Prosperity gap in Australia
Australia: Prosperity gap was 1.2 average shortfall from a prosperity standard of $28/day in 2020. ▼ Falling
Prosperity gap in Australia, 1981–2020
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 average shortfall from a prosperity standard of $28/day.
Analysis
Australia recorded 1.2 average shortfall from a prosperity standard of $28/day for prosperity gap in 2020.
That represents a change of up 20.0% on the previous year and up 33.3% over ten years.
Over the whole period, prosperity gap in Australia peaked at 1.5 average shortfall from a prosperity standard of $28/day in 1995 and was at its lowest, 0.9 average shortfall from a prosperity standard of $28/day, in 2008.
That places Australia 93rd out of 121 countries with data for 2020, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 13 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 1.33 average shortfall from a prosperity standard of $28/day | 1.3 average shortfall from a prosperity standard of $28/day | 1.4 average shortfall from a prosperity standard of $28/day | 3 |
| 1990s | 1.5 average shortfall from a prosperity standard of $28/day | 1.5 average shortfall from a prosperity standard of $28/day | 1.5 average shortfall from a prosperity standard of $28/day | 1 |
| 2000s | 1.25 average shortfall from a prosperity standard of $28/day | 0.9 average shortfall from a prosperity standard of $28/day | 1.5 average shortfall from a prosperity standard of $28/day | 4 |
| 2010s | 0.925 average shortfall from a prosperity standard of $28/day | 0.9 average shortfall from a prosperity standard of $28/day | 1 average shortfall from a prosperity standard of $28/day | 4 |
| 2020s | 1.2 average shortfall from a prosperity standard of $28/day | 1.2 average shortfall from a prosperity standard of $28/day | 1.2 average shortfall from a prosperity standard of $28/day | 1 |
Countries ranked near Australia
More poverty & inequality data for Australia
- Poverty headcount ratio at $8.30 a day (2021 PPP) 1.5% (2020)
- Poverty headcount ratio at $4.20 a day (2021 PPP) 1.1% (2020)
- Poverty gap at $3.00 a day (2021 PPP) 0.6% (2020)
- Poverty headcount ratio at $3.00 a day (2021 PPP) 0.9% (2020)
- Poverty gap at $8.30 a day (2021 PPP) 1.0% (2020)
- Poverty headcount ratio at societal poverty line 12.6% (2020)
- Poverty gap at $4.20 a day (2021 PPP) 0.7% (2020)
- Population living in slums 0.0% (2022)
- Income share held by second 20% 12.4% (2020)
- Gini index 33.8 (2020)
Frequently asked questions
- What is prosperity gap in Australia?
- Prosperity gap in Australia was 1.2 average shortfall from a prosperity standard of $28/day in 2020, 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 prosperity gap recorded in Australia?
- The highest recorded value was 1.5 average shortfall from a prosperity standard of $28/day in 1995.
- What is the lowest prosperity gap recorded in Australia?
- The lowest recorded value was 0.9 average shortfall from a prosperity standard of $28/day in 2008.
- How does Australia rank for prosperity gap?
- Australia ranks 93rd out of 121 countries with data for 2020.
- Is prosperity gap rising or falling in Australia?
- Over the last ten years it is up 33.3%. The long-run trend across the full record is falling.
- Where does this Australia 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 Prosperity gap (average shortfall from a prosperity standard of $28/day). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 13 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
The average shortfall from a prosperity standard of $28 per day (adjusted for differences in purchasing power parity across countries). It is measured as the average factor by which incomes fall short of $28.