South Korea vs Paraguay: Total shortfall from extreme poverty
Total shortfall from extreme poverty over time
- South Korea
- Paraguay
How they compare
Paraguay currently reports 36.76 million international-$ in 2021 prices against 34.39 million international-$ in 2021 prices in South Korea, a difference of 2.37 million international-$ in 2021 prices.
That makes Paraguay's figure about 1.1 times South Korea's.
The two have swapped places 5 times across 11 shared years of data; in 2006 it was Paraguay ahead.
South Korea ranks 73rd and Paraguay ranks 70th of 120 countries.
Paraguay has averaged higher in every one of the 3 decades both report.
Head to head by decade
| Decade | South Korea | Paraguay | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 124.22 million international-$ in 2021 prices | 210.87 million international-$ in 2021 prices | 86.65 million international-$ in 2021 prices | Paraguay |
| 2010s | 79.08 million international-$ in 2021 prices | 85.67 million international-$ in 2021 prices | 6.59 million international-$ in 2021 prices | Paraguay |
| 2020s | 33.82 million international-$ in 2021 prices | 33.83 million international-$ in 2021 prices | 15,100 international-$ in 2021 prices | Paraguay |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher total shortfall from extreme poverty, South Korea or Paraguay?
- Paraguay, at 36.76 million international-$ in 2021 prices against 34.39 million international-$ in 2021 prices in South Korea as of 2024.
- What is the difference in total shortfall from extreme poverty between South Korea and Paraguay?
- 2.37 million international-$ in 2021 prices, with Paraguay ahead.
- How many years of comparable data are there for South Korea and Paraguay?
- 11 years are reported by both, from 2006 to 2021.
- How do South Korea and Paraguay rank globally for total shortfall from extreme poverty?
- South Korea ranks 73rd and Paraguay ranks 70th of 120 countries.
- Where does this data come from?
- World Bank Poverty and Inequality Platform (2026) β with major processing by Our World in Data, published as Total shortfall from extreme poverty. Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
This is the amount of money that would be theoretically needed to lift the income or consumption of all people in poverty up to $3 per day. However, this is not a measure of the actual cost of eliminating poverty, since it does not take into account the costs involved in making the necessary transfers nor any changes in behavior they would bring about.