Latvia vs Russia: Total shortfall from extreme poverty

Latvia
6.33 million international-$ in 2021 prices
in 2023
Russia
7.49 million international-$ in 2021 prices
in 2020
Latvia rank
93rd
Russia rank
92nd

Total shortfall from extreme poverty over time

  • Latvia
  • Russia
01.0B2.0B3.0B199320082023

How they compare

Russia currently reports 7.49 million international-$ in 2021 prices against 6.33 million international-$ in 2021 prices in Latvia, a difference of 1.16 million international-$ in 2021 prices.

That makes Russia's figure about 1.2 times Latvia's.

The two have swapped places 2 times across 19 shared years of data; in 1993 it was Russia ahead.

Latvia ranks 93rd and Russia ranks 92nd of 120 countries.

Russia has averaged higher in every one of the 4 decades both report.

Head to head by decade

Decade Latvia Russia Difference Ahead
1990s 10.25 million international-$ in 2021 prices 2.41 billion international-$ in 2021 prices 2.40 billion international-$ in 2021 prices Russia
2000s 26.15 million international-$ in 2021 prices 284.60 million international-$ in 2021 prices 258.45 million international-$ in 2021 prices Russia
2010s 11.73 million international-$ in 2021 prices 23.98 million international-$ in 2021 prices 12.25 million international-$ in 2021 prices Russia
2020s 5.89 million international-$ in 2021 prices 7.49 million international-$ in 2021 prices 1.60 million international-$ in 2021 prices Russia

Averages of every year both report within each decade.

Frequently asked questions

Which has higher total shortfall from extreme poverty, Latvia or Russia?
Russia, at 7.49 million international-$ in 2021 prices against 6.33 million international-$ in 2021 prices in Latvia as of 2020.
What is the difference in total shortfall from extreme poverty between Latvia and Russia?
1.16 million international-$ in 2021 prices, with Russia ahead.
How many years of comparable data are there for Latvia and Russia?
19 years are reported by both, from 1993 to 2020.
How do Latvia and Russia rank globally for total shortfall from extreme poverty?
Latvia ranks 93rd and Russia ranks 92nd of 120 countries.
Where does this data come from?
World Bank Poverty and Inequality Platform (2026) – with major processing by Our World in Data, published as Total shortfall from extreme poverty. Statizoid refreshes it automatically from the source and publishes the full history for both places.

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Latvia vs Russia: Total shortfall from extreme poverty. Statizoid, drawing on World Bank Poverty and Inequality Platform (2026) – with major processing by Our World in Data. Retrieved 07 November 2026, from https://poverty.statizoid.com/compare/total-shortfall-from-extreme-poverty/latvia/russian-federation/

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About this data

Indicator
Total shortfall from extreme poverty
Unit
international-$ in 2021 prices
Source
World Bank Poverty and Inequality Platform (2026) – with major processing by Our World in Data
Licence
CC BY 4.0 (Our World in Data)
Coverage
120 places, 2,152 data points, 1963–2025
Last refreshed

This is the amount of money that would be theoretically needed to lift the income or consumption of all people in poverty up to $3 per day. However, this is not a measure of the actual cost of eliminating poverty, since it does not take into account the costs involved in making the necessary transfers nor any changes in behavior they would bring about.