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A new report from the World Bank just landed, finding that a record low of 10% of humanity now live in extreme poverty, down from 11% in 2013. But poverty rates aren’t anywhere close to equal between continents or even countries, as our new series of maps clearly demonstrates.
The deceleration indicates that the world is not on track to achieve the target of less than 3 per cent of the world living in extreme poverty by 2030. People who continue to live in extreme poverty face deep, entrenched deprivation often exacerbated by violent conflicts and vulnerability to disasters.
More than 430 million of these people live in Sub-Saharan Africa, the poorest region in the world, where more than 40% of people lived in extreme poverty as of 2018. Many countries in which poverty is rising have been plagued by political instability or conflict.
Jun 8, 2016 · Last fall the World Bank projected that for the first time in history less than 10 percent of the world’s population was living in extreme poverty—down from 37 percent in 1990 and 44 percent in 1981. The World Bank defines “extreme poverty” as living on less than $1.90 per person per day. Ana Revenga, senior director of the Poverty and ...
Mar 5, 2021 · Abstract: The extremely low poverty line that the UN relies on has the advantage that it draws the attention to the very poorest people in the world. It has the disadvantage that it ignores what is happening to the incomes of the 90% of the world population who live above the extreme poverty threshold.
Around 700 million people live today in extreme poverty – they subsist on less than $2.15 per day, the extreme poverty line. After several decades of continuous global poverty reduction, a period of significant crises and shocks resulted in three years of lost progress between 2020-2022.
Jan 4, 2021 · The eradication of extreme poverty is one of the Sustainable Development Goals. The World Bank estimates that up to a quarter of the world lives below the societal poverty line today. It combines the $1.90-a-day absolute poverty line with a relative component that increases as median consumption or income in an economy rises.
