Georgia vs Latvia: Compensation of employees
Compensation of employees over time
- Georgia
- Latvia
How they compare
Georgia currently reports 3.91 billion current LCU against 2.86 billion current LCU in Latvia, a difference of 1.05 billion current LCU.
That makes Georgia's figure about 1.4 times Latvia's.
The two have swapped places 5 times across 30 shared years of data; in 1995 it was Latvia ahead.
Georgia ranks 129th and Latvia ranks 131st of 156 countries.
Across the 4 decades both report, Georgia averaged higher in 2 and Latvia in 2.
Head to head by decade
| Decade | Georgia | Latvia | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 92.78 million current LCU | 333.05 million current LCU | 240.27 million current LCU | Latvia |
| 2000s | 389.71 million current LCU | 790.03 million current LCU | 400.32 million current LCU | Latvia |
| 2010s | 1.64 billion current LCU | 1.29 billion current LCU | 343.33 million current LCU | Georgia |
| 2020s | 2.63 billion current LCU | 2.37 billion current LCU | 266.67 million current LCU | Georgia |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher compensation of employees, Georgia or Latvia?
- Georgia, at 3.91 billion current LCU against 2.86 billion current LCU in Latvia as of 2024.
- What is the difference in compensation of employees between Georgia and Latvia?
- 1.05 billion current LCU, with Georgia ahead.
- How many years of comparable data are there for Georgia and Latvia?
- 30 years are reported by both, from 1995 to 2024.
- How do Georgia and Latvia rank globally for compensation of employees?
- Georgia ranks 129th 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.