Iceland vs Latvia: Labour cost index by NACE Rev. 2 activity - nominal value, annual data
Iceland
146.1
in 2025
Latvia
153.4
in 2025
Iceland rank
10th
Latvia rank
8th
Labour cost index by NACE Rev. 2 activity - nominal value, annual data over time
- Iceland
- Latvia
How they compare
Latvia currently reports 153.4 against 146.1 in Iceland, a difference of 7.3.
The two have swapped places 4 times across 18 shared years of data; in 2008 it was Latvia ahead.
Iceland ranks 10th and Latvia ranks 8th of 32 countries.
Across the 3 decades both report, Iceland averaged higher in 1 and Latvia in 2.
Head to head by decade
| Decade | Iceland | Latvia | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 50.3 | 56.7 | 6.4 | Latvia |
| 2010s | 73.52 | 69.35 | 4.17 | Iceland |
| 2020s | 122.02 | 123.82 | 1.8 | Latvia |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher labour cost index by nace rev. 2 activity - nominal value, annual data, Iceland or Latvia?
- Latvia, at 153.4 against 146.1 in Iceland as of 2025.
- What is the difference in labour cost index by nace rev. 2 activity - nominal value, annual data between Iceland and Latvia?
- 7.3, with Latvia ahead.
- How many years of comparable data are there for Iceland and Latvia?
- 18 years are reported by both, from 2008 to 2025.
- How do Iceland and Latvia rank globally for labour cost index by nace rev. 2 activity - nominal value, annual data?
- Iceland ranks 10th and Latvia ranks 8th of 32 countries.
- Where does this data come from?
- Eurostat, published as Labour cost index by NACE Rev. 2 activity - nominal value, annual data. Statizoid refreshes it automatically from the source and publishes the full history for both places.