Prosperity gap in Chile
Chile: Prosperity gap was 1.6 average shortfall from a prosperity standard of $28/day in 2024. ▼ Falling
Prosperity gap in Chile, 1987–2024
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
Chile recorded 1.6 average shortfall from a prosperity standard of $28/day for prosperity gap in 2024. That is the lowest value across all 17 years on record.
The figure is down 11.1% on the previous year and down 27.3% over ten years.
Over the whole period, prosperity gap in Chile peaked at 7.4 average shortfall from a prosperity standard of $28/day in 1987 and was at its lowest, 1.6 average shortfall from a prosperity standard of $28/day, in 2024.
That places Chile 80th out of 121 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently falling across the 17 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 7.4 average shortfall from a prosperity standard of $28/day | 7.4 average shortfall from a prosperity standard of $28/day | 7.4 average shortfall from a prosperity standard of $28/day | 1 |
| 1990s | 5.08 average shortfall from a prosperity standard of $28/day | 4.3 average shortfall from a prosperity standard of $28/day | 6.3 average shortfall from a prosperity standard of $28/day | 5 |
| 2000s | 3.97 average shortfall from a prosperity standard of $28/day | 3 average shortfall from a prosperity standard of $28/day | 4.8 average shortfall from a prosperity standard of $28/day | 4 |
| 2010s | 2.2 average shortfall from a prosperity standard of $28/day | 1.9 average shortfall from a prosperity standard of $28/day | 2.7 average shortfall from a prosperity standard of $28/day | 4 |
| 2020s | 1.97 average shortfall from a prosperity standard of $28/day | 1.6 average shortfall from a prosperity standard of $28/day | 2.5 average shortfall from a prosperity standard of $28/day | 3 |
Countries ranked near Chile
- 77 Bhutan 1.9 average shortfall from a prosperity standard of $28/day compare
- 77 Hungary 1.9 average shortfall from a prosperity standard of $28/day compare
- 79 Costa Rica 1.7 average shortfall from a prosperity standard of $28/day compare
- 80 Belarus 1.6 average shortfall from a prosperity standard of $28/day compare
- 80 Lithuania 1.6 average shortfall from a prosperity standard of $28/day compare
- 83 Slovakia 1.5 average shortfall from a prosperity standard of $28/day compare
More poverty & inequality data for Chile
- Poverty headcount ratio at $8.30 a day (2021 PPP) 4.5% (2024)
- Poverty headcount ratio at $4.20 a day (2021 PPP) 0.7% (2024)
- Poverty gap at $3.00 a day (2021 PPP) 0.3% (2024)
- Poverty headcount ratio at $3.00 a day (2021 PPP) 0.4% (2024)
- Poverty gap at $8.30 a day (2021 PPP) 1.3% (2024)
- Poverty headcount ratio at societal poverty line 17.6% (2024)
- Poverty gap at $4.20 a day (2021 PPP) 0.3% (2024)
- Population living in slums 7.3% (2022)
- Income share held by second 20% 9.9% (2024)
- Gini index 43 (2024)
Frequently asked questions
- What is prosperity gap in Chile?
- Prosperity gap in Chile was 1.6 average shortfall from a prosperity standard of $28/day in 2024, 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 Chile?
- The highest recorded value was 7.4 average shortfall from a prosperity standard of $28/day in 1987.
- What is the lowest prosperity gap recorded in Chile?
- The lowest recorded value was 1.6 average shortfall from a prosperity standard of $28/day in 2024.
- How does Chile rank for prosperity gap?
- Chile ranks 80th out of 121 countries with data for 2024.
- Is prosperity gap rising or falling in Chile?
- Over the last ten years it is down 27.3%. The long-run trend across the full record is falling.
- Where does this Chile 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.