Poverty gap at $8.30 a day (2021 PPP) in Mongolia
Mongolia: Poverty gap at $8.30 a day (2021 PPP) was 6.0% in 2022. ◆ Volatile
Poverty gap at $8.30 a day (2021 PPP) in Mongolia, 1995–2022
Source: World Bank, Poverty and Inequality Platform. Data are based on primary household survey data obtained from government statistical agencies and World Bank country departments. Data for high-income econ. Measured in %.
Analysis
In 2022, poverty gap at $8.30 a day (2021 ppp) in Mongolia stood at 6.0%. That is the lowest value across all 11 years on record.
Compared with earlier readings it is down 42.9% over ten years.
Over the whole period, poverty gap at $8.30 a day (2021 ppp) in Mongolia peaked at 54.2% in 1998 and was at its lowest, 6.0%, in 2022.
That places Mongolia 60th out of 121 countries with data for 2022, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 46.2% | 38.3% | 54.2% | 2 |
| 2000s | 27.5% | 18.8% | 36.1% | 2 |
| 2010s | 12.7% | 8.2% | 17.2% | 6 |
| 2020s | 6.0% | 6.0% | 6.0% | 1 |
Countries ranked near Mongolia
More poverty & inequality data for Mongolia
- Poverty headcount ratio at $8.30 a day (2021 PPP) 24.4% (2022)
- Poverty headcount ratio at $4.20 a day (2021 PPP) 2.3% (2022)
- Poverty gap at $3.00 a day (2021 PPP) 0.1% (2022)
- Poverty headcount ratio at $3.00 a day (2021 PPP) 0.4% (2022)
- Prosperity gap 2.7 average shortfall from a prosperity standard of $28/day (2022)
- Poverty headcount ratio at societal poverty line 17.7% (2022)
- Poverty gap at $4.20 a day (2021 PPP) 0.4% (2022)
- Population living in slums 17.9% (2022)
- Income share held by second 20% 12.6% (2022)
- Gini index 31.4 (2022)
Frequently asked questions
- What is poverty gap at $8.30 a day (2021 ppp) in Mongolia?
- Poverty gap at $8.30 a day (2021 ppp) in Mongolia was 6.0% in 2022, according to World Bank, Poverty and Inequality Platform. Data are based on primary household survey data obtained from government statistical agencies and World Bank country departments. Data for high-income econ.
- What is the highest poverty gap at $8.30 a day (2021 ppp) recorded in Mongolia?
- The highest recorded value was 54.2% in 1998.
- What is the lowest poverty gap at $8.30 a day (2021 ppp) recorded in Mongolia?
- The lowest recorded value was 6.0% in 2022.
- How does Mongolia rank for poverty gap at $8.30 a day (2021 ppp)?
- Mongolia ranks 60th out of 121 countries with data for 2022.
- Is poverty gap at $8.30 a day (2021 ppp) rising or falling in Mongolia?
- Over the last ten years it is down 42.9%. The long-run trend across the full record is volatile.
- Where does this Mongolia data come from?
- The figures come from World Bank, Poverty and Inequality Platform. Data are based on primary household survey data obtained from government statistical agencies and World Bank country departments. Data for high-income econ, published as part of Poverty gap at $8.30 a day (2021 PPP) (%). Statizoid updates them automatically from the source API.
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About this data
Poverty gap at $8.30 a day (2021 PPP) is the mean shortfall in income or consumption from the poverty line $8.30 a day (counting the nonpoor as having zero shortfall), expressed as a percentage of the poverty line. This measure reflects the depth of poverty as well as its incidence.