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Prosperity gap in Latvia

Latvia: Prosperity gap was 1.3 average shortfall from a prosperity standard of $28/day in 2023. ▼ Falling

Latest (2023)
1.3 average shortfall from a prosperity standard of $28/day
Change on year
up 8.3%
World rank
87th
of 121 countries
All-time high
3.8 average shortfall from a prosperity standard of $28/day
in 1997
All-time low
1.2 average shortfall from a prosperity standard of $28/day
in 2021
Years of data
27
1993–2023

Prosperity gap in Latvia, 1993–2023

12341993200820231993: 3.6 average shortfall from a prosperity standard of $28/day1995: 3.3 average shortfall from a prosperity standard of $28/day1996: 3.5 average shortfall from a prosperity standard of $28/day1997: 3.8 average shortfall from a prosperity standard of $28/day1998: 3.6 average shortfall from a prosperity standard of $28/day2002: 2.8 average shortfall from a prosperity standard of $28/day2003: 2.5 average shortfall from a prosperity standard of $28/day2004: 3.6 average shortfall from a prosperity standard of $28/day2005: 3.4 average shortfall from a prosperity standard of $28/day2006: 2.6 average shortfall from a prosperity standard of $28/day2007: 1.9 average shortfall from a prosperity standard of $28/day2008: 2.1 average shortfall from a prosperity standard of $28/day2009: 2.7 average shortfall from a prosperity standard of $28/day2010: 2.7 average shortfall from a prosperity standard of $28/day2011: 2.4 average shortfall from a prosperity standard of $28/day2012: 2.3 average shortfall from a prosperity standard of $28/day2013: 2.3 average shortfall from a prosperity standard of $28/day2014: 1.9 average shortfall from a prosperity standard of $28/day2015: 1.8 average shortfall from a prosperity standard of $28/day2016: 1.6 average shortfall from a prosperity standard of $28/day2017: 1.6 average shortfall from a prosperity standard of $28/day2018: 1.4 average shortfall from a prosperity standard of $28/day2019: 1.3 average shortfall from a prosperity standard of $28/day2020: 1.3 average shortfall from a prosperity standard of $28/day2021: 1.2 average shortfall from a prosperity standard of $28/day2022: 1.2 average shortfall from a prosperity standard of $28/day2023: 1.3 average shortfall from a prosperity standard of $28/day

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

Latvia recorded 1.3 average shortfall from a prosperity standard of $28/day for prosperity gap in 2023.

The figure is up 8.3% on the previous year and down 43.5% over ten years.

Over the whole period, prosperity gap in Latvia peaked at 3.8 average shortfall from a prosperity standard of $28/day in 1997 and was at its lowest, 1.2 average shortfall from a prosperity standard of $28/day, in 2021.

That places Latvia 87th out of 121 countries with data for 2023, putting it in the middle of the range.

The long-run direction has been consistently falling across the 27 years of available data.

Averages by decade

DecadeAverage LowestHighest Years
1990s 3.56 average shortfall from a prosperity standard of $28/day 3.3 average shortfall from a prosperity standard of $28/day 3.8 average shortfall from a prosperity standard of $28/day 5
2000s 2.7 average shortfall from a prosperity standard of $28/day 1.9 average shortfall from a prosperity standard of $28/day 3.6 average shortfall from a prosperity standard of $28/day 8
2010s 1.93 average shortfall from a prosperity standard of $28/day 1.3 average shortfall from a prosperity standard of $28/day 2.7 average shortfall from a prosperity standard of $28/day 10
2020s 1.25 average shortfall from a prosperity standard of $28/day 1.2 average shortfall from a prosperity standard of $28/day 1.3 average shortfall from a prosperity standard of $28/day 4

Countries ranked near Latvia

  1. 84 Bulgaria 1.4 average shortfall from a prosperity standard of $28/day compare
  2. 84 Italy 1.4 average shortfall from a prosperity standard of $28/day compare
  3. 84 Uruguay 1.4 average shortfall from a prosperity standard of $28/day compare
  4. 87 Greece 1.3 average shortfall from a prosperity standard of $28/day compare
  5. 87 Romania 1.3 average shortfall from a prosperity standard of $28/day compare
  6. 87 Spain 1.3 average shortfall from a prosperity standard of $28/day compare
  7. 87 Turkey 1.3 average shortfall from a prosperity standard of $28/day compare
  8. 87 United States 1.3 average shortfall from a prosperity standard of $28/day compare

See the full ranking of 136 places →

More poverty & inequality data for Latvia

All data for Latvia →

Frequently asked questions

What is prosperity gap in Latvia?
Prosperity gap in Latvia was 1.3 average shortfall from a prosperity standard of $28/day in 2023, 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 Latvia?
The highest recorded value was 3.8 average shortfall from a prosperity standard of $28/day in 1997.
What is the lowest prosperity gap recorded in Latvia?
The lowest recorded value was 1.2 average shortfall from a prosperity standard of $28/day in 2021.
How does Latvia rank for prosperity gap?
Latvia ranks 87th out of 121 countries with data for 2023.
Is prosperity gap rising or falling in Latvia?
Over the last ten years it is down 43.5%. The long-run trend across the full record is falling.
Where does this Latvia 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 — 27 observations, free to reuse under CC BY 4.0 (World Bank Open Data).

About this data

Indicator
Prosperity gap (average shortfall from a prosperity standard of $28/day)
Unit
average shortfall from a prosperity standard of $28/day
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
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
136 places, 2,849 data points, 1963–2025
Last refreshed

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.