[JSavageOne]

You're referring to Case Fatality Rates.

Case Fatality Rate = confirmed deaths / confirmed cases

Infection Fatality Rate = total deaths / total infections

Total infections can only be estimated, and is much higher than confirmed cases because most people who get COVID-19 don't get tested for it (either because they're asymptomatic, unable to get tested, or don't see see a point since they already know they're sick). Thus the infection fatality rate is substantially less than the case fatality rate.

This paper estimates the median infection fatality rate to be 0.23% https://pubmed.ncbi.nlm.nih.gov/33716331/

Also worth noting that deaths could be overestimated since anyone who dies having tested COVID positive is counted as a COVID death, and pretty much all patients who enter a hospital these days are tested for COVID.