Psychologist: 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)
$24,812
per year
Local Currency (EUR)
€22,827
per year
PPP Adjusted
$82,058
purchasing power
Big Mac Power
5,324
burgers / year
Global Percentile
Bottom 21%
South Korea
KRW
Estimated Salary (USD)
$43,508
per year
Local Currency (KRW)
₩57,430,560
per year
PPP Adjusted
$92,275
purchasing power
Big Mac Power
8,843
burgers / year
Global Percentile
Top 45%
Visual Comparison
Salary (USD)
PPP Adjusted (USD)
Big Mac Power (burgers/year)
Key Takeaways
- ●
Psychologists 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 Psychologist's salary buys 1.7x more Big Macs in South Korea.
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Frequently Asked Questions
Who pays Psychologists more: Latvia or South Korea?▾
South Korea pays Psychologists an estimated $43,508 USD per year, which is 75% more than Latvia's estimated $24,812 USD.
What is the PPP-adjusted salary for a Psychologist in Latvia vs South Korea?▾
The PPP-adjusted salary is $82,058 USD in Latvia and $92,275 USD in South Korea. PPP adjustment accounts for cost of living differences between the two countries.
How does the purchasing power compare for Psychologists?▾
Using the Big Mac Index, a Psychologist in Latvia can buy about 5,324 Big Macs per year, while in South Korea it's about 8,843 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