Russian Federation's prosperity gap (average shortfall from a prosperity standard of $28/day) was 1 in 2023, the latest year in the World Bank's World Development Indicators. That is down 37.5% from 1.6 in 2013 (4.59% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 1 | 2023 |
| Five years earlier | 1.2 | 2018 |
| Ten years earlier | 1.6 | 2013 |
| Highest | 4.4 | 1999 |
| Lowest | 1 | 2023 |
| Average since 2014 | 1.18 | 2014–2023 |
| First recorded | 3.5 | 1993 |
What the numbers say
In 2023, Russian Federation's prosperity gap (average shortfall from a prosperity standard of $28/day) fell 9.1% on 2022 (from 1.1 to 1).
Across the 26 yearly changes before that (1997 to 2022), the average change was −4% and a typical year strayed about 9.8% from that (the standard deviation). This year's change was 0.5 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
On record, the biggest yearly rise was 25.7% in 1999 and the biggest yearly fall was 25% in 2014. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2014 to 2023 the straight-line trend is downward, about 0.02 a year. A straight line explains 52% of the movement over 10 observed years.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2023, Russian Federation had the 18th highest value of the 33 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
| Value | Year | |
|---|---|---|
| Russian Federation | 1 | 2023 |
| World | 4.6 | 2024 |
| Europe & Central Asia | 1.3 | 2024 |
| High income | 1 | 2024 |
Closest to Russian Federation in the 2023 ranking
What this measures
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.
Regional and income-group figures are computed by the World Bank as a population-weighted average.
All 29 values
| Year | Prosperity gap (average shortfall from a prosperity standard of $28/day) |
|---|---|
| 2023 | 1 |
| 2022 | 1.1 |
| 2021 | 1.2 |
| 2020 | 1.1 |
| 2019 | 1.2 |
| 2018 | 1.2 |
| 2017 | 1.3 |
| 2016 | 1.3 |
| 2015 | 1.2 |
| 2014 | 1.2 |
| 2013 |
Prosperity gap (average shortfall from a prosperity standard of $28/day) in nearby economies
More poverty data for Russian Federation
- Income share held by second 20% — 12.1% (2023)
- Income share held by third 20% — 16.5% (2023)
- Income share held by fourth 20% — 22.7% (2023)
- Income share held by highest 20% — 41% (2023)
- Income share held by highest 10% — 25.1% (2023)
- Proportion of people living below 50 percent of median income (%) — 10.8% (2023)
- Income share held by lowest 10% — 3.1% (2023)
- Income share held by lowest 20% — 7.7% (2023)
- Poverty headcount ratio at $3.00 a day (2021 PPP) (% of population)
Reading data like this
Questions people ask
- What is Russian Federation's prosperity gap (average shortfall from a prosperity standard of $28/day)?
- 1 in 2023, according to the World Bank (World Development Indicators).
- How has it changed since 1993?
- It is down 71.43% from 3.5 in 1993 (4.09% a year on average, compounded). The highest value was 4.4 in 1999 and the lowest 1 in 2023.
- How does Russian Federation rank?
- 18th highest of 33 economies with data for 2023.
- Is the latest change in prosperity gap (average shortfall from a prosperity standard of $28/day) unusual for Russian Federation?
Source
World Bank, World Development Indicators, indicator SI.SPR.PGAP, licensed CC BY 4.0. Original 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 economies are mostly from the Luxembourg Income Study database. Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
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