Iceland vs Latvia: Labour cost index by NACE Rev. 1.1 activity - country weights
Iceland
1
in 2004
Latvia
1.7
in 2007
Iceland rank
35th
Latvia rank
30th
Labour cost index by NACE Rev. 1.1 activity - country weights over time
- Iceland
- Latvia
How they compare
Latvia currently reports 1.7 against 1 in Iceland, a difference of 0.7.
That makes Latvia's figure about 1.7 times Iceland's.
Across all 9 years both countries report, Iceland has been ahead every year.
Iceland ranks 35th and Latvia ranks 30th of 37 countries.
Iceland has averaged higher in every one of the 2 decades both report.
Head to head by decade
| Decade | Iceland | Latvia | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 0.8 | 0.65 | 0.15 | Iceland |
| 2000s | 0.94 | 0.78 | 0.16 | Iceland |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher labour cost index by nace rev. 1.1 activity - country weights, Iceland or Latvia?
- Latvia, at 1.7 against 1 in Iceland as of 2007.
- What is the difference in labour cost index by nace rev. 1.1 activity - country weights between Iceland and Latvia?
- 0.7, with Latvia ahead.
- How many years of comparable data are there for Iceland and Latvia?
- 9 years are reported by both, from 1996 to 2004.
- How do Iceland and Latvia rank globally for labour cost index by nace rev. 1.1 activity - country weights?
- Iceland ranks 35th and Latvia ranks 30th of 37 countries.
- Where does this data come from?
- Eurostat, published as Labour cost index by NACE Rev. 1.1 activity - country weights. Statizoid refreshes it automatically from the source and publishes the full history for both places.