Income share held by lowest 20% in Korea
Korea: Income share held by lowest 20% was 7.4% in 2021. ▬ Flat
Income share held by lowest 20% in Korea, 2006–2021
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
The most recent figure for income share held by lowest 20% in Korea is 7.4%, measured in 2021.
That represents a change of down 1.3% on the previous year and up 1.4% over ten years.
Over the whole period, income share held by lowest 20% in Korea peaked at 7.5% in 2014 and was at its lowest, 6.5%, in 2016.
That places Korea 54th out of 123 countries with data for 2021, putting it in the middle of the range.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 7.2% | 7.2% | 7.3% | 2 |
| 2010s | 7.1% | 6.5% | 7.5% | 7 |
| 2020s | 7.5% | 7.4% | 7.5% | 2 |
Countries ranked near Korea
More poverty & inequality data for 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 20% in Korea?
- Income share held by lowest 20% in Korea was 7.4% 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 20% recorded in Korea?
- The highest recorded value was 7.5% in 2014.
- What is the lowest income share held by lowest 20% recorded in Korea?
- The lowest recorded value was 6.5% in 2016.
- How does Korea rank for income share held by lowest 20%?
- Korea ranks 54th out of 123 countries with data for 2021.
- Is income share held by lowest 20% rising or falling in Korea?
- Over the last ten years it is up 1.4%. The long-run trend across the full record is flat.
- Where does this 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 20%. Statizoid updates them automatically from the source API.
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About this data
Percentage share of income or consumption is the share that accrues to subgroups of population indicated by deciles or quintiles. Percentage shares by quintile may not sum to 100 because of rounding.