South Korea vs Latvia: Poverty headcount ratio at societal poverty line (% of population)
Poverty headcount ratio at societal poverty line (% of population) over time
- South Korea
- Latvia
How they compare
South 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.
South 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 | South 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, South Korea or Latvia?
- South 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 South Korea and Latvia?
- 0.2%, with South Korea ahead.
- How many years of comparable data are there for South Korea and Latvia?
- 11 years are reported by both, from 2006 to 2021.
- How do South Korea and Latvia rank globally for poverty headcount ratio at societal poverty line?
- South 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.