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 2016 was 1.20%, a 0.3% decline from 2014.
  • South Korea poverty rate for 2014 was 1.50%, a 0.2% decline from 2012.
  • South Korea poverty rate for 2012 was 1.70%, a 0.5% decline from 2010.
  • South Korea poverty rate for 2010 was 2.20%, a 0.5% increase from 2008.
Data Source: World Bank

MLA Citation:
Similar Country Ranking
Country Name % Under US $5.50 Per Day
Panama 14.50%
Argentina 8.80%
Greece 6.40%
Uruguay 5.60%
Lithuania 4.90%
Croatia 4.70%
Latvia 4.60%
Slovak Republic 4.30%
Israel 4.00%
Portugal 3.60%
Spain 3.50%
Italy 3.40%
Hungary 3.30%
Poland 2.40%
United States 2.00%
Estonia 1.80%
Austria 1.30%
South Korea 1.20%
Canada 1.00%
Australia 1.00%
Sweden 0.90%
Ireland 0.80%
United Kingdom 0.70%
Norway 0.70%
Czech Republic 0.70%
Denmark 0.50%
Luxembourg 0.50%
Netherlands 0.40%
France 0.30%
Belgium 0.30%
Malta 0.30%
Finland 0.20%
Iceland 0.20%
Slovenia 0.20%
Germany 0.20%
Cyprus 0.10%
Switzerland 0.10%
South Korea Poverty Rate - Historical Data
Year % Under US $5.50 Per Day Change
2016 1.20% -0.30%
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%