Latvia vs New Zealand: Real minimum wages at constant prices — Statutory minimum wages
Real minimum wages at constant prices — Statutory minimum wages over time
- Latvia
- New Zealand
How they compare
New Zealand currently reports 28,311 US dollars, exchange rate converted against 10,034 US dollars, exchange rate converted in Latvia, a difference of 18,277 US dollars, exchange rate converted.
That makes New Zealand's figure about 2.8 times Latvia's.
Across all 34 years both countries report, New Zealand has been ahead every year.
Latvia ranks 6th and New Zealand ranks 7th of 7 countries.
New Zealand has averaged higher in every one of the 4 decades both report.
Head to head by decade
| Decade | Latvia | New Zealand | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 2,093 US dollars, exchange rate converted | 15,833 US dollars, exchange rate converted | 13,740 US dollars, exchange rate converted | New Zealand |
| 2000s | 3,791 US dollars, exchange rate converted | 19,055 US dollars, exchange rate converted | 15,265 US dollars, exchange rate converted | New Zealand |
| 2010s | 6,882 US dollars, exchange rate converted | 23,602 US dollars, exchange rate converted | 16,720 US dollars, exchange rate converted | New Zealand |
| 2020s | 8,944 US dollars, exchange rate converted | 28,349 US dollars, exchange rate converted | 19,405 US dollars, exchange rate converted | New Zealand |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher real minimum wages at constant prices — statutory minimum wages, Latvia or New Zealand?
- New Zealand, at 28,311 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 Latvia and New Zealand?
- 18,277 US dollars, exchange rate converted, with New Zealand ahead.
- How many years of comparable data are there for Latvia and New Zealand?
- 34 years are reported by both, from 1992 to 2025.
- How do Latvia and New Zealand rank globally for real minimum wages at constant prices — statutory minimum wages?
- Latvia ranks 6th and New Zealand ranks 7th of 7 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.