Iceland vs Latvia: Labor share of gdp
Iceland
66.3
in 2020
Latvia
63.7
in 2025
Iceland rank
3rd
Latvia rank
6th
Labor share of gdp over time
- Iceland
- Latvia
How they compare
Iceland currently reports 66.3 against 63.7 in Latvia, a difference of 2.6.
Across all 17 years both countries report, Iceland has been ahead every year.
Iceland ranks 3rd and Latvia ranks 6th of 187 countries.
Iceland has averaged higher in every one of the 3 decades both report.
Head to head by decade
| Decade | Iceland | Latvia | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 65.78 | 50.15 | 15.63 | Iceland |
| 2010s | 61.39 | 51.88 | 9.51 | Iceland |
| 2020s | 66.3 | 59.7 | 6.6 | Iceland |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher labor share of gdp, Iceland or Latvia?
- Iceland, at 66.3 against 63.7 in Latvia as of 2020.
- What is the difference in labor share of gdp between Iceland and Latvia?
- 2.6, with Iceland ahead.
- How many years of comparable data are there for Iceland and Latvia?
- 17 years are reported by both, from 2004 to 2020.
- How do Iceland and Latvia rank globally for labor share of gdp?
- Iceland ranks 3rd and Latvia ranks 6th of 187 countries.
- Where does this data come from?
- Our World in Data, published as Labor share of gdp. Statizoid refreshes it automatically from the source and publishes the full history for both places.