Einar H. Dyvik
Research expert covering Nordics and global data for society, economy, and politics
Get in touch with us nowPoverty rates in OECD countries 2021
Out of all OECD countries, Cost Rica had the highest poverty rate as of 2021, at over 20 percent. The country with the second highest poverty rate was Hungary, with 17.6 percent. On the other end of the scale, Czechia had the lowest poverty rate at 5.6 percent, followed by Finland and Denmark.
The significance of the OECD
The OECD, or the Organisation for Economic Co-operation and Development, was founded in 1948 and is made up of 38 member countries. It seeks to improve the economic and social well-being of countries and their populations. The OECD looks at issues that impact people’s everyday lives and proposes policies that can help to improve the quality of life.
Poverty in the United States
In 2021, there were nearly 38 million people living below the poverty line in the U.S.. About 24 percent of the African American population lived in poverty in 2021, the most out of any ethnicity. In addition, the rate was higher among young women than young men. It is clear that poverty in the United States is a complex, multi-faceted issue that affects millions of people and is even more complex to solve.
The significance of the OECD
The OECD, or the Organisation for Economic Co-operation and Development, was founded in 1948 and is made up of 38 member countries. It seeks to improve the economic and social well-being of countries and their populations. The OECD looks at issues that impact people’s everyday lives and proposes policies that can help to improve the quality of life.
Poverty in the United States
In 2021, there were nearly 38 million people living below the poverty line in the U.S.. About 24 percent of the African American population lived in poverty in 2021, the most out of any ethnicity. In addition, the rate was higher among young women than young men. It is clear that poverty in the United States is a complex, multi-faceted issue that affects millions of people and is even more complex to solve.
