Latvia vs United States of America: Prosperity gap
Prosperity gap over time
- Latvia
- United States of America
How they compare
Latvia currently reports 1.3 average shortfall from a prosperity standard of $28/day against 1.3 average shortfall from a prosperity standard of $28/day in United States of America, a difference of 0 average shortfall from a prosperity standard of $28/day.
The two have swapped places 3 times across 27 shared years of data; in 1993 it was Latvia ahead.
Latvia ranks 89th and United States of America ranks 89th of 123 countries.
Latvia has averaged higher in every one of the 4 decades both report.
Head to head by decade
| Decade | Latvia | United States of America | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 3.56 average shortfall from a prosperity standard of $28/day | 1.16 average shortfall from a prosperity standard of $28/day | 2.4 average shortfall from a prosperity standard of $28/day | Latvia |
| 2000s | 2.7 average shortfall from a prosperity standard of $28/day | 1.38 average shortfall from a prosperity standard of $28/day | 1.33 average shortfall from a prosperity standard of $28/day | Latvia |
| 2010s | 1.93 average shortfall from a prosperity standard of $28/day | 1.44 average shortfall from a prosperity standard of $28/day | 0.49 average shortfall from a prosperity standard of $28/day | Latvia |
| 2020s | 1.25 average shortfall from a prosperity standard of $28/day | 1.15 average shortfall from a prosperity standard of $28/day | 0.1 average shortfall from a prosperity standard of $28/day | Latvia |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher prosperity gap, Latvia or United States of America?
- Latvia, at 1.3 average shortfall from a prosperity standard of $28/day against 1.3 average shortfall from a prosperity standard of $28/day in United States of America as of 2023.
- What is the difference in prosperity gap between Latvia and United States of America?
- 0 average shortfall from a prosperity standard of $28/day, with Latvia ahead.
- How many years of comparable data are there for Latvia and United States of America?
- 27 years are reported by both, from 1993 to 2023.
- How do Latvia and United States of America rank globally for prosperity gap?
- Latvia ranks 89th and United States of America 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.