Prosperity gap (average shortfall from a prosperity standard) in Venezuela
Venezuela: Prosperity gap (average shortfall from a prosperity standard) was 6.5 average shortfall from a prosperity standard of $28/day in 2006. ▲ Rising
Latest (2006)
6.5 average shortfall from a prosperity standard of $28/day
Change on year
down 37.5%
World rank
26th
of 123 countries
All-time high
11.5 average shortfall from a prosperity standard of $28/day
in 2003
All-time low
4.1 average shortfall from a prosperity standard of $28/day
in 1981
Years of data
13
1981–2006
Prosperity gap in Venezuela, 1981–2006
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
Venezuela recorded 6.5 average shortfall from a prosperity standard of $28/day for prosperity gap in 2006.
That represents a change of down 37.5% on the previous year and down 4.4% over ten years.
Over the whole period, prosperity gap in Venezuela peaked at 11.5 average shortfall from a prosperity standard of $28/day in 2003 and was at its lowest, 4.1 average shortfall from a prosperity standard of $28/day, in 1981.
Venezuela ranks 26th of 123 countries on this measure, in the top quarter.
The long-run direction has been consistently rising across the 13 years of available data.
Prosperity gap (average shortfall from a prosperity standard) in Venezuela, year by year
| Year | average shortfall from a prosperity standard of $28/day | Change |
|---|---|---|
| 1981 | 4.1 average shortfall from a prosperity standard of $28/day | — |
| 1987 | 4.3 average shortfall from a prosperity standard of $28/day | +4.9% |
| 1989 | 5.9 average shortfall from a prosperity standard of $28/day | +37.2% |
| 1992 | 5.2 average shortfall from a prosperity standard of $28/day | -11.9% |
| 1995 | 6.8 average shortfall from a prosperity standard of $28/day | +30.8% |
| 1998 | 7.6 average shortfall from a prosperity standard of $28/day | +11.8% |
| 1999 | 7.8 average shortfall from a prosperity standard of $28/day | +2.6% |
| 2001 | 7.2 average shortfall from a prosperity standard of $28/day | -7.7% |
| 2002 | 10 average shortfall from a prosperity standard of $28/day | +38.9% |
| 2003 | 11.5 average shortfall from a prosperity standard of $28/day | +15.0% |
| 2004 | 10.7 average shortfall from a prosperity standard of $28/day | -7.0% |
| 2005 | 10.4 average shortfall from a prosperity standard of $28/day | -2.8% |
| 2006 | 6.5 average shortfall from a prosperity standard of $28/day | -37.5% |
Venezuela compared with similar countries
- Venezuela's 6.5 average shortfall from a prosperity standard of $28/day is above the median for lower middle income countries, which is 5.5 average shortfall from a prosperity standard of $28/day, 1.2× the median. (29 countries reporting)
- Venezuela's 6.5 average shortfall from a prosperity standard of $28/day is above the median for Latin America & Caribbean, which is 2.55 average shortfall from a prosperity standard of $28/day, 2.5× the median. (20 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 4.77 average shortfall from a prosperity standard of $28/day | 4.1 average shortfall from a prosperity standard of $28/day | 5.9 average shortfall from a prosperity standard of $28/day | 3 |
| 1990s | 6.85 average shortfall from a prosperity standard of $28/day | 5.2 average shortfall from a prosperity standard of $28/day | 7.8 average shortfall from a prosperity standard of $28/day | 4 |
| 2000s | 9.38 average shortfall from a prosperity standard of $28/day | 6.5 average shortfall from a prosperity standard of $28/day | 11.5 average shortfall from a prosperity standard of $28/day | 6 |
Countries ranked near Venezuela
- 23 Gambia 6.9 average shortfall from a prosperity standard of $28/day compare
- 24 Syria 6.8 average shortfall from a prosperity standard of $28/day compare
- 25 Cote d'Ivoire 6.7 average shortfall from a prosperity standard of $28/day compare
- 27 Botswana 6.4 average shortfall from a prosperity standard of $28/day compare
- 27 Senegal 6.4 average shortfall from a prosperity standard of $28/day compare
- 29 Honduras 6.2 average shortfall from a prosperity standard of $28/day compare
More poverty & inequality data for Venezuela
- Number of income/consumption surveys in the past decade available via the World Bank 0 surveys (2025)
- Number of income/consumption surveys in the past decade available via 0 surveys per person (2025)
- Number of income/consumption surveys in the past decade available via 0 surveys per US$ of GDP (2025)
- Fertility rate vs. share living in extreme poverty 2.08 live births per woman (2023)
- Cereal yield vs. share in extreme poverty 4,080 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 15.68 % change on previous year (2023)
- Tax revenues vs income inequality, gaps filled 20.19 (2015)
- Tax revenue as share of GDP vs. income inequality 20.2% (2015)
- Tax revenues vs income inequality, per unit of GDP 0 units per US$ of GDP (2015)
Frequently asked questions
- What is prosperity gap in Venezuela?
- Prosperity gap in Venezuela was 6.5 average shortfall from a prosperity standard of $28/day in 2006, 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 Venezuela?
- The highest recorded value was 11.5 average shortfall from a prosperity standard of $28/day in 2003.
- What is the lowest prosperity gap recorded in Venezuela?
- The lowest recorded value was 4.1 average shortfall from a prosperity standard of $28/day in 1981.
- How does Venezuela rank for prosperity gap?
- Venezuela ranks 26th out of 123 countries with data for 2006.
- Is prosperity gap rising or falling in Venezuela?
- Over the last ten years it is down 4.4%. The long-run trend across the full record is rising.
- Where does this Venezuela 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.