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Latvia. Cost-of-living index: 50.9. Local purchasing power: 52.8. It costs about 21% less to live in Latvia than in the U.S..Groceries and healthcare are cheaper, as well.
The economy of Latvia is an open economy in Europe and is part of the European Single Market. Latvia is a member of the World Trade Organization (WTO) since 1999, [21] a member of the European Union since 2004, a member of the Eurozone since 2014 and a member of the OECD since 2016. [22]
Countries by median wealth ( US dollars) per adult. From 2021 publication of Credit Suisse. This is a list of countries of the world by wealth per adult or household, from sources such as UBS 's annual Global Wealth Databook [1] and the OECD 's Better Life Index. [2] Wealth includes both financial and non-financial assets.
The countries and territories on the map have a net average monthly salary (adjusted for living costs in PPP) of: Purple. above $4,000. Green. $3,000 to $3,999. Blue. $2,000 to $2,999. Orange. $1,499 to $1,999.
Disposable household and per capita income. Household income is a measure of the combined incomes of all people sharing a particular household or place of residence. It includes every form of income, e.g., salaries and wages, retirement income, near cash government transfers like food stamps, and investment gains.
The index considers the health, education, income and living conditions in a given country to provide a measure of human development which is comparable between countries and over time. [1] [2] The HDI is the most widely used indicator of human development and has changed how people view the concept.
A country's gross domestic product (GDP) at purchasing power parity (PPP) per capita is the PPP value of all final goods and services produced within an economy in a given year, divided by the average (or mid-year) population for the same year. This is similar to nominal GDP per capita but adjusted for the cost of living in each country.
Gross income. The map below shows adult, minimum monthly income before the deduction of taxes and social charges; some countries have a different rate for certain age brackets (e.g. under 21). Purple. €1,500 and above. Light blue. €800 to €1,499. Yellow. €400 to €799. Red.