South Korea Poverty Rate 2006-2024

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 2021 was 0.50%, a 0% increase from 2020.
  • South Korea poverty rate for 2020 was 0.50%, a 0% increase from 2019.
  • South Korea poverty rate for 2019 was 0.50%, a 0.2% decline from 2018.
  • South Korea poverty rate for 2018 was 0.70%, a 0.3% decline from 2017.
Data Source: World Bank

MLA Citation:
Similar Country Ranking
Country Name % Under US $5.50 Per Day
Panama 12.90%
Argentina 11.40%
Uruguay 6.70%
Israel 3.50%
Greece 2.90%
Slovak Republic 2.40%
Hungary 2.20%
Latvia 2.10%
Spain 1.90%
Croatia 1.80%
Italy 1.70%
Portugal 1.70%
Sweden 1.40%
Lithuania 1.20%
Austria 1.10%
United States 1.00%
Poland 0.90%
United Kingdom 0.70%
Estonia 0.70%
France 0.50%
South Korea 0.50%
Czech Republic 0.30%
Luxembourg 0.30%
Ireland 0.30%
Denmark 0.30%
Netherlands 0.30%
Belgium 0.20%
Cyprus 0.10%
Slovenia 0.10%
Finland 0.10%
South Korea Poverty Rate - Historical Data
Year % Under US $5.50 Per Day Change
2021 0.50% 0.00%
2020 0.50% 0.00%
2019 0.50% -0.20%
2018 0.70% -0.30%
2017 1.00% 0.00%
2016 1.00% -0.50%
2014 1.50% -0.20%
2012 1.70% -0.50%
2010 2.20% 0.50%
2008 1.70% -0.30%
2006 2.00% -0.30%