TAIPEI (Taiwan News) — Taiwan proportionally contains less people living in poverty than any other country in Asia, according to statistics obtained by an independent fact tank in the United States.
Figures from the Pew Research Center show that close to 0 percent of Taiwanese citizens live on less than US$2 dollars per day. Furthermore, only 0.7 percent of the population lives on between US$2-10 per day.
In contrast, 3.97 percent of Japanese citizens and 4.24 percent of Korean citizens live on US$10 or less per day.
The World Bank defines US$1.90 per day as the global poverty line, under which citizens would not be able to afford essential resources including food and shelter. The Pew Research Center adjusted this figure to US$2, and added three further brackets to interpret global income data.
According to these measures, Taiwan contains the largest proportion of people with a “high income” in Asia. 33.8 percent of citizens live on over US$50 per day.
22.78 percent of Japanese citizens and 22.76 Korean citizens fall into the same category.
56.8 percent of Taiwan’s population lives on between US$20-50 per day, and 8.7 percent lives on between US$10-20 per day.
Uzbekistan has the largest proportion of people living below the poverty line in Asia, and along with Turkmenistan and Cambodia, contains approximately 0 percent living on more than US$50 per day.
The figures were presented in a recent research publication on China’s burgeoning middle class by U.S. think tank the Center for Strategic and International Studies (CSIS).
According to the statistics, while only 0.78 percent of China’s population enjoys a “high income,” only 0.93 percent now live below the poverty line.
Economic development over the past several decades has pulled hundreds of millions of Chinese out of poverty, CSIS reported. Much of the growth in its middle class, which had swelled to 531 million people in 2013, occurred within the “lower-middle” income bracket.
Changing social demographics are bringing new challenges to China, the report stated. A shift in middle-class dietary habits and a gradually aging population are increasing the cost of healthcare, and skyrocketing consumption levels are putting a great deal of stress on the environment.
Source Taiwan News
