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5 Poorest Countries in the World 1. Burundi. Burundi is the world's poorest country. It has over 13.2 million people and is growing at a rate of 2.87%, making it one of the fastest-growing countries in the world; however, Burundi faces the threat of overpopulation. The country's largest industry is agriculture, making up 32.9% of its GDP and ...
- South Sudan🇸🇸 Current International Dollars: 476 | View South Sudan’s GDP & Economic Data. The very poorest of the world’s poorest countries, South Sudan has been wracked by violence since its creation in 2011.
- Burundi🇧🇮 Current International Dollars: 890 | View Burundi’s GDP & Economic Data. Tiny landlocked Burundi lacks natural resources and has been scarred by a 12-year civil war, contributing to its ranking of second-poorest country in the world.
- Central African Republic (CAR)🇨🇫 Current International Dollars: 1,127 | View CAR’s GDP & Economic Data. Rich in gold, oil, uranium and diamonds, the Central African Republic is a very wealthy country inhabited by very poor people, and has been among the poorest countries in the world for the better part of a decade.
- Democratic Republic of the Congo (DRC)🇨🇩 Current International Dollars: 1,510 | View DRC’s GDP & Economic Data. Since gaining independence from Belgium in 1960, the DRC has suffered decades of rapacious dictatorship, political instability and constant violence, making it a regular in our rankings of the world’s poorest countries.
Apr 22, 2021 · The poorest country in the world is Burundi with a GDP per capita of $264. Nearly all of the world’s poorest countries are in Africa, though Haiti, Tajikistan, Yemen, and Afghanistan are notable exceptions. Mapped: The 25 Poorest Countries in the World.
- 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 26, 2022 · To track progress towards its goal of eradicating extreme poverty by 2030, the UN relies on World Bank estimates of the share of the world population that fall below the International Poverty Line. In September 2022, the figure at which this poverty line is set shifted from $1.90 to $2.15.
May 2, 2022 · Last updated: Sep 14, 2022. As differences in price levels across the world evolve, the global poverty line has to be periodically updated to reflect these changes. Since 2015, the last update, we have used $1.90 as the global line. As of fall 2022, the new global line will be updated to $2.15.
Jan 17, 2024 · January 17, 2024. Date range. 1990–2019. people. Frequently Asked Questions. What is the International Poverty Line and how is it set? There is no single definition of poverty. Our understanding of the extent of poverty and how it is changing depends on which definition we have in mind.