Prosperity gap (average shortfall from a prosperity standard) in Mongolia
Mongolia: Prosperity gap (average shortfall from a prosperity standard) was 2.7 average shortfall from a prosperity standard of $28/day in 2022. ▼ Falling
Latest (2022)
2.7 average shortfall from a prosperity standard of $28/day
World rank
57th
of 123 countries
All-time high
9.8 average shortfall from a prosperity standard of $28/day
in 1998
All-time low
2.7 average shortfall from a prosperity standard of $28/day
in 2022
Years of data
11
1995–2022
Prosperity gap in Mongolia, 1995–2022
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
Mongolia recorded 2.7 average shortfall from a prosperity standard of $28/day for prosperity gap in 2022. That is the lowest value across all 11 years on record.
That represents a change of down 15.6% over ten years.
Over the whole period, prosperity gap in Mongolia peaked at 9.8 average shortfall from a prosperity standard of $28/day in 1998 and was at its lowest, 2.7 average shortfall from a prosperity standard of $28/day, in 2022.
Mongolia ranks 57th of 123 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 11 years of available data.
Prosperity gap (average shortfall from a prosperity standard) in Mongolia, year by year
| Year | average shortfall from a prosperity standard of $28/day | Change |
|---|---|---|
| 1995 | 6.8 average shortfall from a prosperity standard of $28/day | — |
| 1998 | 9.8 average shortfall from a prosperity standard of $28/day | +44.1% |
| 2002 | 6.6 average shortfall from a prosperity standard of $28/day | -32.7% |
| 2007 | 4.1 average shortfall from a prosperity standard of $28/day | -37.9% |
| 2010 | 4 average shortfall from a prosperity standard of $28/day | -2.4% |
| 2011 | 3.7 average shortfall from a prosperity standard of $28/day | -7.5% |
| 2012 | 3.2 average shortfall from a prosperity standard of $28/day | -13.5% |
| 2014 | 3 average shortfall from a prosperity standard of $28/day | -6.3% |
| 2016 | 3.6 average shortfall from a prosperity standard of $28/day | +20.0% |
| 2018 | 3.4 average shortfall from a prosperity standard of $28/day | -5.6% |
| 2022 | 2.7 average shortfall from a prosperity standard of $28/day | -20.6% |
Mongolia compared with similar countries
- Mongolia's 2.7 average shortfall from a prosperity standard of $28/day is above the median for upper middle income countries, which is 2.65 average shortfall from a prosperity standard of $28/day, 1.0× the median. (38 countries reporting)
- Mongolia's 2.7 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, 1.1× the median. (11 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 8.3 average shortfall from a prosperity standard of $28/day | 6.8 average shortfall from a prosperity standard of $28/day | 9.8 average shortfall from a prosperity standard of $28/day | 2 |
| 2000s | 5.35 average shortfall from a prosperity standard of $28/day | 4.1 average shortfall from a prosperity standard of $28/day | 6.6 average shortfall from a prosperity standard of $28/day | 2 |
| 2010s | 3.48 average shortfall from a prosperity standard of $28/day | 3 average shortfall from a prosperity standard of $28/day | 4 average shortfall from a prosperity standard of $28/day | 6 |
| 2020s | 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 | 1 |
Countries ranked near Mongolia
- 54 North Macedonia 2.9 average shortfall from a prosperity standard of $28/day compare
- 54 Palestine 2.9 average shortfall from a prosperity standard of $28/day compare
- 56 Montenegro 2.8 average shortfall from a prosperity standard of $28/day compare
- 57 Brazil 2.7 average shortfall from a prosperity standard of $28/day compare
- 59 Jamaica 2.6 average shortfall from a prosperity standard of $28/day compare
- 59 Moldova 2.6 average shortfall from a prosperity standard of $28/day compare
- 59 Vietnam 2.6 average shortfall from a prosperity standard of $28/day compare
More poverty & inequality data for Mongolia
- Number of income/consumption surveys in the past decade available via the World Bank 3 surveys (2025)
- Number of income/consumption surveys in the past decade available via 0 surveys per person (2025)
- Number of income/consumption surveys in the past decade available via 0 surveys per US$ of GDP (2025)
- Fertility rate vs. share living in extreme poverty 2.69 live births per woman (2023)
- Cereal yield vs. share in extreme poverty 1,296 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 16.38 % change on previous year (2023)
- Tax revenues vs income inequality, gaps filled 31.3 (2022)
- Tax revenue as share of GDP vs. income inequality 31.3% (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 Mongolia?
- Prosperity gap in Mongolia was 2.7 average shortfall from a prosperity standard of $28/day in 2022, 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 Mongolia?
- The highest recorded value was 9.8 average shortfall from a prosperity standard of $28/day in 1998.
- What is the lowest prosperity gap recorded in Mongolia?
- The lowest recorded value was 2.7 average shortfall from a prosperity standard of $28/day in 2022.
- How does Mongolia rank for prosperity gap?
- Mongolia ranks 57th out of 123 countries with data for 2022.
- Is prosperity gap rising or falling in Mongolia?
- Over the last ten years it is down 15.6%. The long-run trend across the full record is falling.
- Where does this Mongolia 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 — 11 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.