Prosperity gap in Latin America & Caribbean
Latin America & Caribbean: Prosperity gap was 3.1 average shortfall from a prosperity standard of $28/day in 2024. ▼ Falling
Latest (2024)
3.1 average shortfall from a prosperity standard of $28/day
Change on year
down 3.1%
Rank
9th
of 14 groups
All-time high
8.2 average shortfall from a prosperity standard of $28/day
in 1983
All-time low
3.1 average shortfall from a prosperity standard of $28/day
in 2024
Years of data
44
1981–2024
Prosperity gap in Latin America & Caribbean, 1981–2024
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
The most recent figure for prosperity gap in Latin America & Caribbean is 3.1 average shortfall from a prosperity standard of $28/day, measured in 2024. That is the lowest value across all 44 years on record.
Compared with earlier readings it is down 3.1% on the previous year and down 18.4% over ten years.
Over the whole period, prosperity gap in Latin America & Caribbean peaked at 8.2 average shortfall from a prosperity standard of $28/day in 1983 and was at its lowest, 3.1 average shortfall from a prosperity standard of $28/day, in 2024.
The long-run direction has been consistently falling across the 44 years of available data.
Prosperity gap in Latin America & Caribbean, year by year
| Year | average shortfall from a prosperity standard of $28/day | Change |
|---|---|---|
| 1981 | 7.3 average shortfall from a prosperity standard of $28/day | — |
| 1982 | 7.5 average shortfall from a prosperity standard of $28/day | +2.7% |
| 1983 | 8.2 average shortfall from a prosperity standard of $28/day | +9.3% |
| 1984 | 8.1 average shortfall from a prosperity standard of $28/day | -1.2% |
| 1985 | 7.8 average shortfall from a prosperity standard of $28/day | -3.7% |
| 1986 | 6.6 average shortfall from a prosperity standard of $28/day | -15.4% |
| 1987 | 7.4 average shortfall from a prosperity standard of $28/day | +12.1% |
| 1988 | 7.7 average shortfall from a prosperity standard of $28/day | +4.1% |
| 1989 | 7.6 average shortfall from a prosperity standard of $28/day | -1.3% |
| 1990 | 7.7 average shortfall from a prosperity standard of $28/day | +1.3% |
| 1991 | 7.7 average shortfall from a prosperity standard of $28/day | +0.0% |
| 1992 | 7.8 average shortfall from a prosperity standard of $28/day | +1.3% |
| 1993 | 7.8 average shortfall from a prosperity standard of $28/day | +0.0% |
| 1994 | 7.6 average shortfall from a prosperity standard of $28/day | -2.6% |
| 1995 | 7.4 average shortfall from a prosperity standard of $28/day | -2.6% |
| 1996 | 7.9 average shortfall from a prosperity standard of $28/day | +6.8% |
| 1997 | 7.7 average shortfall from a prosperity standard of $28/day | -2.5% |
| 1998 | 7.7 average shortfall from a prosperity standard of $28/day | +0.0% |
| 1999 | 7.8 average shortfall from a prosperity standard of $28/day | +1.3% |
| 2000 | 7.5 average shortfall from a prosperity standard of $28/day | -3.8% |
| 2001 | 7.2 average shortfall from a prosperity standard of $28/day | -4.0% |
| 2002 | 6.7 average shortfall from a prosperity standard of $28/day | -6.9% |
| 2003 | 6.6 average shortfall from a prosperity standard of $28/day | -1.5% |
| 2004 | 6.2 average shortfall from a prosperity standard of $28/day | -6.1% |
| 2005 | 6 average shortfall from a prosperity standard of $28/day | -3.2% |
| 2006 | 5.4 average shortfall from a prosperity standard of $28/day | -10.0% |
| 2007 | 4.9 average shortfall from a prosperity standard of $28/day | -9.3% |
| 2008 | 4.7 average shortfall from a prosperity standard of $28/day | -4.1% |
| 2009 | 4.6 average shortfall from a prosperity standard of $28/day | -2.1% |
| 2010 | 4.3 average shortfall from a prosperity standard of $28/day | -6.5% |
| 2011 | 4.2 average shortfall from a prosperity standard of $28/day | -2.3% |
| 2012 | 4 average shortfall from a prosperity standard of $28/day | -4.8% |
| 2013 | 3.8 average shortfall from a prosperity standard of $28/day | -5.0% |
| 2014 | 3.8 average shortfall from a prosperity standard of $28/day | +0.0% |
| 2015 | 3.6 average shortfall from a prosperity standard of $28/day | -5.3% |
| 2016 | 3.6 average shortfall from a prosperity standard of $28/day | +0.0% |
| 2017 | 3.6 average shortfall from a prosperity standard of $28/day | +0.0% |
| 2018 | 3.6 average shortfall from a prosperity standard of $28/day | +0.0% |
| 2019 | 3.6 average shortfall from a prosperity standard of $28/day | +0.0% |
| 2020 | 3.6 average shortfall from a prosperity standard of $28/day | +0.0% |
| 2021 | 3.6 average shortfall from a prosperity standard of $28/day | +0.0% |
| 2022 | 3.3 average shortfall from a prosperity standard of $28/day | -8.3% |
| 2023 | 3.2 average shortfall from a prosperity standard of $28/day | -3.0% |
| 2024 | 3.1 average shortfall from a prosperity standard of $28/day | -3.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 7.58 average shortfall from a prosperity standard of $28/day | 6.6 average shortfall from a prosperity standard of $28/day | 8.2 average shortfall from a prosperity standard of $28/day | 9 |
| 1990s | 7.71 average shortfall from a prosperity standard of $28/day | 7.4 average shortfall from a prosperity standard of $28/day | 7.9 average shortfall from a prosperity standard of $28/day | 10 |
| 2000s | 5.98 average shortfall from a prosperity standard of $28/day | 4.6 average shortfall from a prosperity standard of $28/day | 7.5 average shortfall from a prosperity standard of $28/day | 10 |
| 2010s | 3.81 average shortfall from a prosperity standard of $28/day | 3.6 average shortfall from a prosperity standard of $28/day | 4.3 average shortfall from a prosperity standard of $28/day | 10 |
| 2020s | 3.36 average shortfall from a prosperity standard of $28/day | 3.1 average shortfall from a prosperity standard of $28/day | 3.6 average shortfall from a prosperity standard of $28/day | 5 |
Countries ranked near Latin America & Caribbean
- 6 Uganda 13.1 average shortfall from a prosperity standard of $28/day compare
- 7 Ghana 11.3 average shortfall from a prosperity standard of $28/day compare
- 7 Niger 11.3 average shortfall from a prosperity standard of $28/day compare
- 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
More poverty & inequality data for Latin America & Caribbean
- Poverty headcount ratio at $3.00 a day (2021 PPP) 4.3% (2024)
- Poverty gap at $3.00 a day (2021 PPP) 1.5% (2024)
- Poverty headcount ratio at $4.20 a day (2021 PPP) 8.0% (2024)
- Poverty headcount ratio at $8.30 a day (2021 PPP) 24.7% (2024)
- Poverty gap at $4.20 a day (2021 PPP) 2.8% (2024)
- Poverty headcount ratio at societal poverty line 25.5% (2024)
- Poverty gap at $8.30 a day (2021 PPP) 9.3% (2024)
- Population living in slums 18.9% (2022)
Frequently asked questions
- What is prosperity gap in Latin America & Caribbean?
- Prosperity gap in Latin America & Caribbean was 3.1 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 Latin America & Caribbean?
- The highest recorded value was 8.2 average shortfall from a prosperity standard of $28/day in 1983.
- What is the lowest prosperity gap recorded in Latin America & Caribbean?
- The lowest recorded value was 3.1 average shortfall from a prosperity standard of $28/day in 2024.
- How does Latin America & Caribbean rank for prosperity gap?
- Latin America & Caribbean ranks 9th out of 14 groups with data for 2024.
- Is prosperity gap rising or falling in Latin America & Caribbean?
- Over the last ten years it is down 18.4%. The long-run trend across the full record is falling.
- Where does this Latin America & Caribbean 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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CSV · JSON — 44 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.