South Korea Poverty Stats
Definitions
- Gap at $1 a day > PPP: Poverty gap is the mean shortfall from the poverty line (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. Data showing as 0.5 signifies a poverty gap of less than 0.5 percent.
- Gap at $2 a day > PPP: Poverty gap is the mean shortfall from the poverty line (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. Data showing as 0.5 signifies a poverty gap of less than 0.5 percent.
- Headcount ratio at $1 a day > PPP > % of population: Population below $1 a day is the percentage of the population living on less than $1.08 a day at 1993 international prices. As a result of revisions in PPP exchange rates, poverty rates cannot be compared with poverty rates reported previously for individual countries. Data showing as 2.0 signifies a poverty rate of less than 2.0 percent.
- Headcount ratio at $2 a day > PPP > % of population: Population below $2 a day is the percentage of the population living on less than $2.15 a day at 1993 international prices. As a result of revisions in PPP exchange rates, poverty rates cannot be compared with poverty rates reported previously for individual countries. Data showing as 2.0 signifies a poverty rate of less than 2.0 percent.
- Population under $1 a day: Population below line - proportion receiving less than $1 per day in income (purchasing power parity). Data from most recent available between the period 1983 to 2000.
- Population under $1 a day > Per $ GDP: Population below line - proportion receiving less than $1 per day in income (purchasing power parity). Data from most recent available between the period 1983 to 2000. Per $ GDP figures expressed per $10 million of Gross Domestic Product.
- Population under $2 a day: Population below line - proportion receiving less than $2 per day in income (purchasing power parity). Data from most recent available between the period 1983 to 2000.
- Population under $2 a day > Per $ GDP: Population below line - proportion receiving less than $2 per day in income (purchasing power parity). Data from most recent available between the period 1983 to 2000. Per $ GDP figures expressed per $10 million of Gross Domestic Product.
- Poverty by individual and household characteristics > Poverty rate > Children: Group-specific poverty rates are headcounts of how many people of a population group fall below the poverty line, in percentage of the total number in that population group. The poverty line used here is 50% of the median household disposable income, adjusted for household size. Children are persons with less than 18 years of age, working-age people are persons between age 18 and 65 and adults are persons aged 18 and over. A worker is an adult with a non-zero annual earning or self-employment income. In addition to poverty rates, indicators show here include the poverty risk (i.e. the age-specific poverty rate divided by the poverty rate for the entire population, times 100) and the share of various population groups that are counted as poor.Income is defined as household disposable income in a particular year. It consists of earnings, self-employment and capital income and public cash transfers; income taxes and social security contributions paid by households are deducted. The income of the household is attributed to each of its members, with an adjustment to reflect differences in needs for households of different sizes (i.e. the needs of a household composed of four people are assumed to be twice as large as those of a person living alone).
- Share of all poor people: The percentage of the world's total poor who live in each nation. 'Poor' here is defined as lving below the global poverty line of US$1 per day.
SOURCES: World Development Indicators database; World Bank 2002b via backone.pdf; OECD Country statistical profiles 2009; Country Responsibilities in Achieving the Millenium Development Goals", April 8 2003, by Janice Poling
