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Preliminary estimates produced by researchers at the World Bank suggest that the number of people in extreme poverty rose by around 70 million in 2020 – the first substantial rise in a generation – and remains around 70-90 million higher than would have been expected in the pandemic’s absence.
Mar 27, 2024 · Extreme poverty is defined as living below the International Poverty Line of $2.15 per day. This data is adjusted for inflation and for differences in the cost of living between countries.
Aug 27, 2023 · As the following chart shows, this can draw attention to the large income differences between people and highlights how many live on extremely low incomes. 6 The $2.15 poverty line, set by the UN, shows that globally close to one in ten people live in extreme poverty.
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 · 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.
Mar 29, 2023 · At $6.85, the global poverty rate increases by 0.2 percentage points to 46.9 percent, representing 44 million people living in poverty. The upward revisions in poverty estimates at the higher lines are largely driven by South Asia and Sub-Saharan Africa.
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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.
