Lao People’s Democratic Republic - Poverty gap at $5.5 a day based on purchasing-power-parity

29.9 (%) in 2018

In 2018, poverty gap at $5.5 a day for Lao People’s Democratic Republic was 29.9 %. Poverty gap at $5.5 a day of Lao People’s Democratic Republic fell gradually from 59.3 % in 1997 to 29.9 % in 2018.

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What is poverty gap at $5.5 a day?

Poverty gap at $5.50 a day (2011 PPP) is the mean shortfall in income or consumption from the poverty line $5.50 a day (counting the nonpoor as having zero shortfall), expressed as a percentage of the poverty line. This measure reflects the depth of poverty as well as its incidence.

What is Lao People’s Democratic Republic poverty gap at $5.5 a day?