Austria vs Republic of Korea: Prosperity gap
Prosperity gap over time
- Austria
- Republic of Korea
How they compare
Austria currently reports 0.8 average shortfall from a prosperity standard of $28/day against 0.7 average shortfall from a prosperity standard of $28/day in Republic of Korea, a difference of 0.1 average shortfall from a prosperity standard of $28/day.
That makes Austria's figure about 1.1 times Republic of Korea's.
The two have swapped places 3 times across 11 shared years of data; in 2006 it was Republic of Korea ahead.
Austria ranks 107th and Republic of Korea ranks 110th of 123 countries.
Across the 3 decades both report, Austria averaged higher in 1 and Republic of Korea in 2.
Head to head by decade
| Decade | Austria | Republic of Korea | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 0.65 average shortfall from a prosperity standard of $28/day | 1.2 average shortfall from a prosperity standard of $28/day | 0.55 average shortfall from a prosperity standard of $28/day | Republic of Korea |
| 2010s | 0.8714 average shortfall from a prosperity standard of $28/day | 0.9286 average shortfall from a prosperity standard of $28/day | 0.0571 average shortfall from a prosperity standard of $28/day | Republic of Korea |
| 2020s | 1 average shortfall from a prosperity standard of $28/day | 0.7 average shortfall from a prosperity standard of $28/day | 0.3 average shortfall from a prosperity standard of $28/day | Austria |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher prosperity gap, Austria or Republic of Korea?
- Austria, at 0.8 average shortfall from a prosperity standard of $28/day against 0.7 average shortfall from a prosperity standard of $28/day in Republic of Korea as of 2023.
- What is the difference in prosperity gap between Austria and Republic of Korea?
- 0.1 average shortfall from a prosperity standard of $28/day, with Austria ahead.
- How many years of comparable data are there for Austria and Republic of Korea?
- 11 years are reported by both, from 2006 to 2021.
- How do Austria and Republic of Korea rank globally for prosperity gap?
- Austria ranks 107th and Republic of Korea ranks 110th 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 Prosperity gap (average shortfall from a prosperity standard of $28/day). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
The average shortfall from a prosperity standard of $28 per day (adjusted for differences in purchasing power parity across countries). It is measured as the average factor by which incomes fall short of $28.