Italy vs Latvia: Prosperity gap
Prosperity gap over time
- Italy
- Latvia
How they compare
Italy currently reports 1.4 average shortfall from a prosperity standard of $28/day against 1.3 average shortfall from a prosperity standard of $28/day in Latvia, a difference of 0.1 average shortfall from a prosperity standard of $28/day.
That makes Italy's figure about 1.1 times Latvia's.
The two have swapped places 3 times across 25 shared years of data; in 1993 it was Latvia ahead.
Italy ranks 86th and Latvia ranks 89th of 123 countries.
Across the 4 decades both report, Italy averaged higher in 1 and Latvia in 3.
Head to head by decade
| Decade | Italy | Latvia | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 1.87 average shortfall from a prosperity standard of $28/day | 3.5 average shortfall from a prosperity standard of $28/day | 1.63 average shortfall from a prosperity standard of $28/day | Latvia |
| 2000s | 1.34 average shortfall from a prosperity standard of $28/day | 2.7 average shortfall from a prosperity standard of $28/day | 1.36 average shortfall from a prosperity standard of $28/day | Latvia |
| 2010s | 1.77 average shortfall from a prosperity standard of $28/day | 1.93 average shortfall from a prosperity standard of $28/day | 0.16 average shortfall from a prosperity standard of $28/day | Latvia |
| 2020s | 1.32 average shortfall from a prosperity standard of $28/day | 1.25 average shortfall from a prosperity standard of $28/day | 0.075 average shortfall from a prosperity standard of $28/day | Italy |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher prosperity gap, Italy or Latvia?
- Italy, at 1.4 average shortfall from a prosperity standard of $28/day against 1.3 average shortfall from a prosperity standard of $28/day in Latvia as of 2023.
- What is the difference in prosperity gap between Italy and Latvia?
- 0.1 average shortfall from a prosperity standard of $28/day, with Italy ahead.
- How many years of comparable data are there for Italy and Latvia?
- 25 years are reported by both, from 1993 to 2023.
- How do Italy and Latvia rank globally for prosperity gap?
- Italy ranks 86th and Latvia ranks 89th 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.