Prosperity gap in Venezuela, Bolivarian Republic of
Venezuela, Bolivarian Republic of: Prosperity gap was 6.5 average shortfall from a prosperity standard of $28/day in 2006. ▲ Rising
Prosperity gap in Venezuela, Bolivarian Republic of, 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, Bolivarian Republic of 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, Bolivarian Republic of 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, Bolivarian Republic of 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 in Venezuela, Bolivarian Republic of, 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% |
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, Bolivarian Republic of
- 23 Gambia 6.9 average shortfall from a prosperity standard of $28/day compare
- 24 Syrian Arab Republic 6.8 average shortfall from a prosperity standard of $28/day compare
- 25 Côte 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 $28/day compare
More poverty & inequality data for Venezuela, Bolivarian Republic of
- Data deprivation poverty surveys per decade 0 (2025)
- Fertility rate vs the share living in extreme poverty 2.08 (2023)
- Cereal yield vs extreme poverty 4,080 (2023)
- Cereal yield vs extreme poverty, per unit of GDP 0 units per US$ 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 revenues vs income inequality 20.19 (2015)
- Tax revenues vs income inequality, per unit of GDP 0 units per US$ of GDP (2015)
- Tax revenues vs income inequality, annual growth rate 12.11 % change on previous year (2015)
- Gender inequality index from the human development report 0.512 (2023)
Frequently asked questions
- What is prosperity gap in Venezuela, Bolivarian Republic of?
- Prosperity gap in Venezuela, Bolivarian Republic of 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, Bolivarian Republic of?
- 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, Bolivarian Republic of?
- The lowest recorded value was 4.1 average shortfall from a prosperity standard of $28/day in 1981.
- How does Venezuela, Bolivarian Republic of rank for prosperity gap?
- Venezuela, Bolivarian Republic of ranks 26th out of 123 countries with data for 2006.
- Is prosperity gap rising or falling in Venezuela, Bolivarian Republic of?
- Over the last ten years it is down 4.4%. The long-run trend across the full record is rising.
- Where does this Venezuela, Bolivarian Republic of 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.