Poverty gap at $8.30 a day (2021 PPP) (%) in South Korea
South Korea: Poverty gap at $8.30 a day (2021 PPP) (%) was 0.2% in 2021. ◆ Volatile
Poverty gap at $8.30 a day (2021 PPP) in South 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. Measured in %.
Analysis
In 2021, poverty gap at $8.30 a day (2021 ppp) in South Korea stood at 0.2%. That is the lowest value across all 11 years on record.
The figure is down 81.8% over ten years.
Over the whole period, poverty gap at $8.30 a day (2021 ppp) in South Korea peaked at 1.1% in 2010 and was at its lowest, 0.2%, in 2019.
That places South Korea 112th out of 123 countries with data for 2021, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Poverty gap at $8.30 a day (2021 PPP) (%) in South Korea, year by year
| Year | % | Change |
|---|---|---|
| 2006 | 0.9% | — |
| 2008 | 0.9% | +0.0% |
| 2010 | 1.1% | +22.2% |
| 2012 | 0.8% | -27.3% |
| 2014 | 0.7% | -12.5% |
| 2016 | 0.4% | -42.9% |
| 2017 | 0.4% | +0.0% |
| 2018 | 0.3% | -25.0% |
| 2019 | 0.2% | -33.3% |
| 2020 | 0.2% | +0.0% |
| 2021 | 0.2% | +0.0% |
South Korea compared with similar countries
- South Korea's 0.2% is below the median for high income countries, which is 0.6%, 31% of the median. (42 countries reporting)
- South Korea's 0.2% is below the median for East Asia & Pacific, which is 4.9%, 4% of the median. (11 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 0.9% | 0.9% | 0.9% | 2 |
| 2010s | 0.6% | 0.2% | 1.1% | 7 |
| 2020s | 0.2% | 0.2% | 0.2% | 2 |
Countries ranked near South Korea
More poverty & inequality data for South Korea
- Number of income/consumption surveys in the past decade available via the World Bank 6 surveys (2025)
- Number of income/consumption surveys in the past decade available via 0 surveys per person (2025)
- Number of income/consumption surveys in the past decade available via 0 surveys per US$ of GDP (2025)
- Fertility rate vs. share living in extreme poverty 0.72 live births per woman (2023)
- Cereal yield vs. share in extreme poverty 6,615 kg per hectare (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 revenue as share of GDP vs. income inequality 26.9% (2023)
- Tax revenues vs income inequality, per unit of GDP 0 units per US$ of GDP (2023)
Frequently asked questions
- What is poverty gap at $8.30 a day (2021 ppp) in South Korea?
- Poverty gap at $8.30 a day (2021 ppp) in South Korea was 0.2% 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 poverty gap at $8.30 a day (2021 ppp) recorded in South Korea?
- The highest recorded value was 1.1% in 2010.
- What is the lowest poverty gap at $8.30 a day (2021 ppp) recorded in South Korea?
- The lowest recorded value was 0.2% in 2019.
- How does South Korea rank for poverty gap at $8.30 a day (2021 ppp)?
- South Korea ranks 112th out of 123 countries with data for 2021.
- Is poverty gap at $8.30 a day (2021 ppp) rising or falling in South Korea?
- Over the last ten years it is down 81.8%. The long-run trend across the full record is volatile.
- Where does this South 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 Poverty gap at $8.30 a day (2021 PPP) (%). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 11 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Poverty gap at $8.30 a day (2021 PPP) is the mean shortfall in income or consumption from the poverty line $8.30 a day (counting the nonpoor as having zero shortfall), expressed as a percentage of the poverty line. This measure reflects the depth of poverty as well as its incidence.