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648 million people
- 648 million people in the world, about eight percent of the global population, live in extreme poverty, which means they subsist on less than US$2.15 per day.
blogs.worldbank.org › en › developmenttalkHalf of the global population lives on less than US$6.85 per ...
The World Poverty Clock provides real-time estimates until 2030 for almost every country in the world. It monitors progress against Ending Extreme Poverty.
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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...
Oct 7, 2020 · It is estimated that 9.2% of the world population (689 million people) lived below the International Poverty Line (IPL) in 2017. More than 60% of the world’s poorest people live in Sub-Saharan Africa, which at 41% has the highest regional poverty rate.
Apr 2, 2024 · Global poverty reduction was dealt a severe blow by the COVID-19 pandemic and a series of major shocks during 2020-22, causing three years of lost progress. Low-income countries were most impacted and have yet to recover. In 2022, a total of 712 million people globally were living in extreme poverty, an increase of 23 million people compared to ...
Aug 27, 2023 · The $2.15 poverty line, set by the UN, shows that globally close to one in ten people live in extreme poverty. In all these statistics, the researchers are not only taking people’s monetary income into account, but also their non-monetary income and home production.
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.
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.
