Chile vs Latvia: Minimum relative to average wages of full-time workers
Minimum relative to average wages of full-time workers over time
- Chile
- Latvia
How they compare
Chile currently reports 44.83 Percentage of average wage of full-time employees against 38.06 Percentage of average wage of full-time employees in Latvia, a difference of 6.77 Percentage of average wage of full-time employees.
That makes Chile's figure about 1.2 times Latvia's.
Across all 19 years both countries report, Chile has been ahead every year.
Chile ranks 10th and Latvia ranks 8th of 23 countries.
Chile has averaged higher in every one of the 3 decades both report.
Head to head by decade
| Decade | Chile | Latvia | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 42.03 Percentage of average wage of full-time employees | 30.85 Percentage of average wage of full-time employees | 11.18 Percentage of average wage of full-time employees | Chile |
| 2010s | 45.32 Percentage of average wage of full-time employees | 38.8 Percentage of average wage of full-time employees | 6.51 Percentage of average wage of full-time employees | Chile |
| 2020s | 45.03 Percentage of average wage of full-time employees | 35.67 Percentage of average wage of full-time employees | 9.36 Percentage of average wage of full-time employees | Chile |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher minimum relative to average wages of full-time workers, Chile or Latvia?
- Chile, at 44.83 Percentage of average wage of full-time employees against 38.06 Percentage of average wage of full-time employees in Latvia as of 2024.
- What is the difference in minimum relative to average wages of full-time workers between Chile and Latvia?
- 6.77 Percentage of average wage of full-time employees, with Chile ahead.
- How many years of comparable data are there for Chile and Latvia?
- 19 years are reported by both, from 2000 to 2024.
- How do Chile and Latvia rank globally for minimum relative to average wages of full-time workers?
- Chile ranks 10th and Latvia ranks 8th of 23 countries.
- Where does this data come from?
- Organisation for Economic Co-operation and Development, published as Minimum relative to average wages of full-time workers. Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
For cross-country comparisons, data on minimum wage levels are further supplemented with another measure of minimum wages relative to average wages, that is, the ratio of minimum wages to median earnings of full-time employees. Median rather than mean earnings provide a better basis for international comparisons as it accounts for differences in earnings dispersion across countries. However, while median of basic earnings of full-time workers - i.e. excluding overtime and bonus payments - are ideally, the preferred measure of average wages for international comparisons of minimum-to-median earnings, they are not available for a large number of countries. Minimum relative to mean earnings of full-time workers are also provided.