Proportional poverty is nowhere lower than in Iceland among the countries of the Organization for Economic Co-operation and Development (OECD), and in fact it is by far the lowest in Iceland.
The agency announced it yesterday on the occasion of the International Anti-Poverty Day. OECD statistics analyze the median income in each member state and then look at the percentage of people who have less than half of that income. It is therefore a question of relative poverty, but in the richest countries of the world it is uncertain whether their inhabitants are actually struggling with an extreme lack of livelihoods.
In Iceland, only 4.9% is below this benchmark, while in the overall OECD organization 11.1% falls within this definition. The highest percentage is in Costa Rica (20.5%), the second lowest is in the Czech Republic (6.1%).
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Source: Yle