Iceland vs Latvia: Labour cost index by NACE Rev. 2 activity - country weights
Iceland
1.8
in 2018
Latvia
2.2
in 2024
Iceland rank
31st
Latvia rank
28th
Labour cost index by NACE Rev. 2 activity - country weights over time
- Iceland
- Latvia
How they compare
Latvia currently reports 2.2 against 1.8 in Iceland, a difference of 0.4.
That makes Latvia's figure about 1.2 times Iceland's.
The two have swapped places 1 time across 11 shared years of data; in 2008 it was Latvia ahead.
Iceland ranks 31st and Latvia ranks 28th of 32 countries.
Latvia has averaged higher in every one of the 2 decades both report.
Head to head by decade
| Decade | Iceland | Latvia | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 0.9 | 1.75 | 0.85 | Latvia |
| 2010s | 1.23 | 1.58 | 0.3444 | Latvia |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher labour cost index by nace rev. 2 activity - country weights, Iceland or Latvia?
- Latvia, at 2.2 against 1.8 in Iceland as of 2024.
- What is the difference in labour cost index by nace rev. 2 activity - country weights between Iceland and Latvia?
- 0.4, with Latvia ahead.
- How many years of comparable data are there for Iceland and Latvia?
- 11 years are reported by both, from 2008 to 2018.
- How do Iceland and Latvia rank globally for labour cost index by nace rev. 2 activity - country weights?
- Iceland ranks 31st and Latvia ranks 28th of 32 countries.
- Where does this data come from?
- Eurostat, published as Labour cost index by NACE Rev. 2 activity - country weights. Statizoid refreshes it automatically from the source and publishes the full history for both places.