Iceland Poverty Headcount Ratio at Societal Poverty Lines: % of Population

Iceland Poverty Headcount Ratio at Societal Poverty Lines: % of Population data was reported at 7.100 % in 2017. This records a decrease from the previous number of 7.800 % for 2016. Iceland Poverty Headcount Ratio at Societal Poverty Lines: % of Population data is updated yearly, averaging 7.600 % from Dec 2003 (Median) to 2017, with 15 observations. The data reached an all-time high of 8.500 % in 2011 and a record low of 6.600 % in 2013. Iceland Poverty Headcount Ratio at Societal Poverty Lines: % of Population data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Iceland – Table IS.World Bank.WDI: Social: Poverty and Inequality. The poverty headcount ratio at societal poverty line is the percentage of a population living in poverty according to the World Bank's Societal Poverty Line. The Societal Poverty Line is expressed in purchasing power adjusted 2017 U.S. dollars and defined as max($2.15, $1.15 + 0.5*Median). This means that when the national median is sufficiently low, the Societal Poverty line is equivalent to the extreme poverty line, $2.15. For countries with a sufficiently high national median, the Societal Poverty Line grows as countries’ median income grows.;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 economies are mostly from the Luxembourg Income Study database. For more information and methodology, please see http://pip.worldbank.org.;;The World Bank’s internationally comparable poverty monitoring database now draws on income or detailed consumption data from more than 2000 household surveys across 169 countries. See the Poverty and Inequality Platform (PIP) for details (www.pip.worldbank.org).

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