I've come across a few of this photo statuettes, sometimes called humanettes and featuring a photo mounted onto a wooden cutout, which I've learned were an American invention from the Depression era. I believe this is quite an early one, featuring a kid very smartly dressed in suit and aviator googles, who I have to hope was not actually driving the plane! 

I need to double check dimensions but about 5 inches tall, photo mounted on wood. Surface of photo shows some scratches and wear, as pictured, especially on the hand, but structurally in great shape.