Prosperity gap in Canada
Canada: Prosperity gap was 0.7 average shortfall from a prosperity standard of $28/day in 2022. ▼ Falling
Prosperity gap in Canada, 1971–2022
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 average shortfall from a prosperity standard of $28/day.
Analysis
In 2022, prosperity gap in Canada stood at 0.7 average shortfall from a prosperity standard of $28/day.
That represents a change of up 16.7% on the previous year and unchanged over ten years.
Over the whole period, prosperity gap in Canada peaked at 2.6 average shortfall from a prosperity standard of $28/day in 1971 and was at its lowest, 0.5 average shortfall from a prosperity standard of $28/day, in 2020.
That places Canada 108th out of 121 countries with data for 2022, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 46 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 2.06 average shortfall from a prosperity standard of $28/day | 1.7 average shortfall from a prosperity standard of $28/day | 2.6 average shortfall from a prosperity standard of $28/day | 5 |
| 1980s | 1.4 average shortfall from a prosperity standard of $28/day | 1.2 average shortfall from a prosperity standard of $28/day | 1.9 average shortfall from a prosperity standard of $28/day | 8 |
| 1990s | 1.34 average shortfall from a prosperity standard of $28/day | 0.9 average shortfall from a prosperity standard of $28/day | 1.9 average shortfall from a prosperity standard of $28/day | 10 |
| 2000s | 0.76 average shortfall from a prosperity standard of $28/day | 0.7 average shortfall from a prosperity standard of $28/day | 0.8 average shortfall from a prosperity standard of $28/day | 10 |
| 2010s | 0.66 average shortfall from a prosperity standard of $28/day | 0.6 average shortfall from a prosperity standard of $28/day | 0.7 average shortfall from a prosperity standard of $28/day | 10 |
| 2020s | 0.6 average shortfall from a prosperity standard of $28/day | 0.5 average shortfall from a prosperity standard of $28/day | 0.7 average shortfall from a prosperity standard of $28/day | 3 |
Countries ranked near Canada
- 105 Austria 0.8 average shortfall from a prosperity standard of $28/day compare
- 105 Czechia 0.8 average shortfall from a prosperity standard of $28/day compare
- 105 Denmark 0.8 average shortfall from a prosperity standard of $28/day compare
- 108 Finland 0.7 average shortfall from a prosperity standard of $28/day compare
- 108 Ireland 0.7 average shortfall from a prosperity standard of $28/day compare
- 108 South Korea 0.7 average shortfall from a prosperity standard of $28/day compare
- 108 Malta 0.7 average shortfall from a prosperity standard of $28/day compare
More poverty & inequality data for Canada
- Poverty headcount ratio at $8.30 a day (2021 PPP) 0.6% (2022)
- Poverty headcount ratio at $4.20 a day (2021 PPP) 0.3% (2022)
- Poverty gap at $3.00 a day (2021 PPP) 0.2% (2022)
- Poverty headcount ratio at $3.00 a day (2021 PPP) 0.3% (2022)
- Poverty gap at $8.30 a day (2021 PPP) 0.3% (2022)
- Poverty headcount ratio at societal poverty line 12.2% (2022)
- Poverty gap at $4.20 a day (2021 PPP) 0.2% (2022)
- Population living in slums 1.1% (2022)
- Income share held by second 20% 13.0% (2022)
- Gini index 31.5 (2022)
Frequently asked questions
- What is prosperity gap in Canada?
- Prosperity gap in Canada was 0.7 average shortfall from a prosperity standard of $28/day 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 prosperity gap recorded in Canada?
- The highest recorded value was 2.6 average shortfall from a prosperity standard of $28/day in 1971.
- What is the lowest prosperity gap recorded in Canada?
- The lowest recorded value was 0.5 average shortfall from a prosperity standard of $28/day in 2020.
- How does Canada rank for prosperity gap?
- Canada ranks 108th out of 121 countries with data for 2022.
- Is prosperity gap rising or falling in Canada?
- Over the last ten years it is unchanged. The long-run trend across the full record is falling.
- Where does this Canada 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.
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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.