Prosperity gap in Latvia
Latvia: Prosperity gap was 1.3 average shortfall from a prosperity standard of $28/day in 2023. ▼ Falling
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.
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 Türkiye 1.3 average shortfall from a prosperity standard of $28/day compare
- 89 United States 1.3 average shortfall from a prosperity standard of $28/day compare
More poverty & inequality data for Latvia
- Data deprivation poverty surveys per decade 8 (2025)
- Fertility rate vs the share living in extreme poverty 1.34 (2023)
- Cereal yield vs extreme poverty 3,558 (2023)
- Cereal yield vs extreme poverty, per unit of GDP 0 units per US$ 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 revenues vs income inequality 31.88 (2023)
- Tax revenues vs income inequality, per unit of GDP 0 units per US$ of GDP (2023)
- Tax revenues vs income inequality, annual growth rate 3.64 % change on previous year (2023)
- Gender inequality index from the human development report 0.117 (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.
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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.