Median income or consumption per day (2011 prices) in Republic of Korea
Republic of Korea: Median income or consumption per day (2011 prices) was 49.8 international-$ in 2011 prices in 2021. ▲ Rising
Median 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 49.8 international-$ in 2011 prices for median income or consumption per day (2011 prices) in 2021. That is the highest value across all 11 years on record.
That represents a change of up 5.2% on the previous year and up 55.5% over ten years.
Over the whole period, median income or consumption per day (2011 prices) in Republic of Korea peaked at 49.8 international-$ in 2011 prices in 2021 and was at its lowest, 30.85 international-$ in 2011 prices, in 2006.
That places Republic of Korea 12th out of 119 countries with data for 2021, putting it in the top 10%.
The long-run direction has been consistently rising across the 11 years of available data.
Median income or consumption per day (2011 prices) in Republic of Korea, year by year
| Year | international-$ in 2011 prices | Change |
|---|---|---|
| 2006 | 30.85 international-$ in 2011 prices | — |
| 2008 | 31.48 international-$ in 2011 prices | +2.0% |
| 2010 | 32.02 international-$ in 2011 prices | +1.7% |
| 2012 | 34.27 international-$ in 2011 prices | +7.0% |
| 2014 | 35.65 international-$ in 2011 prices | +4.0% |
| 2016 | 41.1 international-$ in 2011 prices | +15.3% |
| 2017 | 42.7 international-$ in 2011 prices | +3.9% |
| 2018 | 43.91 international-$ in 2011 prices | +2.8% |
| 2019 | 45.8 international-$ in 2011 prices | +4.3% |
| 2020 | 47.35 international-$ in 2011 prices | +3.4% |
| 2021 | 49.8 international-$ in 2011 prices | +5.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 31.16 international-$ in 2011 prices | 30.85 international-$ in 2011 prices | 31.48 international-$ in 2011 prices | 2 |
| 2010s | 39.35 international-$ in 2011 prices | 32.02 international-$ in 2011 prices | 45.8 international-$ in 2011 prices | 7 |
| 2020s | 48.58 international-$ in 2011 prices | 47.35 international-$ in 2011 prices | 49.8 international-$ in 2011 prices | 2 |
Countries ranked near Republic of Korea
- 9 Austria 51.51 international-$ in 2011 prices compare
- 10 Denmark 51.11 international-$ in 2011 prices compare
- 11 Sweden 50.94 international-$ in 2011 prices compare
- 13 Ireland 49.59 international-$ in 2011 prices compare
- 14 Belgium 48.03 international-$ in 2011 prices compare
- 15 Australia 47.48 international-$ in 2011 prices compare
More economy & growth data for Republic of Korea
- Gross value added at basic prices (GVA) (current US$), annual growth 0.0121 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 0.9302 current US$ per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current US$), per capita 33,699 current US$ per person (2025)
- Gross value added at basic prices (GVA) (current LCU), annual growth 4.34 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 1,323 current LCU per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current LCU), per capita 47.93 million current LCU per person (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), annual 1.17 % change on previous year (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), per unit 0.9641 constant 2015 US$ per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), per 34,925 constant 2015 US$ per person (2025)
- Gross value added at basic prices (GVA) (constant LCU), annual growth 1.17 % change on previous year (2025)
Frequently asked questions
- What is median income or consumption per day (2011 prices) in Republic of Korea?
- Median income or consumption per day (2011 prices) in Republic of Korea was 49.8 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 median income or consumption per day (2011 prices) recorded in Republic of Korea?
- The highest recorded value was 49.8 international-$ in 2011 prices in 2021.
- What is the lowest median income or consumption per day (2011 prices) recorded in Republic of Korea?
- The lowest recorded value was 30.85 international-$ in 2011 prices in 2006.
- How does Republic of Korea rank for median income or consumption per day (2011 prices)?
- Republic of Korea ranks 12th out of 119 countries with data for 2021.
- Is median income or consumption per day (2011 prices) rising or falling in Republic of Korea?
- Over the last ten years it is up 55.5%. 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 Median income or consumption per day (2011 prices). Statizoid updates them automatically from the source API.
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About this data
The median is the value of income or consumption below which 50% of the population live.