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The International Poverty Line of $2.15 per day (in 2017 international-$) is the best known absolute poverty line and is used by the World Bank and the UN to measure extreme poverty around the world. The value of relative poverty lines instead rises and falls as average incomes change within a given country.
Mar 26, 2024 · Global poverty estimates were updated today on the World Bank's Poverty and Inequality Platform (PIP). , more than 100 new surveys were added to the PIP database, bringing the total number of surveys to more than 2,300. With more recent survey data, this March 2024 PIP update is the first to report a global poverty number for 2020-2022, the period of the COVID-19 pandemic.
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Apr 2, 2024 · Overview. 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.
May 2, 2022 · The World Bank also uses a societal poverty line (SPL) that reflects a more relative concept of poverty. With 2011 PPPs, the SPL is defined as $1.00 plus half the median level of consumption in a country, or the international poverty line if $1.00 plus half the median level of consumption is lower than the international poverty line.
Mar 29, 2023 · This March 2023 global poverty update from the World Bank revises the previously published global and regional estimates from 1981 to 2019. Regional poverty estimates are now reported up to 2021, depending on sufficient data coverage over the period of the COVID-19 pandemic.
