Statement:
In Latvia the cost of living is lower than in Venezuela

In the Cost of Living rating Latvia holds position #45 2012 out of 90 and Venezuela is #12 out of 102 2013.
Position of Latvia is better than position of Venezuela.
Venezuela is leader of the "Cost of Living" rating. Living in Venezuela is really expensive, compared to Latvia

Referencies:

  1. Cost of Living 2022 by Numbeo
    The countries in the rating sorted by 'Cost of Living Index' in descending order.
    Latvia 'Cost of Living Index' value is 45.21
    Venezuela 'Cost of Living Index' value is 41.77
  2. Cost of Living 2021 by Numbeo
    The countries in the rating sorted by 'Cost of Living Index' in descending order.
    Latvia 'Cost of Living Index' value is 50.41
    Venezuela 'Cost of Living Index' value is 45.96
  3. Cost of Living 2020 by Numbeo
    The countries in the rating sorted by 'Cost of Living Index' in descending order.
    Latvia 'Cost of Living Index' value is 49.18
  4. Cost of Living 2019 by Numbeo
    The countries in the rating sorted by 'Cost of Living Index' in descending order.
    Latvia 'Cost of Living Index' value is 49.55
    Venezuela 'Cost of Living Index' value is 27.22
  5. Cost of Living 2018 by Numbeo
    The countries in the rating sorted by 'Cost of Living Index' in descending order.
    Latvia 'Cost of Living Index' value is 49.37
    Venezuela 'Cost of Living Index' value is 27.62
  6. Cost of Living 2017 by Numbeo
    The countries in the rating sorted by 'Cost of Living Index' in descending order.
    Latvia 'Cost of Living Index' value is 51.81
    Venezuela 'Cost of Living Index' value is 35.15
  7. Cost of Living 2016 by Numbeo
    The countries in the rating sorted by 'Cost of Living Index' in descending order.
    Latvia 'Cost of Living Index' value is 47.98
    Venezuela 'Cost of Living Index' value is 40.34
  8. Cost of Living 2015 by Numbeo
    The countries in the rating sorted by 'Cost of Living Index' in descending order.
    Latvia 'Cost of Living Index' value is 48.71
    Venezuela 'Cost of Living Index' value is 82.81
  9. Cost of Living 2014 by Numbeo
    The countries in the rating sorted by 'Cost of Living Index' in descending order.
    Latvia 'Cost of Living Index' value is 64.10
    Venezuela 'Cost of Living Index' value is 119.05
  10. Cost of Living 2013 by Numbeo
    The countries in the rating sorted by 'Cost of Living Index' in descending order.
    Latvia 'Cost of Living Index' value is 67.96
    Venezuela 'Cost of Living Index' value is 111.01
  11. Cost of Living 2012 by Numbeo
    The countries in the rating sorted by 'Cost of Living Index' in descending order.
    Latvia 'Cost of Living Index' value is 67.76