Poverty & Inequality in Australia 20 indicators covering poverty & inequality for Australia. IndicatorLatest Year10-yr change Rank Poverty headcount ratio at $8.30 a day (2021 PPP) 1.5% 2020 up 50.0% 99th Poverty headcount ratio at $4.20 a day (2021 PPP) 1.1% 2020 up 83.3% 76th Poverty headcount ratio at $3.00 a day (2021 PPP) 0.9% 2020 up 80.0% 68th Poverty gap at $3.00 a day (2021 PPP) 0.6% 2020 up 100.0% 52nd Prosperity gap 1.2 average shortfall from a prosperity standard of $28/day 2020 up 33.3% 93rd Poverty gap at $8.30 a day (2021 PPP) 1.0% 2020 up 66.7% 92nd Poverty headcount ratio at societal poverty line 12.6% 2020 up 5.9% 99th Poverty gap at $4.20 a day (2021 PPP) 0.7% 2020 up 75.0% 68th Population living in slums 0.0% 2022 down 46.2% 154th Income share held by second 20% 12.4% 2020 up 5.1% 49th Gini index 33.8 2020 down 2.6% 63rd Income share held by lowest 20% 7.2% 2020 down 1.4% 63rd Income share held by lowest 10% 2.6% 2020 down 3.7% 75th Income share held by highest 10% 25.9% 2020 down 2.3% 71st Income share held by highest 20% 41.3% 2020 down 1.7% 68th Income share held by fourth 20% 22.6% 2020 down 0.4% 29th Income share held by third 20% 16.5% 2020 up 2.5% 52nd Proportion of people living below 50 percent of median income 11.3% 2020 up 7.6% 62nd Share of population living in extreme poverty vs. GDP per capita 0.9% 2020 up 80.0% 68th Multidimensional poverty headcount ratio (World Bank) 3.7% 2020 up 19.4% 12th