Mean income or consumption per day (2011 prices) in South Korea

South Korea: Mean income or consumption per day (2011 prices) was 58.95 international-$ in 2011 prices in 2021. ▲ Rising

Latest (2021)
58.95 international-$ in 2011 prices
Change on year
up 5.0%
World rank
9th
of 119 countries
All-time high
58.95 international-$ in 2011 prices
in 2021
All-time low
35.46 international-$ in 2011 prices
in 2006
Years of data
11
2006–2021

Mean income or consumption per day (2011 prices) in South Korea, 2006–2021

02040602006201320212006: 35.5 international-$ in 2011 prices2008: 36.6 international-$ in 2011 prices2010: 37.2 international-$ in 2011 prices2012: 39.2 international-$ in 2011 prices2014: 41.1 international-$ in 2011 prices2016: 49.1 international-$ in 2011 prices2017: 50.8 international-$ in 2011 prices2018: 52.2 international-$ in 2011 prices2019: 54.1 international-$ in 2011 prices2020: 56.1 international-$ in 2011 prices2021: 59 international-$ in 2011 prices

Source: World Bank Poverty and Inequality Platform (2024) – with major processing by Our World in Data. Measured in international-$ in 2011 prices.

Analysis

In 2021, mean income or consumption per day (2011 prices) in South Korea stood at 58.95 international-$ in 2011 prices. That is the highest value across all 11 years on record.

The figure is up 5.0% on the previous year and up 58.7% over ten years.

Over the whole period, mean income or consumption per day (2011 prices) in South Korea peaked at 58.95 international-$ in 2011 prices in 2021 and was at its lowest, 35.46 international-$ in 2011 prices, in 2006.

South Korea ranks 9th of 119 countries on this measure, in the top 10%.

The long-run direction has been consistently rising across the 11 years of available data.

Averages by decade

DecadeAverage LowestHighest Years
2000s 36.06 international-$ in 2011 prices 35.46 international-$ in 2011 prices 36.65 international-$ in 2011 prices 2
2010s 46.24 international-$ in 2011 prices 37.16 international-$ in 2011 prices 54.11 international-$ in 2011 prices 7
2020s 57.55 international-$ in 2011 prices 56.15 international-$ in 2011 prices 58.95 international-$ in 2011 prices 2

Countries ranked near South Korea

  1. 6 Canada 60.61 international-$ in 2011 prices compare
  2. 7 Iceland 59.36 international-$ in 2011 prices compare
  3. 8 Denmark 59.22 international-$ in 2011 prices compare
  4. 10 Austria 58.55 international-$ in 2011 prices compare
  5. 12 Netherlands 58.42 international-$ in 2011 prices compare

See the full ranking of 119 places →

More reference data data for South Korea

All data for South Korea →

Frequently asked questions

What is mean income or consumption per day (2011 prices) in South Korea?
Mean income or consumption per day (2011 prices) in South Korea was 58.95 international-$ in 2011 prices in 2021, according to World Bank Poverty and Inequality Platform (2024) – with major processing by Our World in Data.
What is the highest mean income or consumption per day (2011 prices) recorded in South Korea?
The highest recorded value was 58.95 international-$ in 2011 prices in 2021.
What is the lowest mean income or consumption per day (2011 prices) recorded in South Korea?
The lowest recorded value was 35.46 international-$ in 2011 prices in 2006.
How does South Korea rank for mean income or consumption per day (2011 prices)?
South Korea ranks 9th out of 119 countries with data for 2021.
Is mean income or consumption per day (2011 prices) rising or falling in South Korea?
Over the last ten years it is up 58.7%. The long-run trend across the full record is rising.
Where does this South Korea data come from?
The figures come from World Bank Poverty and Inequality Platform (2024) – with major processing by Our World in Data, published as part of Mean income or consumption per day (2011 prices). Statizoid updates them automatically from the source API.

Download this data

CSV · JSON — 11 observations, free to reuse under CC BY 4.0 (Our World in Data).

About this data

Indicator
Mean income or consumption per day (2011 prices)
Unit
international-$ in 2011 prices
Source
World Bank Poverty and Inequality Platform (2024) – with major processing by Our World in Data
Licence
CC BY 4.0 (Our World in Data)
Coverage
119 places, 2,016 data points, 1963–2023
Last refreshed

The mean is the average income or consumption of the population.