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South Korea Poverty Rate

South Korea's poverty rate rose to 0.2% in 2021, up from 0% in 2020, according to World Bank. This represents an increase of 0.2% from the previous year. South Korea has poverty rate lower than the global median (0.20% vs median 1.90%). Compared with the median in Asia, South Korea is lower (0.20% vs regional median 2.00%) and ranks 22nd out of 30 countries in Asia.

South Korea's annual unemployment rate fell to 2.6% in 2024, down from 2.67% in 2023.

Yearly Historical Data (2006-2021)

(in %)
Year Poverty Rate (%)
2021 0.2%
2020 0%
2019 0.2%
2018 0.2%
2017 0.2%
2016 0.2%
2014 0.2%
2012 0.5%
2010 0.5%
2008 0.5%
2006 0.5%
South Korea Poverty Rate : Definition
Poverty Rate measures the percentage of people in South Korea living on less than $3.00 per day, adjusted for purchasing power parity (PPP, 2021 prices).
Indicator Last Value Prior Value Period
Adult Literacy Rate 98.8% 98% 2018
Gini Index 32.9 points 32.7 points 2021
Happiness Index 6.04 points 6.06 points 2024
Homicide Rate 0.52 0.59 2021
Population 51.75M 51.71M 2024
Primary Enrollment Rate 99.03% 98.68% 2022