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Does South Asia have extreme poverty?
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- Afghanistan. This mountainous nation is burdened by ongoing armed conflict, government corruption, and prolific income inequality. After the United States and United Nations withdrew their troops in mid-2021, the Taliban retook control of Afghanistan's government.
- North Korea. North Korea may actually be the poorest country in Asia, but the nation's notoriously secretive government rarely shares its data, so economists must rely upon expert estimates.
- Nepal. Nepal's poverty stems from political instability and corruption, a lack of industry, and its dependence on agriculture. Despite being rich in natural resources, Nepal has not utilized and capitalized on them by exporting them to other countries.
- Tajikistan. By nearly any measure, Tajikistan consistently ranks as the second- or third-poorest country in Asia. A lack of infrastructure causes Tajikistan's economy to stagnate.
Jul 30, 2019 · 25 years ago, Vietnam was one of the poorest countries in the world. Today, it boasts one of the best poverty numbers among lower middle-income countries in East Asia and Southeast Asia. Only 4% of Vietnamese people are living on less than $3.20 a day. By 2027, this is expected to be below 1%.
Mar 16, 2021 · Notably, this update includes for the first time poverty estimates based on imputed consumption data for three countries in Sub-Saharan Africa (Somalia, South Sudan, and Zimbabwe), including data on Somalia that previously had no survey estimate available in PovcalNet.
Sep 20, 2023 · In South Asia, extreme poverty increased by 2.5 percentage points in 2020. However, South Asia experienced a recovery from the COVID-19 pandemic in 2021, with poverty reducing from 13.1% to 10.9%, while Latin America and the Caribbean experienced an uptick in extreme poverty.
Feb 7, 2024 · Among ASEAN countries considered, Myanmar had the highest share of the population living below the national poverty line, with nearly a quarter of its population falling into that category in...
Ten poorest Asian countries according to GNI per capita are: Afghanistan - $500; Yemen - $940; Tajikistan - $1,060; Kyrgyzstan - $1,160; Nepal - $1,190; Myanmar - $1,260; Pakistan - $1,280; Cambodia - $1,490; Uzbekistan - $1,670; Syria - $1,820
Oct 7, 2020 · The estimates for South Asia are not displayed since the region has a survey coverage less than 50% of the region’s total population. Poverty has reduced across the world, from 36.2% in 1990 to 9.2% in 2017 (Figure 1).
