Prosperity gap (average shortfall from a prosperity standard) in Laos
Laos: Prosperity gap (average shortfall from a prosperity standard) was 5.1 average shortfall from a prosperity standard of $28/day in 2024. ▼ Falling
Prosperity gap in Laos, 1992–2024
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 Laos stood at 5.1 average shortfall from a prosperity standard of $28/day. That is the lowest value across all 7 years on record.
That represents a change of down 25.0% over ten years.
Over the whole period, prosperity gap in Laos peaked at 12 average shortfall from a prosperity standard of $28/day in 1997 and was at its lowest, 5.1 average shortfall from a prosperity standard of $28/day, in 2024.
That places Laos 33rd out of 123 countries with data for 2024, putting it in the middle of the range.
Prosperity gap (average shortfall from a prosperity standard) in Laos, year by year
| Year | average shortfall from a prosperity standard of $28/day | Change |
|---|---|---|
| 1992 | 9 average shortfall from a prosperity standard of $28/day | — |
| 1997 | 12 average shortfall from a prosperity standard of $28/day | +33.3% |
| 2002 | 9.3 average shortfall from a prosperity standard of $28/day | -22.5% |
| 2007 | 8.6 average shortfall from a prosperity standard of $28/day | -7.5% |
| 2012 | 6.8 average shortfall from a prosperity standard of $28/day | -20.9% |
| 2018 | 6 average shortfall from a prosperity standard of $28/day | -11.8% |
| 2024 | 5.1 average shortfall from a prosperity standard of $28/day | -15.0% |
Laos compared with similar countries
- Laos's 5.1 average shortfall from a prosperity standard of $28/day is below the median for lower middle income countries, which is 5.5 average shortfall from a prosperity standard of $28/day, 93% of the median. (29 countries reporting)
- Laos's 5.1 average shortfall from a prosperity standard of $28/day is above the median for East Asia & Pacific, which is 2.4 average shortfall from a prosperity standard of $28/day, 2.1× the median. (11 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 10.5 average shortfall from a prosperity standard of $28/day | 9 average shortfall from a prosperity standard of $28/day | 12 average shortfall from a prosperity standard of $28/day | 2 |
| 2000s | 8.95 average shortfall from a prosperity standard of $28/day | 8.6 average shortfall from a prosperity standard of $28/day | 9.3 average shortfall from a prosperity standard of $28/day | 2 |
| 2010s | 6.4 average shortfall from a prosperity standard of $28/day | 6 average shortfall from a prosperity standard of $28/day | 6.8 average shortfall from a prosperity standard of $28/day | 2 |
| 2020s | 5.1 average shortfall from a prosperity standard of $28/day | 5.1 average shortfall from a prosperity standard of $28/day | 5.1 average shortfall from a prosperity standard of $28/day | 1 |
Countries ranked near Laos
- 30 Guinea 5.7 average shortfall from a prosperity standard of $28/day compare
- 30 South Africa 5.7 average shortfall from a prosperity standard of $28/day compare
- 32 Mauritania 5.5 average shortfall from a prosperity standard of $28/day compare
- 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 $28/day compare
More poverty & inequality data for Laos
- Number of income/consumption surveys in the past decade available via the World Bank 2 surveys (2025)
- Number of income/consumption surveys in the past decade available via 0 surveys per person (2025)
- Number of income/consumption surveys in the past decade available via 0 surveys per US$ of GDP (2025)
- Fertility rate vs. share living in extreme poverty 2.42 live births per woman (2023)
- Cereal yield vs. share in extreme poverty 4,196 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 2.31 % change on previous year (2024)
- Tax revenues vs income inequality, gaps filled 10.62 (2022)
- Tax revenue as share of GDP vs. income inequality 10.6% (2022)
- Tax revenues vs income inequality, per unit of GDP 0 units per US$ of GDP (2022)
Frequently asked questions
- What is prosperity gap in Laos?
- Prosperity gap in Laos was 5.1 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 Laos?
- The highest recorded value was 12 average shortfall from a prosperity standard of $28/day in 1997.
- What is the lowest prosperity gap recorded in Laos?
- The lowest recorded value was 5.1 average shortfall from a prosperity standard of $28/day in 2024.
- How does Laos rank for prosperity gap?
- Laos ranks 33rd out of 123 countries with data for 2024.
- Is prosperity gap rising or falling in Laos?
- Over the last ten years it is down 25.0%. The long-run trend across the full record is falling.
- Where does this Laos 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.