Prosperity gap (average shortfall from a prosperity standard) in Cyprus
Cyprus: Prosperity gap (average shortfall from a prosperity standard) was 0.6 average shortfall from a prosperity standard of $28/day in 2023. ▼ Falling
Latest (2023)
0.6 average shortfall from a prosperity standard of $28/day
Change on year
unchanged
World rank
115th
of 123 countries
All-time high
0.9 average shortfall from a prosperity standard of $28/day
in 2014
All-time low
0.6 average shortfall from a prosperity standard of $28/day
in 2006
Years of data
20
2004–2023
Prosperity gap in Cyprus, 2004–2023
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 2023, prosperity gap in Cyprus stood at 0.6 average shortfall from a prosperity standard of $28/day. That is the lowest value across all 20 years on record.
That represents a change of down 25.0% over ten years.
Over the whole period, prosperity gap in Cyprus peaked at 0.9 average shortfall from a prosperity standard of $28/day in 2014 and was at its lowest, 0.6 average shortfall from a prosperity standard of $28/day, in 2006.
That places Cyprus 115th out of 123 countries with data for 2023, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 20 years of available data.
Prosperity gap (average shortfall from a prosperity standard) in Cyprus, year by year
| Year | average shortfall from a prosperity standard of $28/day | Change |
|---|---|---|
| 2004 | 0.8 average shortfall from a prosperity standard of $28/day | — |
| 2005 | 0.7 average shortfall from a prosperity standard of $28/day | -12.5% |
| 2006 | 0.6 average shortfall from a prosperity standard of $28/day | -14.3% |
| 2007 | 0.6 average shortfall from a prosperity standard of $28/day | +0.0% |
| 2008 | 0.7 average shortfall from a prosperity standard of $28/day | +16.7% |
| 2009 | 0.8 average shortfall from a prosperity standard of $28/day | +14.3% |
| 2010 | 0.7 average shortfall from a prosperity standard of $28/day | -12.5% |
| 2011 | 0.7 average shortfall from a prosperity standard of $28/day | +0.0% |
| 2012 | 0.7 average shortfall from a prosperity standard of $28/day | +0.0% |
| 2013 | 0.8 average shortfall from a prosperity standard of $28/day | +14.3% |
| 2014 | 0.9 average shortfall from a prosperity standard of $28/day | +12.5% |
| 2015 | 0.8 average shortfall from a prosperity standard of $28/day | -11.1% |
| 2016 | 0.8 average shortfall from a prosperity standard of $28/day | +0.0% |
| 2017 | 0.7 average shortfall from a prosperity standard of $28/day | -12.5% |
| 2018 | 0.7 average shortfall from a prosperity standard of $28/day | +0.0% |
| 2019 | 0.8 average shortfall from a prosperity standard of $28/day | +14.3% |
| 2020 | 0.7 average shortfall from a prosperity standard of $28/day | -12.5% |
| 2021 | 0.6 average shortfall from a prosperity standard of $28/day | -14.3% |
| 2022 | 0.6 average shortfall from a prosperity standard of $28/day | +0.0% |
| 2023 | 0.6 average shortfall from a prosperity standard of $28/day | +0.0% |
Cyprus compared with similar countries
- Cyprus's 0.6 average shortfall from a prosperity standard of $28/day is below the median for high income countries, which is 1.05 average shortfall from a prosperity standard of $28/day, 57% of the median. (42 countries reporting)
- Cyprus's 0.6 average shortfall from a prosperity standard of $28/day is below the median for Europe & Central Asia, which is 1.3 average shortfall from a prosperity standard of $28/day, 46% of the median. (48 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 0.7 average shortfall from a prosperity standard of $28/day | 0.6 average shortfall from a prosperity standard of $28/day | 0.8 average shortfall from a prosperity standard of $28/day | 6 |
| 2010s | 0.76 average shortfall from a prosperity standard of $28/day | 0.7 average shortfall from a prosperity standard of $28/day | 0.9 average shortfall from a prosperity standard of $28/day | 10 |
| 2020s | 0.625 average shortfall from a prosperity standard of $28/day | 0.6 average shortfall from a prosperity standard of $28/day | 0.7 average shortfall from a prosperity standard of $28/day | 4 |
Countries ranked near Cyprus
- 115 France 0.6 average shortfall from a prosperity standard of $28/day compare
- 115 Iceland 0.6 average shortfall from a prosperity standard of $28/day compare
- 115 Norway 0.6 average shortfall from a prosperity standard of $28/day compare
- 115 Slovenia 0.6 average shortfall from a prosperity standard of $28/day compare
More poverty & inequality data for Cyprus
- Number of income/consumption surveys in the past decade available via the World Bank 8 surveys (2025)
- Number of income/consumption surveys in the past decade available via 0 surveys per person (2025)
- Number of income/consumption surveys in the past decade available via 0 surveys per US$ of GDP (2025)
- Fertility rate vs. share living in extreme poverty 1.39 live births per woman (2023)
- Cereal yield vs. share in extreme poverty 1,440 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 -29.08 % change on previous year (2024)
- Tax revenues vs income inequality, gaps filled 28.15 (2023)
- Tax revenue as share of GDP vs. income inequality 28.2% (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 Cyprus?
- Prosperity gap in Cyprus was 0.6 average shortfall from a prosperity standard of $28/day in 2023, 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 Cyprus?
- The highest recorded value was 0.9 average shortfall from a prosperity standard of $28/day in 2014.
- What is the lowest prosperity gap recorded in Cyprus?
- The lowest recorded value was 0.6 average shortfall from a prosperity standard of $28/day in 2006.
- How does Cyprus rank for prosperity gap?
- Cyprus ranks 115th out of 123 countries with data for 2023.
- Is prosperity gap rising or falling in Cyprus?
- Over the last ten years it is down 25.0%. The long-run trend across the full record is falling.
- Where does this Cyprus 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.
Download this data
CSV · JSON — 20 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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.