Latvia vs Spain: Real minimum wages at constant prices — Statutory minimum wages
Real minimum wages at constant prices — Statutory minimum wages over time
- Latvia
- Spain
How they compare
Spain currently reports 18,731 US dollars, exchange rate converted against 10,034 US dollars, exchange rate converted in Latvia, a difference of 8,697 US dollars, exchange rate converted.
That makes Spain's figure about 1.9 times Latvia's.
Across all 34 years both countries report, Spain has been ahead every year.
Latvia ranks 6th and Spain ranks 11th of 7 groups.
Spain has averaged higher in every one of the 4 decades both report.
Head to head by decade
| Decade | Latvia | Spain | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 2,093 US dollars, exchange rate converted | 12,189 US dollars, exchange rate converted | 10,096 US dollars, exchange rate converted | Spain |
| 2000s | 3,791 US dollars, exchange rate converted | 12,239 US dollars, exchange rate converted | 8,449 US dollars, exchange rate converted | Spain |
| 2010s | 6,882 US dollars, exchange rate converted | 13,721 US dollars, exchange rate converted | 6,839 US dollars, exchange rate converted | Spain |
| 2020s | 8,944 US dollars, exchange rate converted | 18,101 US dollars, exchange rate converted | 9,157 US dollars, exchange rate converted | Spain |
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 Spain?
- Spain, at 18,731 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 Spain?
- 8,697 US dollars, exchange rate converted, with Spain ahead.
- How many years of comparable data are there for Latvia and Spain?
- 34 years are reported by both, from 1992 to 2025.
- How do Latvia and Spain rank globally for real minimum wages at constant prices — statutory minimum wages?
- Latvia ranks 6th and Spain ranks 11th of 7 groups.
- 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.