Poverty & Inequality in Latvia 21 indicators covering poverty & inequality for Latvia. IndicatorLatest Year10-yr change Rank Poverty headcount ratio at $8.30 a day (2021 PPP) 2.8% 2023 down 72.0% 91st Poverty headcount ratio at $4.20 a day (2021 PPP) 0.7% 2023 down 74.1% 88th Poverty headcount ratio at $3.00 a day (2021 PPP) 0.4% 2023 down 73.3% 82nd Poverty gap at $3.00 a day (2021 PPP) 0.3% 2023 down 62.5% 68th Prosperity gap 1.3 average shortfall from a prosperity standard of $28/day 2023 down 43.5% 87th Poverty gap at $8.30 a day (2021 PPP) 1.0% 2023 down 71.4% 92nd Poverty headcount ratio at societal poverty line 14.0% 2023 down 17.6% 91st Poverty gap at $4.20 a day (2021 PPP) 0.4% 2023 down 66.7% 79th Population living in slums 0.6% 2022 down 54.4% 133rd Income share held by second 20% 12.4% 2023 up 1.6% 49th Gini index 34 2023 down 4.2% 59th Income share held by lowest 20% 7.2% 2023 up 10.8% 63rd Income share held by lowest 10% 2.6% 2023 up 13.0% 75th Income share held by highest 10% 26.2% 2023 down 2.2% 65th Income share held by highest 20% 41.5% 2023 down 2.6% 64th Income share held by fourth 20% 22.4% 2023 down 0.9% 45th Income share held by third 20% 16.5% 2023 up 1.9% 52nd Proportion of people living below 50 percent of median income 12.3% 2023 down 10.9% 51st Share of population living in extreme poverty vs. GDP per capita 0.4% 2023 down 71.1% 80th Poverty headcount ratio at national poverty lines 22.5% 2022 up 16.0% 19th Multidimensional poverty headcount ratio (World Bank) 0.7% 2023 down 69.6% 44th