Prosperity gap in Mongolia
Mongolia: Prosperity gap was 2.7 average shortfall from a prosperity standard of $28/day in 2022. ▼ Falling
Prosperity gap 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 average shortfall from a prosperity standard of $28/day.
Analysis
Mongolia recorded 2.7 average shortfall from a prosperity standard of $28/day for prosperity gap in 2022. That is the lowest value across all 11 years on record.
That represents a change of down 15.6% over ten years.
Over the whole period, prosperity gap in Mongolia peaked at 9.8 average shortfall from a prosperity standard of $28/day in 1998 and was at its lowest, 2.7 average shortfall from a prosperity standard of $28/day, in 2022.
Mongolia ranks 55th of 121 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 11 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 8.3 average shortfall from a prosperity standard of $28/day | 6.8 average shortfall from a prosperity standard of $28/day | 9.8 average shortfall from a prosperity standard of $28/day | 2 |
| 2000s | 5.35 average shortfall from a prosperity standard of $28/day | 4.1 average shortfall from a prosperity standard of $28/day | 6.6 average shortfall from a prosperity standard of $28/day | 2 |
| 2010s | 3.48 average shortfall from a prosperity standard of $28/day | 3 average shortfall from a prosperity standard of $28/day | 4 average shortfall from a prosperity standard of $28/day | 6 |
| 2020s | 2.7 average shortfall from a prosperity standard of $28/day | 2.7 average shortfall from a prosperity standard of $28/day | 2.7 average shortfall from a prosperity standard of $28/day | 1 |
Countries ranked near Mongolia
- 52 North Macedonia 2.9 average shortfall from a prosperity standard of $28/day compare
- 52 Palestine 2.9 average shortfall from a prosperity standard of $28/day compare
- 54 Montenegro 2.8 average shortfall from a prosperity standard of $28/day compare
- 55 Brazil 2.7 average shortfall from a prosperity standard of $28/day compare
- 57 Jamaica 2.6 average shortfall from a prosperity standard of $28/day compare
- 57 Moldova 2.6 average shortfall from a prosperity standard of $28/day compare
- 57 Vietnam 2.6 average shortfall from a prosperity standard of $28/day compare
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)
- Poverty gap at $8.30 a day (2021 PPP) 6.0% (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 prosperity gap in Mongolia?
- Prosperity gap in Mongolia was 2.7 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 Mongolia?
- The highest recorded value was 9.8 average shortfall from a prosperity standard of $28/day in 1998.
- What is the lowest prosperity gap recorded in Mongolia?
- The lowest recorded value was 2.7 average shortfall from a prosperity standard of $28/day in 2022.
- How does Mongolia rank for prosperity gap?
- Mongolia ranks 55th out of 121 countries with data for 2022.
- Is prosperity gap rising or falling in Mongolia?
- Over the last ten years it is down 15.6%. The long-run trend across the full record is falling.
- 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 Prosperity gap (average shortfall from a prosperity standard of $28/day). Statizoid updates them automatically from the source API.
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CSV · JSON — 11 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.