Latvia vs United States: Real minimum wages at constant prices — Statutory minimum wages
Real minimum wages at constant prices — Statutory minimum wages over time
- Latvia
- United States
How they compare
United States currently reports 15,080 US dollars, exchange rate converted against 10,034 US dollars, exchange rate converted in Latvia, a difference of 5,046 US dollars, exchange rate converted.
That makes United States's figure about 1.5 times Latvia's.
Across all 34 years both countries report, United States has been ahead every year.
Latvia ranks 6th and United States ranks 12th of 7 countries.
United States has averaged higher in every one of the 4 decades both report.
Head to head by decade
| Decade | Latvia | United States | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 2,093 US dollars, exchange rate converted | 19,861 US dollars, exchange rate converted | 17,768 US dollars, exchange rate converted | United States |
| 2000s | 3,791 US dollars, exchange rate converted | 18,877 US dollars, exchange rate converted | 15,086 US dollars, exchange rate converted | United States |
| 2010s | 6,882 US dollars, exchange rate converted | 20,534 US dollars, exchange rate converted | 13,652 US dollars, exchange rate converted | United States |
| 2020s | 8,944 US dollars, exchange rate converted | 16,636 US dollars, exchange rate converted | 7,693 US dollars, exchange rate converted | United States |
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 United States?
- United States, at 15,080 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 United States?
- 5,046 US dollars, exchange rate converted, with United States ahead.
- How many years of comparable data are there for Latvia and United States?
- 34 years are reported by both, from 1992 to 2025.
- How do Latvia and United States rank globally for real minimum wages at constant prices — statutory minimum wages?
- Latvia ranks 6th and United States ranks 12th 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.