Latvian vs South American Per Capita Income
COMPARE
Latvian
South American
Per Capita Income
Per Capita Income Comparison
Latvians
South Americans
$52,649
PER CAPITA INCOME
100.0/ 100
METRIC RATING
28th/ 347
METRIC RANK
$44,114
PER CAPITA INCOME
62.4/ 100
METRIC RATING
159th/ 347
METRIC RANK
Latvian vs South American Per Capita Income Correlation Chart
The statistical analysis conducted on geographies consisting of 220,728,386 people shows a weak negative correlation between the proportion of Latvians and per capita income in the United States with a correlation coefficient (R) of -0.257 and weighted average of $52,649. Similarly, the statistical analysis conducted on geographies consisting of 494,145,698 people shows a poor negative correlation between the proportion of South Americans and per capita income in the United States with a correlation coefficient (R) of -0.179 and weighted average of $44,114, a difference of 19.4%.
Per Capita Income Correlation Summary
| Measurement | Latvian | South American |
| Minimum | $3,646 | $23,579 |
| Maximum | $115,504 | $64,213 |
| Range | $111,858 | $40,635 |
| Mean | $51,165 | $40,955 |
| Median | $52,046 | $41,221 |
| Interquartile 25% (IQ1) | $36,086 | $34,406 |
| Interquartile 75% (IQ3) | $65,124 | $46,619 |
| Interquartile Range (IQR) | $29,038 | $12,213 |
| Standard Deviation (Sample) | $21,773 | $8,864 |
| Standard Deviation (Population) | $21,617 | $8,825 |
Similar Demographics by Per Capita Income
Demographics Similar to Latvians by Per Capita Income
In terms of per capita income, the demographic groups most similar to Latvians are Immigrants from South Central Asia ($52,660, a difference of 0.020%), Israeli ($52,596, a difference of 0.10%), Immigrants from Austria ($52,503, a difference of 0.28%), Turkish ($52,391, a difference of 0.49%), and Immigrants from Norway ($52,217, a difference of 0.83%).
| Demographics | Rating | Rank | Per Capita Income |
| Immigrants | Northern Europe | 100.0 /100 | #21 | Exceptional $54,159 |
| Indians (Asian) | 100.0 /100 | #22 | Exceptional $53,874 |
| Immigrants | Eastern Asia | 100.0 /100 | #23 | Exceptional $53,806 |
| Immigrants | Denmark | 100.0 /100 | #24 | Exceptional $53,799 |
| Immigrants | Japan | 100.0 /100 | #25 | Exceptional $53,359 |
| Russians | 100.0 /100 | #26 | Exceptional $53,154 |
| Immigrants | South Central Asia | 100.0 /100 | #27 | Exceptional $52,660 |
| Latvians | 100.0 /100 | #28 | Exceptional $52,649 |
| Israelis | 100.0 /100 | #29 | Exceptional $52,596 |
| Immigrants | Austria | 100.0 /100 | #30 | Exceptional $52,503 |
| Turks | 100.0 /100 | #31 | Exceptional $52,391 |
| Immigrants | Norway | 100.0 /100 | #32 | Exceptional $52,217 |
| Australians | 100.0 /100 | #33 | Exceptional $52,074 |
| Immigrants | Russia | 100.0 /100 | #34 | Exceptional $52,044 |
| Burmese | 100.0 /100 | #35 | Exceptional $52,005 |
Demographics Similar to South Americans by Per Capita Income
In terms of per capita income, the demographic groups most similar to South Americans are Danish ($44,095, a difference of 0.040%), Costa Rican ($44,090, a difference of 0.050%), Swiss ($44,076, a difference of 0.090%), Immigrants from South America ($44,068, a difference of 0.10%), and Immigrants from Nepal ($44,187, a difference of 0.17%).
| Demographics | Rating | Rank | Per Capita Income |
| Peruvians | 71.5 /100 | #152 | Good $44,479 |
| Scottish | 70.6 /100 | #153 | Good $44,440 |
| Portuguese | 68.7 /100 | #154 | Good $44,362 |
| Uruguayans | 67.6 /100 | #155 | Good $44,318 |
| Slovaks | 65.4 /100 | #156 | Good $44,229 |
| South American Indians | 64.8 /100 | #157 | Good $44,206 |
| Immigrants | Nepal | 64.3 /100 | #158 | Good $44,187 |
| South Americans | 62.4 /100 | #159 | Good $44,114 |
| Danes | 61.9 /100 | #160 | Good $44,095 |
| Costa Ricans | 61.8 /100 | #161 | Good $44,090 |
| Swiss | 61.4 /100 | #162 | Good $44,076 |
| Immigrants | South America | 61.2 /100 | #163 | Good $44,068 |
| Sri Lankans | 59.8 /100 | #164 | Average $44,014 |
| Immigrants | Philippines | 59.4 /100 | #165 | Average $44,000 |
| Immigrants | Uruguay | 59.3 /100 | #166 | Average $43,997 |