Poverty headcount ratio at $3.00 a day (2021 PPP) (% of population) in South Korea
South Korea: Poverty headcount ratio at $3.00 a day (2021 PPP) (% of population) was 0.1% in 2021. ◆ Volatile
Poverty headcount ratio at $3.00 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 % of population.
Analysis
South Korea recorded 0.1% for poverty headcount ratio at $3.00 a day (2021 ppp) in 2021. That is the lowest value across all 11 years on record.
Compared with earlier readings it is down 80.0% over ten years.
Over the whole period, poverty headcount ratio at $3.00 a day (2021 ppp) in South Korea peaked at 0.5% in 2006 and was at its lowest, 0.1%, in 2020.
South Korea ranks 102nd of 123 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Poverty headcount ratio at $3.00 a day (2021 PPP) (% of population) in South Korea, year by year
| Year | % of population | Change |
|---|---|---|
| 2006 | 0.5% | — |
| 2008 | 0.5% | +0.0% |
| 2010 | 0.5% | +0.0% |
| 2012 | 0.5% | +0.0% |
| 2014 | 0.3% | -40.0% |
| 2016 | 0.2% | -33.3% |
| 2017 | 0.2% | +0.0% |
| 2018 | 0.2% | +0.0% |
| 2019 | 0.2% | +0.0% |
| 2020 | 0.1% | -50.0% |
| 2021 | 0.1% | +0.0% |
South Korea compared with similar countries
- South Korea's 0.1% is below the median for high income countries, which is 0.4%, 25% of the median. (42 countries reporting)
- South Korea's 0.1% is below the median for East Asia & Pacific, which is 0.9%, 11% of the median. (11 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 0.5% | 0.5% | 0.5% | 2 |
| 2010s | 0.3% | 0.2% | 0.5% | 7 |
| 2020s | 0.1% | 0.1% | 0.1% | 2 |
Countries ranked near South Korea
More poverty & inequality data for South Korea
- Number of income/consumption surveys in the past decade available via the World Bank 6 surveys (2025)
- Number of income/consumption surveys in the past decade available via 0 surveys per person (2025)
- Number of income/consumption surveys in the past decade available via 0 surveys per US$ 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 headcount ratio at $3.00 a day (2021 ppp) in South Korea?
- Poverty headcount ratio at $3.00 a day (2021 ppp) in South Korea was 0.1% 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 headcount ratio at $3.00 a day (2021 ppp) recorded in South Korea?
- The highest recorded value was 0.5% in 2006.
- What is the lowest poverty headcount ratio at $3.00 a day (2021 ppp) recorded in South Korea?
- The lowest recorded value was 0.1% in 2020.
- How does South Korea rank for poverty headcount ratio at $3.00 a day (2021 ppp)?
- South Korea ranks 102nd out of 123 countries with data for 2021.
- Is poverty headcount ratio at $3.00 a day (2021 ppp) rising or falling in South Korea?
- Over the last ten years it is down 80.0%. 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 headcount ratio at $3.00 a day (2021 PPP) (% of population). Statizoid updates them automatically from the source API.
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About this data
Poverty headcount ratio at $3.00 a day is the percentage of the population living on less than $3.00 a day at 2021 purchasing power adjusted prices. As a result of revisions in PPP exchange rates, poverty rates for individual countries cannot be compared with poverty rates reported in earlier editions.