Colombia vs Lao People's Democratic Republic: Prosperity gap
Prosperity gap over time
- Colombia
- Lao People's Democratic Republic
How they compare
Lao People's Democratic Republic currently reports 5.1 average shortfall from a prosperity standard of $28/day against 4.7 average shortfall from a prosperity standard of $28/day in Colombia, a difference of 0.4 average shortfall from a prosperity standard of $28/day.
That makes Lao People's Democratic Republic's figure about 1.1 times Colombia's.
Across all 5 years both countries report, Lao People's Democratic Republic has been ahead every year.
Colombia ranks 37th and Lao People's Democratic Republic ranks 34th of 123 countries.
Lao People's Democratic Republic has averaged higher in every one of the 4 decades both report.
Head to head by decade
| Decade | Colombia | Lao People's Democratic Republic | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 8.3 average shortfall from a prosperity standard of $28/day | 9 average shortfall from a prosperity standard of $28/day | 0.7 average shortfall from a prosperity standard of $28/day | Lao People's Democratic Republic |
| 2000s | 7.4 average shortfall from a prosperity standard of $28/day | 9.3 average shortfall from a prosperity standard of $28/day | 1.9 average shortfall from a prosperity standard of $28/day | Lao People's Democratic Republic |
| 2010s | 5.3 average shortfall from a prosperity standard of $28/day | 6.4 average shortfall from a prosperity standard of $28/day | 1.1 average shortfall from a prosperity standard of $28/day | Lao People's Democratic Republic |
| 2020s | 4.7 average shortfall from a prosperity standard of $28/day | 5.1 average shortfall from a prosperity standard of $28/day | 0.4 average shortfall from a prosperity standard of $28/day | Lao People's Democratic Republic |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher prosperity gap, Colombia or Lao People's Democratic Republic?
- Lao People's Democratic Republic, at 5.1 average shortfall from a prosperity standard of $28/day against 4.7 average shortfall from a prosperity standard of $28/day in Colombia as of 2024.
- What is the difference in prosperity gap between Colombia and Lao People's Democratic Republic?
- 0.4 average shortfall from a prosperity standard of $28/day, with Lao People's Democratic Republic ahead.
- How many years of comparable data are there for Colombia and Lao People's Democratic Republic?
- 5 years are reported by both, from 1992 to 2024.
- How do Colombia and Lao People's Democratic Republic rank globally for prosperity gap?
- Colombia ranks 37th and Lao People's Democratic Republic ranks 34th of 123 countries.
- Where does this data 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 Prosperity gap (average shortfall from a prosperity standard of $28/day). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
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.