Prosperity gap in Korea
Korea: Prosperity gap was 0.7 average shortfall from a prosperity standard of $28/day in 2021. βΌ Falling
Prosperity gap in 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. Measured in average shortfall from a prosperity standard of $28/day.
Analysis
The most recent figure for prosperity gap in Korea is 0.7 average shortfall from a prosperity standard of $28/day, measured in 2021. That is the lowest value across all 11 years on record.
The figure is down 41.7% over ten years.
Over the whole period, prosperity gap in Korea peaked at 1.2 average shortfall from a prosperity standard of $28/day in 2006 and was at its lowest, 0.7 average shortfall from a prosperity standard of $28/day, in 2019.
Korea ranks 109th of 122 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 11 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 1.2 average shortfall from a prosperity standard of $28/day | 1.2 average shortfall from a prosperity standard of $28/day | 1.2 average shortfall from a prosperity standard of $28/day | 2 |
| 2010s | 0.9286 average shortfall from a prosperity standard of $28/day | 0.7 average shortfall from a prosperity standard of $28/day | 1.2 average shortfall from a prosperity standard of $28/day | 7 |
| 2020s | 0.7 average shortfall from a prosperity standard of $28/day | 0.7 average shortfall from a prosperity standard of $28/day | 0.7 average shortfall from a prosperity standard of $28/day | 2 |
Countries ranked near Korea
- 106 Austria 0.8 average shortfall from a prosperity standard of $28/day compare
- 106 Czechia 0.8 average shortfall from a prosperity standard of $28/day compare
- 106 Denmark 0.8 average shortfall from a prosperity standard of $28/day compare
- 109 Canada 0.7 average shortfall from a prosperity standard of $28/day compare
- 109 Finland 0.7 average shortfall from a prosperity standard of $28/day compare
- 109 Ireland 0.7 average shortfall from a prosperity standard of $28/day compare
- 109 Malta 0.7 average shortfall from a prosperity standard of $28/day compare
More poverty & inequality data for Korea
- Data deprivation poverty surveys per decade 6 (2025)
- Fertility rate vs the share living in extreme poverty 0.72 (2023)
- Cereal yield vs extreme poverty 6,615 (2023)
- Cereal yield vs extreme poverty, per unit of GDP 0 units per US$ 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 prosperity gap in Korea?
- Prosperity gap in Korea was 0.7 average shortfall from a prosperity standard of $28/day 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 prosperity gap recorded in Korea?
- The highest recorded value was 1.2 average shortfall from a prosperity standard of $28/day in 2006.
- What is the lowest prosperity gap recorded in Korea?
- The lowest recorded value was 0.7 average shortfall from a prosperity standard of $28/day in 2019.
- How does Korea rank for prosperity gap?
- Korea ranks 109th out of 122 countries with data for 2021.
- Is prosperity gap rising or falling in Korea?
- Over the last ten years it is down 41.7%. The long-run trend across the full record is falling.
- 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 Prosperity gap (average shortfall from a prosperity standard of $28/day). Statizoid updates them automatically from the source API.
Download this data
CSV Β· JSON β 11 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
The average shortfall from a prosperity standard of $28 per day (adjusted for differences in purchasing power parity across countries). It is measured as the average factor by which incomes fall short of $28.