South Korea’s ratio of household income to gross domestic product (GDP) sharply fell over the past 20 years.
 
According to the Organization for Economic Cooperation and Development’s recent report on structural reforms issued on Sunday, South Korea’s household income-to GDP ratio dropped five-point-three percentage points from 69-point-six percent in 1995 to 64-point-three percent in 2014.
 
During the period, South Korea’s per capita GDP increased an annual average of three-point-eight percent, while its per capita household income grew two-point-one percent.
 
South Korea's decrease was the second steepest among 30 OECD member nations whose data was available. Austria marked the largest decrease of five-point-eight percentage points at 73-point-six percent.
 
Belgium came in third, followed by Norway, Italy, Hungary and Canada.
 
However, Slovakia, Finland, Japan, the United States and Sweden witnessed their ratios increase over the period.
 
Accordingly, South Korea stands near the bottom in the ratio among OECD nations, with just Norway, Ireland and the Czech Republic trailing behind South Korea.