Cyprus vs Latvia: Compensation of employees
Compensation of employees over time
- Cyprus
- Latvia
How they compare
Cyprus currently reports 3.66 billion current LCU against 2.86 billion current LCU in Latvia, a difference of 801.90 million current LCU.
That makes Cyprus's figure about 1.3 times Latvia's.
Across all 31 years both countries report, Cyprus has been ahead every year.
Cyprus ranks 130th and Latvia ranks 131st of 156 countries.
Cyprus has averaged higher in every one of the 4 decades both report.
Head to head by decade
| Decade | Cyprus | Latvia | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 930.83 million current LCU | 294.11 million current LCU | 636.72 million current LCU | Cyprus |
| 2000s | 1.84 billion current LCU | 790.03 million current LCU | 1.05 billion current LCU | Cyprus |
| 2010s | 2.39 billion current LCU | 1.29 billion current LCU | 1.10 billion current LCU | Cyprus |
| 2020s | 3.12 billion current LCU | 2.37 billion current LCU | 756.31 million current LCU | Cyprus |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher compensation of employees, Cyprus or Latvia?
- Cyprus, at 3.66 billion current LCU against 2.86 billion current LCU in Latvia as of 2024.
- What is the difference in compensation of employees between Cyprus and Latvia?
- 801.90 million current LCU, with Cyprus ahead.
- How many years of comparable data are there for Cyprus and Latvia?
- 31 years are reported by both, from 1994 to 2024.
- How do Cyprus and Latvia rank globally for compensation of employees?
- Cyprus ranks 130th and Latvia ranks 131st of 156 countries.
- Where does this data come from?
- Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as Compensation of employees (current LCU). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Compensation of employees is defined as the total remuneration, in cash or in kind, payable by an enterprise to an employee in return for work done by the latter during the accounting period. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.