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The Most Impoverished Countries In The Developed World

April 15, 2011


Author: Mamta Badkar


Taken from: Business Insider - The Most Impoverished Countries In The Developed World


Since the mid-1980s, countries like UK, Japan and Israel have seen a steep increase in poverty rates, according to a new OECD report that looks at poverty across its member countries.

[Israel saw the steepest rise in poverty rate. It rose from 11.9% to 19.9% since the mid-1980s.]

We ranked high-income OECD economies based on their poverty rate and culled historical data to give a bigger picture of poverty in member nations.

These countries, considered to be developed, had poverty rates that exceeded the OECD average of 11.1%.

Chile for instance witnessed a drop in its poverty rate, but at 18.9% a vast portion of its population remains impoverished. Read on to see which countries have large impoverished populations.