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- Around 700 million people live on less than $2.15 per day, the extreme poverty line. Extreme poverty remains concentrated in parts of Sub-Saharan Africa, fragile and conflict-affected areas, and rural areas. After decades of progress, the pace of global poverty reduction began to slow by 2015, in tandem with subdued economic growth.
www.worldbank.org › en › topicPoverty Overview: Development news, research, data | World Bank
Aug 27, 2023 · Unless this changes, hundreds of millions of people will continue to live in extreme poverty. Crucially this was true before the pandemic hit – even before COVID, researchers expected that half a billion people would remain in extreme poverty by 2030.
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- Where Is This Data Sourced from?
- About The Comparability of Household Surveys
- Income vs Expenditure Surveys
- Other Comparability Issues
- Global and Regional Poverty Estimates
- Absolute vs Relative Poverty Lines
This data explorer is collated and adapted from the World Bank’s Poverty and Inequality Platform(PIP). The World Bank’s PIP data is a large collection of household surveys where steps have been taken by the World Bank to harmonize definitions and methods across countries and over time.
There is no global survey of incomes. To understand how incomes across the world compare, researchers need to rely on available national surveys. Such surveys are partly designed with cross-country comparability in mind, but because the surveys reflect the circumstances and priorities of individual countries at the time of the survey, there are som...
One important issue is that the survey data included within the PIPdatabase tends to measure people’s income in high-income countries, and people’s consumption expenditure in poorer countries. The two concepts are closely related: the income of a household equals their consumption plus any saving, or minus any borrowing or spending out of savings. ...
There are a number of other ways in which comparability across surveys can be limited. The PIP Methodology Handbookprovides a good summary of the comparability and data quality issues affecting this data and how it tries to address them. In collating this survey data the World Bank takes a range of steps to harmonize it where possible, but comparab...
Along with data for individual countries, the World Bank also provides global and regional poverty estimates which aggregate over the available country data. Surveys are not conducted annually in every country however – coverage is generally poorer the further back in time you look, and remains particularly patchy within Sub-Saharan Africa. You can...
This dataset provides poverty estimates for a range of absolute and relative poverty lines. An absolute poverty line represents a fixed standard of living; a threshold that is held constant across time. Within the World Bank’s poverty data, absolute poverty lines also aim to represent a standard of living that is fixed across countries (by converti...
Mar 26, 2024 · We estimate that COVID-19 increased extreme poverty in the world, as measured by the international poverty line of $2.15, from 8.9 percent in 2019 to 9.7 percent in 2020 (see Figure 1). This is the first increase in global poverty in decades.
Apr 2, 2024 · In 2022, a total of 712 million people globally were living in extreme poverty, an increase of 23 million people compared to 2019. We cannot reduce poverty and inequality without also addressing intertwined global challenges, including slow economic growth, fragility and conflict, and climate change.
Oct 26, 2022 · Estimates of the share of people living in extreme poverty globally for 2019 – the latest available year – are slightly lower using the updated methodology: 8.4% as compared to 8.7%. That translates to 20 million fewer people living in extreme poverty.
Oct 9, 2020 · Accounting for COVID-19 suggests a global extreme poverty rate between 6.7% and 7.0% in 2030, which translates to between 573 and 597 million poor. The pre-COVID-19 scenario predicts the latter poverty levels in 2024 and 2023 respectively.
Mar 29, 2023 · Global poverty estimates were updated today on the Poverty and Inequality Platform (PIP). This update includes new regional poverty aggregates in 2020 and 2021 for Latin America and the Caribbean, and in 2020 for Europe and Central Asia, and the group of advanced countries.
