10 Countries with the Lowest Poverty Rate in the World

Page 4 of 10

7. Iceland

Poverty Rate (2017): 0%

Global Average Poverty Rate (2017): 9.6%

GDP per capita Growth Rate (2023): 5.69%

Two factors have helped Iceland keep poverty at low levels even during times of crisis. These include wage bargaining and strong trade unions. This is why Iceland is one of the countries with the lowest poverty rates in the world.

Page 4 of 10