Income share held by lowest 10% in Republic of Korea
Republic of Korea: Income share held by lowest 10% was 2.9% in 2021. β² Rising
Income share held by lowest 10% in Republic of Korea, 2006β2021
Source: 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.
Analysis
In 2021, income share held by lowest 10% in Republic of Korea stood at 2.9%.
Compared with earlier readings it is down 3.3% on the previous year and up 11.5% over ten years.
Over the whole period, income share held by lowest 10% in Republic of Korea peaked at 3.0% in 2020 and was at its lowest, 2.4%, in 2016.
Republic of Korea ranks 53rd of 123 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 11 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 2.7% | 2.6% | 2.7% | 2 |
| 2010s | 2.6% | 2.4% | 2.8% | 7 |
| 2020s | 3.0% | 2.9% | 3.0% | 2 |
Countries ranked near Republic of Korea
- 53 Burundi 2.9% compare
- 53 Canada 2.9% compare
- 53 Croatia 2.9% compare
- 53 Georgia 2.9% compare
- 53 Kenya 2.9% compare
- 53 Madagascar 2.9% compare
- 53 Malawi 2.9% compare
- 53 Philippines 2.9% compare
- 53 Switzerland 2.9% compare
- 53 Tajikistan 2.9% compare
- 53 United Republic of Tanzania 2.9% compare
- 53 United Kingdom 2.9% compare
More poverty & inequality data for Republic of Korea
- Data deprivation poverty surveys per decade 6 (2025)
- Fertility rate vs the share living in extreme poverty 0.72 (2023)
- Cereal yield vs extreme poverty 6,615 (2023)
- Cereal yield vs extreme poverty, per unit of GDP 0 units per US$ of GDP (2023)
- Cereal yield vs extreme poverty, annual growth rate 0.0454 % change on previous year (2023)
- Tax revenues vs income inequality, gaps filled 26.87 (2023)
- Tax revenues vs income inequality 26.87 (2023)
- Tax revenues vs income inequality, per unit of GDP 0 units per US$ of GDP (2023)
- Tax revenues vs income inequality, annual growth rate -9.65 % change on previous year (2023)
- Gender inequality index from the human development report 0.038 (2023)
Frequently asked questions
- What is income share held by lowest 10% in Republic of Korea?
- Income share held by lowest 10% in Republic of Korea was 2.9% in 2021, according to 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.
- What is the highest income share held by lowest 10% recorded in Republic of Korea?
- The highest recorded value was 3.0% in 2020.
- What is the lowest income share held by lowest 10% recorded in Republic of Korea?
- The lowest recorded value was 2.4% in 2016.
- How does Republic of Korea rank for income share held by lowest 10%?
- Republic of Korea ranks 53rd out of 123 countries with data for 2021.
- Is income share held by lowest 10% rising or falling in Republic of Korea?
- Over the last ten years it is up 11.5%. The long-run trend across the full record is rising.
- Where does this Republic of Korea data come from?
- The figures 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 part of Income share held by lowest 10%. Statizoid updates them automatically from the source API.
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CSV Β· JSON β 11 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Percentage share of income or consumption is the share that accrues to subgroups of population indicated by deciles or quintiles.