Mean income or consumption per day (2011 prices) in Republic of Korea
Republic of Korea: Mean income or consumption per day (2011 prices) was 58.95 international-$ in 2011 prices in 2021. ▲ Rising
Mean income or consumption per day (2011 prices) in Republic of Korea, 2006–2021
Source: World Bank Poverty and Inequality Platform (2024) – with major processing by Our World in Data. Measured in international-$ in 2011 prices.
Analysis
Republic of Korea recorded 58.95 international-$ in 2011 prices for mean income or consumption per day (2011 prices) in 2021. 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 Republic of Korea peaked at 58.95 international-$ in 2011 prices in 2021 and was at its lowest, 35.46 international-$ in 2011 prices, in 2006.
Republic of 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.
Mean income or consumption per day (2011 prices) in Republic of Korea, year by year
| Year | international-$ in 2011 prices | Change |
|---|---|---|
| 2006 | 35.46 international-$ in 2011 prices | — |
| 2008 | 36.65 international-$ in 2011 prices | +3.3% |
| 2010 | 37.16 international-$ in 2011 prices | +1.4% |
| 2012 | 39.22 international-$ in 2011 prices | +5.6% |
| 2014 | 41.14 international-$ in 2011 prices | +4.9% |
| 2016 | 49.13 international-$ in 2011 prices | +19.4% |
| 2017 | 50.78 international-$ in 2011 prices | +3.4% |
| 2018 | 52.15 international-$ in 2011 prices | +2.7% |
| 2019 | 54.11 international-$ in 2011 prices | +3.8% |
| 2020 | 56.15 international-$ in 2011 prices | +3.8% |
| 2021 | 58.95 international-$ in 2011 prices | +5.0% |
Averages by decade
| Decade | Average | Lowest | Highest | 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 Republic of Korea
- 6 Canada 60.61 international-$ in 2011 prices compare
- 7 Iceland 59.36 international-$ in 2011 prices compare
- 8 Denmark 59.22 international-$ in 2011 prices compare
- 10 Austria 58.55 international-$ in 2011 prices compare
- 11 Ireland 58.51 international-$ in 2011 prices compare
- 12 Netherlands 58.42 international-$ in 2011 prices compare
More economy & growth data for Republic of Korea
- Exports of goods and services (current LCU), annual growth rate 7.46 % change on previous year (2025)
- Exports of goods and services (current LCU), per unit of GDP 650.96 current LCU per US$ of GDP (2025)
- Exports of goods and services (current LCU), per capita 23.58 million current LCU per person (2025)
- Exports of goods and services (constant 2015 US$), annual growth rate 4.22 % change on previous year (2025)
- Exports of goods and services (constant 2015 US$), per unit of GDP 0.4777 constant 2015 US$ per US$ of GDP (2025)
- Exports of goods and services (constant 2015 US$), per capita 17,305 constant 2015 US$ per person (2025)
- Gross fixed capital formation (current US$), annual growth rate -5.81 % change on previous year (2025)
- Gross fixed capital formation (current US$), per unit of GDP 0.2833 current US$ per US$ of GDP (2025)
- Gross fixed capital formation (current US$), per capita 10,263 current US$ per person (2025)
- Gross fixed capital formation (current LCU), per unit of GDP 402.98 current LCU per US$ of GDP (2025)
Frequently asked questions
- What is mean income or consumption per day (2011 prices) in Republic of Korea?
- Mean income or consumption per day (2011 prices) in Republic of 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 Republic of 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 Republic of Korea?
- The lowest recorded value was 35.46 international-$ in 2011 prices in 2006.
- How does Republic of Korea rank for mean income or consumption per day (2011 prices)?
- Republic of Korea ranks 9th out of 119 countries with data for 2021.
- Is mean income or consumption per day (2011 prices) rising or falling in Republic of Korea?
- Over the last ten years it is up 58.7%. The long-run trend across the full record is rising.
- Where does this Republic of 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
The mean is the average income or consumption of the population.