Korea vs Latvia: Poverty headcount ratio at societal poverty line
Poverty headcount ratio at societal poverty line over time
- Korea
- Latvia
How they compare
Korea currently reports 14.2% against 14.0% in Latvia, a difference of 0.2%.
The two have swapped places 2 times across 11 shared years of data; in 2006 it was Latvia ahead.
Korea ranks 91st and Latvia ranks 93rd of 123 countries.
Latvia has averaged higher in every one of the 3 decades both report.
Head to head by decade
| Decade | Korea | Latvia | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 15.4% | 17.4% | 2.0% | Latvia |
| 2010s | 15.6% | 16.5% | 0.9% | Latvia |
| 2020s | 14.1% | 14.9% | 0.8% | Latvia |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher poverty headcount ratio at societal poverty line, Korea or Latvia?
- Korea, at 14.2% against 14.0% in Latvia as of 2021.
- What is the difference in poverty headcount ratio at societal poverty line between Korea and Latvia?
- 0.2%, with Korea ahead.
- How many years of comparable data are there for Korea and Latvia?
- 11 years are reported by both, from 2006 to 2021.
- How do Korea and Latvia rank globally for poverty headcount ratio at societal poverty line?
- Korea ranks 91st and Latvia ranks 93rd of 123 countries.
- Where does this data come from?
- World Bank, Poverty and Inequality Platform. Data are based on primary household survey data obtained from government statistical agencies and World Bank country departments. Data for high-income econ, published as Poverty headcount ratio at societal poverty line (% of population). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
The poverty headcount ratio at societal poverty line is the percentage of a population living in poverty according to the World Bank's Societal Poverty Line. The Societal Poverty Line is expressed in purchasing power adjusted 2021 U.S. dollars and defined as max($3.00, $1.30 + 0.5*Median). This means that when the national median is sufficiently low, the Societal Poverty line is equivalent to the extreme poverty line, $3.00. For countries with a sufficiently high national median, the Societal Poverty Line grows as countries’ median income grows.