Total shortfall from extreme poverty in Colombia
Colombia: Total shortfall from extreme poverty was 1.93 billion international-$ in 2021 prices in 2024. ▼ Falling
Total shortfall from extreme poverty in Colombia, 1992–2024
Source: World Bank Poverty and Inequality Platform (2026) – with major processing by Our World in Data. Measured in international-$ in 2021 prices.
Analysis
The most recent figure for total shortfall from extreme poverty in Colombia is 1.93 billion international-$ in 2021 prices, measured in 2024.
Compared with earlier readings it is down 1.9% on the previous year and down 9.3% over ten years.
Over the whole period, total shortfall from extreme poverty in Colombia peaked at 6.00 billion international-$ in 2021 prices in 2001 and was at its lowest, 1.91 billion international-$ in 2021 prices, in 2017.
That places Colombia 22nd out of 120 countries with data for 2024, putting it in the top quarter.
The long-run direction has been consistently falling across the 26 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 4.37 billion international-$ in 2021 prices | 2.39 billion international-$ in 2021 prices | 5.99 billion international-$ in 2021 prices | 3 |
| 2000s | 3.75 billion international-$ in 2021 prices | 2.74 billion international-$ in 2021 prices | 6.00 billion international-$ in 2021 prices | 8 |
| 2010s | 2.18 billion international-$ in 2021 prices | 1.91 billion international-$ in 2021 prices | 2.47 billion international-$ in 2021 prices | 10 |
| 2020s | 2.49 billion international-$ in 2021 prices | 1.93 billion international-$ in 2021 prices | 4.03 billion international-$ in 2021 prices | 5 |
Countries ranked near Colombia
- 19 Cameroon 2.45 billion international-$ in 2021 prices compare
- 20 Mali 2.40 billion international-$ in 2021 prices compare
- 21 Brazil 2.37 billion international-$ in 2021 prices compare
- 23 Indonesia 1.93 billion international-$ in 2021 prices compare
- 24 Bangladesh 1.80 billion international-$ in 2021 prices compare
- 25 Rwanda 1.58 billion international-$ in 2021 prices compare
More poverty & inequality data for Colombia
- Number of income/consumption surveys in the past decade available via the World Bank 9 surveys (2025)
- Fertility rate vs. share living in extreme poverty 1.65 live births per woman (2023)
- Cereal yield vs. share in extreme poverty 4,422 kg per hectare (2024)
- Tax revenue as share of GDP vs. income inequality 25.2% (2023)
- Gender Inequality Index 0.393 (2023)
- Lifespan inequality: Gini coefficient in women 0.0935 (2023)
- Lifespan inequality: Gini coefficient by sex 0.0935 (2023)
- Lifespan inequality: Gini coefficient in men 0.1187 (2023)
- Share of government consumption in GDP vs. share of population living in extreme poverty 21.6% (2023)
- Income inequality: Atkinson index 0.4399 (2023)
Frequently asked questions
- What is total shortfall from extreme poverty in Colombia?
- Total shortfall from extreme poverty in Colombia was 1.93 billion international-$ in 2021 prices in 2024, according to World Bank Poverty and Inequality Platform (2026) – with major processing by Our World in Data.
- What is the highest total shortfall from extreme poverty recorded in Colombia?
- The highest recorded value was 6.00 billion international-$ in 2021 prices in 2001.
- What is the lowest total shortfall from extreme poverty recorded in Colombia?
- The lowest recorded value was 1.91 billion international-$ in 2021 prices in 2017.
- How does Colombia rank for total shortfall from extreme poverty?
- Colombia ranks 22nd out of 120 countries with data for 2024.
- Is total shortfall from extreme poverty rising or falling in Colombia?
- Over the last ten years it is down 9.3%. The long-run trend across the full record is falling.
- Where does this Colombia data come from?
- The figures come from World Bank Poverty and Inequality Platform (2026) – with major processing by Our World in Data, published as part of Total shortfall from extreme poverty. Statizoid updates them automatically from the source API.
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About this data
This is the amount of money that would be theoretically needed to lift the income or consumption of all people in poverty up to $3 per day. However, this is not a measure of the actual cost of eliminating poverty, since it does not take into account the costs involved in making the necessary transfers nor any changes in behavior they would bring about.