Prosperity gap (average shortfall from a prosperity standard) in Latvia
Latvia: Prosperity gap (average shortfall from a prosperity standard) was 1.3 average shortfall from a prosperity standard of $28/day in 2023. ▼ Falling
Latest (2023)
1.3 average shortfall from a prosperity standard of $28/day
Change on year
up 8.3%
World rank
89th
of 123 countries
All-time high
3.8 average shortfall from a prosperity standard of $28/day
in 1997
All-time low
1.2 average shortfall from a prosperity standard of $28/day
in 2021
Years of data
27
1993–2023
Prosperity gap in Latvia, 1993–2023
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
Latvia recorded 1.3 average shortfall from a prosperity standard of $28/day for prosperity gap in 2023.
The figure is up 8.3% on the previous year and down 43.5% over ten years.
Over the whole period, prosperity gap in Latvia peaked at 3.8 average shortfall from a prosperity standard of $28/day in 1997 and was at its lowest, 1.2 average shortfall from a prosperity standard of $28/day, in 2021.
That places Latvia 89th out of 123 countries with data for 2023, putting it in the middle of the range.
The long-run direction has been consistently falling across the 27 years of available data.
Prosperity gap (average shortfall from a prosperity standard) in Latvia, year by year
| Year | average shortfall from a prosperity standard of $28/day | Change |
|---|---|---|
| 1993 | 3.6 average shortfall from a prosperity standard of $28/day | — |
| 1995 | 3.3 average shortfall from a prosperity standard of $28/day | -8.3% |
| 1996 | 3.5 average shortfall from a prosperity standard of $28/day | +6.1% |
| 1997 | 3.8 average shortfall from a prosperity standard of $28/day | +8.6% |
| 1998 | 3.6 average shortfall from a prosperity standard of $28/day | -5.3% |
| 2002 | 2.8 average shortfall from a prosperity standard of $28/day | -22.2% |
| 2003 | 2.5 average shortfall from a prosperity standard of $28/day | -10.7% |
| 2004 | 3.6 average shortfall from a prosperity standard of $28/day | +44.0% |
| 2005 | 3.4 average shortfall from a prosperity standard of $28/day | -5.6% |
| 2006 | 2.6 average shortfall from a prosperity standard of $28/day | -23.5% |
| 2007 | 1.9 average shortfall from a prosperity standard of $28/day | -26.9% |
| 2008 | 2.1 average shortfall from a prosperity standard of $28/day | +10.5% |
| 2009 | 2.7 average shortfall from a prosperity standard of $28/day | +28.6% |
| 2010 | 2.7 average shortfall from a prosperity standard of $28/day | +0.0% |
| 2011 | 2.4 average shortfall from a prosperity standard of $28/day | -11.1% |
| 2012 | 2.3 average shortfall from a prosperity standard of $28/day | -4.2% |
| 2013 | 2.3 average shortfall from a prosperity standard of $28/day | +0.0% |
| 2014 | 1.9 average shortfall from a prosperity standard of $28/day | -17.4% |
| 2015 | 1.8 average shortfall from a prosperity standard of $28/day | -5.3% |
| 2016 | 1.6 average shortfall from a prosperity standard of $28/day | -11.1% |
| 2017 | 1.6 average shortfall from a prosperity standard of $28/day | +0.0% |
| 2018 | 1.4 average shortfall from a prosperity standard of $28/day | -12.5% |
| 2019 | 1.3 average shortfall from a prosperity standard of $28/day | -7.1% |
| 2020 | 1.3 average shortfall from a prosperity standard of $28/day | +0.0% |
| 2021 | 1.2 average shortfall from a prosperity standard of $28/day | -7.7% |
| 2022 | 1.2 average shortfall from a prosperity standard of $28/day | +0.0% |
| 2023 | 1.3 average shortfall from a prosperity standard of $28/day | +8.3% |
Latvia compared with similar countries
- Latvia's 1.3 average shortfall from a prosperity standard of $28/day is above the median for high income countries, which is 1.05 average shortfall from a prosperity standard of $28/day, 1.2× the median. (42 countries reporting)
- Latvia's 1.3 average shortfall from a prosperity standard of $28/day is above the median for Europe & Central Asia, which is 1.3 average shortfall from a prosperity standard of $28/day, 1.0× the median. (48 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 3.56 average shortfall from a prosperity standard of $28/day | 3.3 average shortfall from a prosperity standard of $28/day | 3.8 average shortfall from a prosperity standard of $28/day | 5 |
| 2000s | 2.7 average shortfall from a prosperity standard of $28/day | 1.9 average shortfall from a prosperity standard of $28/day | 3.6 average shortfall from a prosperity standard of $28/day | 8 |
| 2010s | 1.93 average shortfall from a prosperity standard of $28/day | 1.3 average shortfall from a prosperity standard of $28/day | 2.7 average shortfall from a prosperity standard of $28/day | 10 |
| 2020s | 1.25 average shortfall from a prosperity standard of $28/day | 1.2 average shortfall from a prosperity standard of $28/day | 1.3 average shortfall from a prosperity standard of $28/day | 4 |
Countries ranked near Latvia
- 86 Bulgaria 1.4 average shortfall from a prosperity standard of $28/day compare
- 86 Italy 1.4 average shortfall from a prosperity standard of $28/day compare
- 86 Uruguay 1.4 average shortfall from a prosperity standard of $28/day compare
- 89 Greece 1.3 average shortfall from a prosperity standard of $28/day compare
- 89 Romania 1.3 average shortfall from a prosperity standard of $28/day compare
- 89 Spain 1.3 average shortfall from a prosperity standard of $28/day compare
- 89 Turkey 1.3 average shortfall from a prosperity standard of $28/day compare
- 89 United States 1.3 average shortfall from a prosperity standard of $28/day compare
More poverty & inequality data for Latvia
- Number of income/consumption surveys in the past decade available via the World Bank 8 surveys (2025)
- Number of income/consumption surveys in the past decade available via 0 surveys per person (2025)
- Number of income/consumption surveys in the past decade available via 0 surveys per US$ of GDP (2025)
- Fertility rate vs. share living in extreme poverty 1.34 live births per woman (2023)
- Cereal yield vs. share in extreme poverty 3,558 kg per hectare (2023)
- Cereal yield vs extreme poverty, per unit of GDP 0 units per US$ of GDP (2023)
- Cereal yield vs extreme poverty, annual growth rate -15.01 % change on previous year (2023)
- Tax revenues vs income inequality, gaps filled 31.88 (2023)
- Tax revenue as share of GDP vs. income inequality 31.9% (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 Latvia?
- Prosperity gap in Latvia was 1.3 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 Latvia?
- The highest recorded value was 3.8 average shortfall from a prosperity standard of $28/day in 1997.
- What is the lowest prosperity gap recorded in Latvia?
- The lowest recorded value was 1.2 average shortfall from a prosperity standard of $28/day in 2021.
- How does Latvia rank for prosperity gap?
- Latvia ranks 89th out of 123 countries with data for 2023.
- Is prosperity gap rising or falling in Latvia?
- Over the last ten years it is down 43.5%. The long-run trend across the full record is falling.
- Where does this Latvia 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 — 27 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.