Income share held by third 20% in South Korea
South Korea: Income share held by third 20% was 16.9% in 2021. ▬ Flat
Income share held by third 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
South Korea recorded 16.9% for income share held by third 20% in 2021.
That represents a change of down 2.3% over ten years.
Over the whole period, income share held by third 20% in South Korea peaked at 17.5% in 2012 and was at its lowest, 16.7%, in 2016.
South Korea ranks 41st of 121 countries on this measure, in the middle of the range.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 17.3% | 17.2% | 17.4% | 2 |
| 2010s | 17.1% | 16.7% | 17.5% | 7 |
| 2020s | 16.9% | 16.9% | 16.9% | 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 third 20% in South Korea?
- Income share held by third 20% in South Korea was 16.9% 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 third 20% recorded in South Korea?
- The highest recorded value was 17.5% in 2012.
- What is the lowest income share held by third 20% recorded in South Korea?
- The lowest recorded value was 16.7% in 2016.
- How does South Korea rank for income share held by third 20%?
- South Korea ranks 41st out of 121 countries with data for 2021.
- Is income share held by third 20% rising or falling in South Korea?
- Over the last ten years it is down 2.3%. 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 third 20%. 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
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.