Petroleum Engineer: 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)
$41,810
per year
Local Currency (EUR)
€38,465
per year
PPP Adjusted
$138,274
purchasing power
Big Mac Power
8,972
burgers / year
Global Percentile
Bottom 21%
South Korea
KRW
Estimated Salary (USD)
$73,313
per year
Local Currency (KRW)
₩96,773,160
per year
PPP Adjusted
$155,487
purchasing power
Big Mac Power
14,901
burgers / year
Global Percentile
Top 45%
Visual Comparison
Salary (USD)
PPP Adjusted (USD)
Big Mac Power (burgers/year)
Key Takeaways
- ●
Petroleum Engineers 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 Petroleum Engineer's salary buys 1.7x more Big Macs in South Korea.
Free · No login required
Explore More
Frequently Asked Questions
Who pays Petroleum Engineers more: Latvia or South Korea?▾
South Korea pays Petroleum Engineers an estimated $73,313 USD per year, which is 75% more than Latvia's estimated $41,810 USD.
What is the PPP-adjusted salary for a Petroleum Engineer in Latvia vs South Korea?▾
The PPP-adjusted salary is $138,274 USD in Latvia and $155,487 USD in South Korea. PPP adjustment accounts for cost of living differences between the two countries.
How does the purchasing power compare for Petroleum Engineers?▾
Using the Big Mac Index, a Petroleum Engineer in Latvia can buy about 8,972 Big Macs per year, while in South Korea it's about 14,901 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