Income share held by lowest 20% in South Korea
South Korea: Income share held by lowest 20% was 7.4% in 2021. ▬ Flat
Income share held by lowest 20% 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.
Analysis
The most recent figure for income share held by lowest 20% in South 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 South Korea peaked at 7.5% in 2014 and was at its lowest, 6.5%, in 2016.
That places South Korea 54th out of 121 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 South Korea
More poverty & inequality data for South Korea
- Poverty headcount ratio at $8.30 a day (2021 PPP) 0.5% (2021)
- Poverty headcount ratio at $4.20 a day (2021 PPP) 0.2% (2021)
- Poverty headcount ratio at $3.00 a day (2021 PPP) 0.1% (2021)
- Poverty gap at $3.00 a day (2021 PPP) 0.1% (2021)
- Prosperity gap 0.7 average shortfall from a prosperity standard of $28/day (2021)
- Poverty gap at $8.30 a day (2021 PPP) 0.2% (2021)
- Poverty headcount ratio at societal poverty line 14.2% (2021)
- Poverty gap at $4.20 a day (2021 PPP) 0.1% (2021)
- Population living in slums 4.5% (2022)
- Income share held by second 20% 12.4% (2021)
Frequently asked questions
- What is income share held by lowest 20% in South Korea?
- Income share held by lowest 20% in South 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 South Korea?
- The highest recorded value was 7.5% in 2014.
- What is the lowest income share held by lowest 20% recorded in South Korea?
- The lowest recorded value was 6.5% in 2016.
- How does South Korea rank for income share held by lowest 20%?
- South Korea ranks 54th out of 121 countries with data for 2021.
- Is income share held by lowest 20% rising or falling in South Korea?
- Over the last ten years it is up 1.4%. The long-run trend across the full record is flat.
- 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 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.