Cyprus vs Latvia: Compensation of employees

Cyprus

3.66 billion current LCU

in 2024

Latvia

2.86 billion current LCU

in 2024

Cyprus rank

130th

Latvia rank

131st

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.

Globally, Cyprus ranks 130th and Latvia ranks 131st of 156 countries.

Individual pages

About this data

Indicator: Compensation of employees (current LCU)
Unit: current LCU
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF)
Licence: CC BY 4.0 (World Bank Open Data)
Coverage: 156 places, 4,496 data points, 1972–2024
Last refreshed: 06 August 2026

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.