Entrepreneur: 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)
$27,233
per year
Local Currency (EUR)
€25,054
per year
PPP Adjusted
$90,065
purchasing power
Big Mac Power
5,844
burgers / year
Global Percentile
Bottom 21%
South Korea
KRW
Estimated Salary (USD)
$47,752
per year
Local Currency (KRW)
₩63,032,640
per year
PPP Adjusted
$101,276
purchasing power
Big Mac Power
9,706
burgers / year
Global Percentile
Top 45%
Visual Comparison
Salary (USD)
PPP Adjusted (USD)
Big Mac Power (burgers/year)
Key Takeaways
- ●
Entrepreneurs 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 Entrepreneur's salary buys 1.7x more Big Macs in South Korea.
Free · No login required
Explore More
Frequently Asked Questions
Who pays Entrepreneurs more: Latvia or South Korea?▾
South Korea pays Entrepreneurs an estimated $47,752 USD per year, which is 75% more than Latvia's estimated $27,233 USD.
What is the PPP-adjusted salary for a Entrepreneur in Latvia vs South Korea?▾
The PPP-adjusted salary is $90,065 USD in Latvia and $101,276 USD in South Korea. PPP adjustment accounts for cost of living differences between the two countries.
How does the purchasing power compare for Entrepreneurs?▾
Using the Big Mac Index, a Entrepreneur in Latvia can buy about 5,844 Big Macs per year, while in South Korea it's about 9,706 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