Prosperity gap in Europe & Central Asia
Europe & Central Asia: Prosperity gap was 1.3 average shortfall from a prosperity standard of $28/day in 2024. ▼ Falling
Latest (2024)
1.3 average shortfall from a prosperity standard of $28/day
Change on year
unchanged
Rank
12th
of 14 groups
All-time high
3.9 average shortfall from a prosperity standard of $28/day
in 1999
All-time low
1.3 average shortfall from a prosperity standard of $28/day
in 2023
Years of data
37
1988–2024
Prosperity gap in Europe & Central Asia, 1988–2024
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
Europe & Central Asia recorded 1.3 average shortfall from a prosperity standard of $28/day for prosperity gap in 2024. That is the lowest value across all 37 years on record.
That represents a change of down 27.8% over ten years.
Over the whole period, prosperity gap in Europe & Central Asia peaked at 3.9 average shortfall from a prosperity standard of $28/day in 1999 and was at its lowest, 1.3 average shortfall from a prosperity standard of $28/day, in 2023.
The long-run direction has been consistently falling across the 37 years of available data.
Prosperity gap in Europe & Central Asia, year by year
| Year | average shortfall from a prosperity standard of $28/day | Change |
|---|---|---|
| 1988 | 2.7 average shortfall from a prosperity standard of $28/day | — |
| 1989 | 2.7 average shortfall from a prosperity standard of $28/day | +0.0% |
| 1990 | 2.7 average shortfall from a prosperity standard of $28/day | +0.0% |
| 1991 | 2.9 average shortfall from a prosperity standard of $28/day | +7.4% |
| 1992 | 3.1 average shortfall from a prosperity standard of $28/day | +6.9% |
| 1993 | 3.4 average shortfall from a prosperity standard of $28/day | +9.7% |
| 1994 | 3.6 average shortfall from a prosperity standard of $28/day | +5.9% |
| 1995 | 3.5 average shortfall from a prosperity standard of $28/day | -2.8% |
| 1996 | 3.6 average shortfall from a prosperity standard of $28/day | +2.9% |
| 1997 | 3.5 average shortfall from a prosperity standard of $28/day | -2.8% |
| 1998 | 3.5 average shortfall from a prosperity standard of $28/day | +0.0% |
| 1999 | 3.9 average shortfall from a prosperity standard of $28/day | +11.4% |
| 2000 | 3.7 average shortfall from a prosperity standard of $28/day | -5.1% |
| 2001 | 3.5 average shortfall from a prosperity standard of $28/day | -5.4% |
| 2002 | 3.3 average shortfall from a prosperity standard of $28/day | -5.7% |
| 2003 | 3.3 average shortfall from a prosperity standard of $28/day | +0.0% |
| 2004 | 3 average shortfall from a prosperity standard of $28/day | -9.1% |
| 2005 | 2.9 average shortfall from a prosperity standard of $28/day | -3.3% |
| 2006 | 2.7 average shortfall from a prosperity standard of $28/day | -6.9% |
| 2007 | 2.5 average shortfall from a prosperity standard of $28/day | -7.4% |
| 2008 | 2.4 average shortfall from a prosperity standard of $28/day | -4.0% |
| 2009 | 2.4 average shortfall from a prosperity standard of $28/day | +0.0% |
| 2010 | 2.4 average shortfall from a prosperity standard of $28/day | +0.0% |
| 2011 | 2.3 average shortfall from a prosperity standard of $28/day | -4.2% |
| 2012 | 2.3 average shortfall from a prosperity standard of $28/day | +0.0% |
| 2013 | 1.8 average shortfall from a prosperity standard of $28/day | -21.7% |
| 2014 | 1.8 average shortfall from a prosperity standard of $28/day | +0.0% |
| 2015 | 1.8 average shortfall from a prosperity standard of $28/day | +0.0% |
| 2016 | 1.8 average shortfall from a prosperity standard of $28/day | +0.0% |
| 2017 | 1.7 average shortfall from a prosperity standard of $28/day | -5.6% |
| 2018 | 1.6 average shortfall from a prosperity standard of $28/day | -5.9% |
| 2019 | 1.6 average shortfall from a prosperity standard of $28/day | +0.0% |
| 2020 | 1.6 average shortfall from a prosperity standard of $28/day | +0.0% |
| 2021 | 1.5 average shortfall from a prosperity standard of $28/day | -6.3% |
| 2022 | 1.4 average shortfall from a prosperity standard of $28/day | -6.7% |
| 2023 | 1.3 average shortfall from a prosperity standard of $28/day | -7.1% |
| 2024 | 1.3 average shortfall from a prosperity standard of $28/day | +0.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 2.7 average shortfall from a prosperity standard of $28/day | 2.7 average shortfall from a prosperity standard of $28/day | 2.7 average shortfall from a prosperity standard of $28/day | 2 |
| 1990s | 3.37 average shortfall from a prosperity standard of $28/day | 2.7 average shortfall from a prosperity standard of $28/day | 3.9 average shortfall from a prosperity standard of $28/day | 10 |
| 2000s | 2.97 average shortfall from a prosperity standard of $28/day | 2.4 average shortfall from a prosperity standard of $28/day | 3.7 average shortfall from a prosperity standard of $28/day | 10 |
| 2010s | 1.91 average shortfall from a prosperity standard of $28/day | 1.6 average shortfall from a prosperity standard of $28/day | 2.4 average shortfall from a prosperity standard of $28/day | 10 |
| 2020s | 1.42 average shortfall from a prosperity standard of $28/day | 1.3 average shortfall from a prosperity standard of $28/day | 1.6 average shortfall from a prosperity standard of $28/day | 5 |
Countries ranked near Europe & Central Asia
- 9 Tanzania, United Republic of 10.6 average shortfall from a prosperity standard of $28/day compare
- 10 Kenya 9.9 average shortfall from a prosperity standard of $28/day compare
- 11 Nigeria 9.8 average shortfall from a prosperity standard of $28/day compare
- 12 Burkina Faso 9.4 average shortfall from a prosperity standard of $28/day compare
- 13 Ethiopia 9.1 average shortfall from a prosperity standard of $28/day compare
- 13 Guinea-Bissau 9.1 average shortfall from a prosperity standard of $28/day compare
- 15 Rwanda 8.8 average shortfall from a prosperity standard of $28/day compare
More poverty & inequality data for Europe & Central Asia
- Poverty headcount ratio at $3.00 a day (2021 PPP) 0.6% (2024)
- Poverty gap at $3.00 a day (2021 PPP) 0.3% (2024)
- Poverty headcount ratio at $4.20 a day (2021 PPP) 1.1% (2024)
- Poverty headcount ratio at $8.30 a day (2021 PPP) 4.8% (2024)
- Poverty gap at $4.20 a day (2021 PPP) 0.4% (2024)
- Poverty headcount ratio at societal poverty line 14.2% (2024)
- Poverty gap at $8.30 a day (2021 PPP) 1.6% (2024)
- Population living in slums 2.8% (2022)
Frequently asked questions
- What is prosperity gap in Europe & Central Asia?
- Prosperity gap in Europe & Central Asia was 1.3 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 Europe & Central Asia?
- The highest recorded value was 3.9 average shortfall from a prosperity standard of $28/day in 1999.
- What is the lowest prosperity gap recorded in Europe & Central Asia?
- The lowest recorded value was 1.3 average shortfall from a prosperity standard of $28/day in 2023.
- How does Europe & Central Asia rank for prosperity gap?
- Europe & Central Asia ranks 12th out of 14 groups with data for 2024.
- Is prosperity gap rising or falling in Europe & Central Asia?
- Over the last ten years it is down 27.8%. The long-run trend across the full record is falling.
- Where does this Europe & Central Asia 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.