South Korea Poverty Rate 2006-2021

Poverty headcount ratio at $5.50 a day is the percentage of the population living on less than $5.50 a day at 2011 international prices. As a result of revisions in PPP exchange rates, poverty rates for individual countries cannot be compared with poverty rates reported in earlier editions.
  • South Korea poverty rate for 2016 was 0.70%, a 0.3% decline from 2014.
  • South Korea poverty rate for 2014 was 1.00%, a 0.2% decline from 2012.
  • South Korea poverty rate for 2012 was 1.20%, a 0.3% decline from 2010.
  • South Korea poverty rate for 2010 was 1.50%, a 0.3% increase from 2008.
Data Source: World Bank

MLA Citation:
Similar Country Ranking
Country Name % Under US $5.50 Per Day
Panama 14.60%
Argentina 11.50%
Greece 5.60%
Lithuania 4.50%
Croatia 4.10%
Uruguay 3.70%
Latvia 3.60%
Slovak Republic 3.20%
Italy 3.20%
Spain 3.20%
Portugal 2.70%
Israel 2.70%
Hungary 2.60%
United States 1.70%
Poland 1.60%
Estonia 1.40%
Austria 1.20%
South Korea 0.70%
Canada 0.70%
Ireland 0.70%
Czech Republic 0.60%
Norway 0.60%
Sweden 0.60%
Germany 0.50%
United Kingdom 0.50%
Denmark 0.40%
Luxembourg 0.30%
Netherlands 0.30%
Malta 0.30%
France 0.20%
Finland 0.20%
Belgium 0.20%
Slovenia 0.10%
Cyprus 0.10%
Switzerland 0.10%
Iceland 0.10%
South Korea Poverty Rate - Historical Data
Year % Under US $5.50 Per Day Change
2016 0.70% -0.30%
2014 1.00% -0.20%
2012 1.20% -0.30%
2010 1.50% 0.30%
2008 1.20% 0.00%
2006 1.20% 0.00%