD using Purchasing Power Parities (PPPs) for private consumption expenditures in 2024.