South Korea Proportion of People Living Below 50 Percent Of Median Income: %

South Korea Proportion of People Living Below 50 Percent Of Median Income: % data was reported at 12.200 % in 2016. This records a decrease from the previous number of 12.500 % for 2014. South Korea Proportion of People Living Below 50 Percent Of Median Income: % data is updated yearly, averaging 12.750 % from Dec 2006 (Median) to 2016, with 6 observations. The data reached an all-time high of 13.000 % in 2012 and a record low of 12.200 % in 2016. South Korea Proportion of People Living Below 50 Percent Of Median Income: % data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s South Korea – Table KR.World Bank.WDI: Social: Poverty and Inequality. The percentage of people in the population who live in households whose per capita income or consumption is below half of the median income or consumption per capita. The median is measured at 2017 Purchasing Power Parity (PPP) using the Poverty and Inequality Platform (http://www.pip.worldbank.org). For some countries, medians are not reported due to grouped and/or confidential data. The reference year is the year in which the underlying household survey data was collected. In cases for which the data collection period bridged two calendar years, the first year in which data were collected is reported.;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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What was South Korea's South Korea Proportion of People Living Below 50 Percent Of Median Income: % in 2016?

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