South Korea: Poverty at 5.50 USD per day
* indicates monthly or quarterly data series
| South Korea |
Poverty ratio, percent living on less than 5.50 USD a day |
|---|---|
| Latest value | 0.50 |
| Year | 2021 |
| Measure | percent |
| Data availability | 2006 - 2021 |
| Average | 1.21 |
| Min - Max | 0.50 - 2.20 |
| Source | The World Bank |
The latest value from 2021 is 0.5 percent, unchanged from 0.5 percent in 2020. In comparison, the world average is 25.11 percent, based on data from 71 countries. Historically, the average for South Korea from 2006 to 2021 is 1.21 percent. The minimum value, 0.5 percent, was reached in 2019 while the maximum of 2.2 percent was recorded in 2010.
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* indicates monthly or quarterly data series
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Definition: Poverty headcount ratio at $6.85 a day is the percentage of the population living on less than $6.85 a day at 2017 international prices.
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| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Gini inequality index | 32.90 | 2021 | index points |
| Poverty at 1.90 USD per day | 0.00 | 2021 | percent |
| Poverty at 5.50 USD per day | 0.50 | 2021 | percent |
| Top 10 percent income share | 24.60 | 2021 | percent |