Economist: Latvia vs South Korea
Side-by-side salary comparison · Estimated based on OECD & BLS data
🇰🇷 South Korea pays 75% more
Latvia
EUR
Estimated Salary (USD)
$38,446
per year
Local Currency (EUR)
€35,370
per year
PPP Adjusted
$127,148
purchasing power
Big Mac Power
8,250
burgers / year
Global Percentile
Bottom 21%
South Korea
KRW
Estimated Salary (USD)
$67,415
per year
Local Currency (KRW)
₩88,987,800
per year
PPP Adjusted
$142,978
purchasing power
Big Mac Power
13,702
burgers / year
Global Percentile
Top 45%
Visual Comparison
Salary (USD)
PPP Adjusted (USD)
Big Mac Power (burgers/year)
Key Takeaways
- ●
Economists in South Korea earn 75% more than in Latvia (nominal USD).
- ●
After adjusting for purchasing power (PPP), South Korea actually leads by 12%.
- ●
Using the Big Mac Index, a Economist's salary buys 1.7x more Big Macs in South Korea.
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Frequently Asked Questions
Who pays Economists more: Latvia or South Korea?▾
South Korea pays Economists an estimated $67,415 USD per year, which is 75% more than Latvia's estimated $38,446 USD.
What is the PPP-adjusted salary for a Economist in Latvia vs South Korea?▾
The PPP-adjusted salary is $127,148 USD in Latvia and $142,978 USD in South Korea. PPP adjustment accounts for cost of living differences between the two countries.
How does the purchasing power compare for Economists?▾
Using the Big Mac Index, a Economist in Latvia can buy about 8,250 Big Macs per year, while in South Korea it's about 13,702 Big Macs.
Estimated based on OECD & BLS data. Actual salaries vary by experience, company, and region. Data is for informational purposes only.
Sources: BLS OEWS · OECD · World Bank · Big Mac Index