Total shortfall from extreme poverty in Latvia
Latvia: Total shortfall from extreme poverty was 6.33 million international-$ in 2021 prices in 2023. ◆ Volatile
Total shortfall from extreme poverty in Latvia, 1993–2023
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 Latvia is 6.33 million international-$ in 2021 prices, measured in 2023.
That represents a change of up 55.7% on the previous year and down 62.4% over ten years.
Over the whole period, total shortfall from extreme poverty in Latvia peaked at 40.37 million international-$ in 2021 prices in 2004 and was at its lowest, 0 international-$ in 2021 prices, in 1993.
That places Latvia 93rd out of 120 countries with data for 2023, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 8.87 million international-$ in 2021 prices | 0 international-$ in 2021 prices | 20.50 million international-$ in 2021 prices | 3 |
| 2000s | 26.15 million international-$ in 2021 prices | 10.07 million international-$ in 2021 prices | 40.37 million international-$ in 2021 prices | 6 |
| 2010s | 11.73 million international-$ in 2021 prices | 4.26 million international-$ in 2021 prices | 23.67 million international-$ in 2021 prices | 10 |
| 2020s | 5.52 million international-$ in 2021 prices | 4.06 million international-$ in 2021 prices | 6.33 million international-$ in 2021 prices | 4 |
Countries ranked near Latvia
- 90 Norway 7.94 million international-$ in 2021 prices compare
- 91 Finland 7.67 million international-$ in 2021 prices compare
- 92 Russia 7.49 million international-$ in 2021 prices compare
- 94 Croatia 6.00 million international-$ in 2021 prices compare
- 95 Ukraine 5.61 million international-$ in 2021 prices compare
- 96 Belgium 4.73 million international-$ in 2021 prices compare
More poverty & inequality data for Latvia
- Number of income/consumption surveys in the past decade available via the World Bank 8 surveys (2025)
- Fertility rate vs. share living in extreme poverty 1.34 live births per woman (2023)
- Cereal yield vs. share in extreme poverty 3,558 kg per hectare (2023)
- Tax revenue as share of GDP vs. income inequality 31.9% (2023)
- Gender Inequality Index 0.117 (2023)
- Lifespan inequality: Gini coefficient in women 0.0904 (2023)
- Lifespan inequality: Gini coefficient by sex 0.0904 (2023)
- Lifespan inequality: Gini coefficient in men 0.1213 (2023)
- Share of government consumption in GDP vs. share of population living in extreme poverty 31.3% (2023)
- Income inequality: Atkinson index 0.1903 (2023)
Frequently asked questions
- What is total shortfall from extreme poverty in Latvia?
- Total shortfall from extreme poverty in Latvia was 6.33 million international-$ in 2021 prices in 2023, 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 Latvia?
- The highest recorded value was 40.37 million international-$ in 2021 prices in 2004.
- What is the lowest total shortfall from extreme poverty recorded in Latvia?
- The lowest recorded value was 0 international-$ in 2021 prices in 1993.
- How does Latvia rank for total shortfall from extreme poverty?
- Latvia ranks 93rd out of 120 countries with data for 2023.
- Is total shortfall from extreme poverty rising or falling in Latvia?
- Over the last ten years it is down 62.4%. The long-run trend across the full record is volatile.
- Where does this Latvia 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.