Republic of Korea - Poverty gap at $5.5 a day based on purchasing-power-parity

0.3 (%) in 2016

In 2016, poverty gap at $5.5 a day for Republic of Korea was 0.3 %. Poverty gap at $5.5 a day of Republic of Korea fell gradually from 0.5 % in 2008 to 0.3 % in 2016.

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What is poverty gap at $5.5 a day?

Poverty gap at $5.50 a day (2011 PPP) is the mean shortfall in income or consumption from the poverty line $5.50 a day (counting the nonpoor as having zero shortfall), expressed as a percentage of the poverty line. This measure reflects the depth of poverty as well as its incidence.

What is Republic of Korea poverty gap at $5.5 a day?