Prosperity gap (average shortfall from a prosperity standard) in Colombia
Colombia: Prosperity gap (average shortfall from a prosperity standard) was 4.7 average shortfall from a prosperity standard of $28/day in 2024. ▼ Falling
Latest (2024)
4.7 average shortfall from a prosperity standard of $28/day
Change on year
down 2.1%
World rank
37th
of 123 countries
All-time high
13.9 average shortfall from a prosperity standard of $28/day
in 2000
All-time low
4.7 average shortfall from a prosperity standard of $28/day
in 2024
Years of data
30
1980–2024
Prosperity gap in Colombia, 1980–2024
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
In 2024, prosperity gap in Colombia stood at 4.7 average shortfall from a prosperity standard of $28/day. That is the lowest value across all 30 years on record.
Compared with earlier readings it is down 2.1% on the previous year and down 7.8% over ten years.
Over the whole period, prosperity gap in Colombia peaked at 13.9 average shortfall from a prosperity standard of $28/day in 2000 and was at its lowest, 4.7 average shortfall from a prosperity standard of $28/day, in 2024.
Colombia ranks 37th of 123 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 30 years of available data.
Prosperity gap (average shortfall from a prosperity standard) in Colombia, year by year
| Year | average shortfall from a prosperity standard of $28/day | Change |
|---|---|---|
| 1980 | 8.3 average shortfall from a prosperity standard of $28/day | — |
| 1988 | 6.5 average shortfall from a prosperity standard of $28/day | -21.7% |
| 1989 | 6.3 average shortfall from a prosperity standard of $28/day | -3.1% |
| 1991 | 6 average shortfall from a prosperity standard of $28/day | -4.8% |
| 1992 | 8.3 average shortfall from a prosperity standard of $28/day | +38.3% |
| 1996 | 11.8 average shortfall from a prosperity standard of $28/day | +42.2% |
| 1999 | 13.2 average shortfall from a prosperity standard of $28/day | +11.9% |
| 2000 | 13.9 average shortfall from a prosperity standard of $28/day | +5.3% |
| 2001 | 12.4 average shortfall from a prosperity standard of $28/day | -10.8% |
| 2002 | 7.4 average shortfall from a prosperity standard of $28/day | -40.3% |
| 2003 | 7.3 average shortfall from a prosperity standard of $28/day | -1.4% |
| 2004 | 6.7 average shortfall from a prosperity standard of $28/day | -8.2% |
| 2005 | 6.4 average shortfall from a prosperity standard of $28/day | -4.5% |
| 2008 | 6.6 average shortfall from a prosperity standard of $28/day | +3.1% |
| 2009 | 6.1 average shortfall from a prosperity standard of $28/day | -7.6% |
| 2010 | 5.7 average shortfall from a prosperity standard of $28/day | -6.6% |
| 2011 | 5.1 average shortfall from a prosperity standard of $28/day | -10.5% |
| 2012 | 5.6 average shortfall from a prosperity standard of $28/day | +9.8% |
| 2013 | 5.3 average shortfall from a prosperity standard of $28/day | -5.4% |
| 2014 | 5.1 average shortfall from a prosperity standard of $28/day | -3.8% |
| 2015 | 5 average shortfall from a prosperity standard of $28/day | -2.0% |
| 2016 | 5 average shortfall from a prosperity standard of $28/day | +0.0% |
| 2017 | 4.9 average shortfall from a prosperity standard of $28/day | -2.0% |
| 2018 | 5 average shortfall from a prosperity standard of $28/day | +2.0% |
| 2019 | 5.2 average shortfall from a prosperity standard of $28/day | +4.0% |
| 2020 | 7.5 average shortfall from a prosperity standard of $28/day | +44.2% |
| 2021 | 5.3 average shortfall from a prosperity standard of $28/day | -29.3% |
| 2022 | 4.9 average shortfall from a prosperity standard of $28/day | -7.5% |
| 2023 | 4.8 average shortfall from a prosperity standard of $28/day | -2.0% |
| 2024 | 4.7 average shortfall from a prosperity standard of $28/day | -2.1% |
Colombia compared with similar countries
- Colombia's 4.7 average shortfall from a prosperity standard of $28/day is above the median for upper middle income countries, which is 2.65 average shortfall from a prosperity standard of $28/day, 1.8× the median. (38 countries reporting)
- Colombia's 4.7 average shortfall from a prosperity standard of $28/day is above the median for Latin America & Caribbean, which is 2.55 average shortfall from a prosperity standard of $28/day, 1.8× the median. (20 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 7.03 average shortfall from a prosperity standard of $28/day | 6.3 average shortfall from a prosperity standard of $28/day | 8.3 average shortfall from a prosperity standard of $28/day | 3 |
| 1990s | 9.82 average shortfall from a prosperity standard of $28/day | 6 average shortfall from a prosperity standard of $28/day | 13.2 average shortfall from a prosperity standard of $28/day | 4 |
| 2000s | 8.35 average shortfall from a prosperity standard of $28/day | 6.1 average shortfall from a prosperity standard of $28/day | 13.9 average shortfall from a prosperity standard of $28/day | 8 |
| 2010s | 5.19 average shortfall from a prosperity standard of $28/day | 4.9 average shortfall from a prosperity standard of $28/day | 5.7 average shortfall from a prosperity standard of $28/day | 10 |
| 2020s | 5.44 average shortfall from a prosperity standard of $28/day | 4.7 average shortfall from a prosperity standard of $28/day | 7.5 average shortfall from a prosperity standard of $28/day | 5 |
Countries ranked near Colombia
- 34 Bangladesh 5 average shortfall from a prosperity standard of $28/day compare
- 35 India 4.9 average shortfall from a prosperity standard of $28/day compare
- 36 Guatemala 4.8 average shortfall from a prosperity standard of $28/day compare
- 38 Indonesia 4.5 average shortfall from a prosperity standard of $28/day compare
- 39 Kyrgyzstan 4.4 average shortfall from a prosperity standard of $28/day compare
- 39 Philippines 4.4 average shortfall from a prosperity standard of $28/day compare
- 39 Tajikistan 4.4 average shortfall from a prosperity standard of $28/day compare
More poverty & inequality data for Colombia
- Number of income/consumption surveys in the past decade available via the World Bank 9 surveys (2025)
- Number of income/consumption surveys in the past decade available via 0 surveys per person (2025)
- Number of income/consumption surveys in the past decade available via 0 surveys per US$ of GDP (2025)
- Fertility rate vs. share living in extreme poverty 1.65 live births per woman (2023)
- Cereal yield vs. share in extreme poverty 4,422 kg per hectare (2024)
- Cereal yield vs extreme poverty, per unit of GDP 0 units per US$ of GDP (2024)
- Cereal yield vs extreme poverty, annual growth rate 2.81 % change on previous year (2024)
- Tax revenues vs income inequality, gaps filled 25.22 (2023)
- Tax revenue as share of GDP vs. income inequality 25.2% (2023)
- Tax revenues vs income inequality, per unit of GDP 0 units per US$ of GDP (2023)
Frequently asked questions
- What is prosperity gap in Colombia?
- Prosperity gap in Colombia was 4.7 average shortfall from a prosperity standard of $28/day in 2024, 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 Colombia?
- The highest recorded value was 13.9 average shortfall from a prosperity standard of $28/day in 2000.
- What is the lowest prosperity gap recorded in Colombia?
- The lowest recorded value was 4.7 average shortfall from a prosperity standard of $28/day in 2024.
- How does Colombia rank for prosperity gap?
- Colombia ranks 37th out of 123 countries with data for 2024.
- Is prosperity gap rising or falling in Colombia?
- Over the last ten years it is down 7.8%. The long-run trend across the full record is falling.
- Where does this Colombia 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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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.