Around a quarter of the world’s population (24.1%; 1,811 million people) live on less than $3.20/day, while almost half (43.6%; 3,271 million people) live on less than $5.50/day. Using the societal poverty line to measure poverty across countries also yields a different regional distribution of global poverty over time (see Figure 6 for more details). By 2011, when inequality began to fall in China, global societal poverty moved away from East Asia to South Asia. By 2019, 27 percent of the global poor lived in South Asia and 24 percent of the global poor lived in Sub-Saharan Africa. Most countries in these two regions have been experiencing high or rising inequality.
This means that, at the bottom end of the distribution, income and consumption can give quite different pictures about a person’s welfare. For instance, a person dissaving in retirement may have a very low, or even zero, income, but have a high level of consumption nevertheless. All the data included in this explorer is available to download in GitHub, alongside a range of other poverty and inequality metrics. To measure poverty globally, however, we need to apply a poverty line that is consistent across countries. On this page you can find all our data, visualizations and writing relating to poverty.
- It measures how much money a country’s economy is worth, divided by the number of people living there.
- Discover the top things to do in Singapore in 2024 and immerse yourself in the vibrant tapestry of the Lion City.
- For the regions with sufficient population coverage, the 2018 estimates are updated and new poverty estimates for 2019 are added.
- While oil has been the backbone of Saudi Arabia’s economy, the nation is embarking on an ambitious plan, Vision 2030, to diversify its economy.
- These include $2.15, $3.65, $6.85, and max($2.15, $1.15 + 50% of median consumption or income), all expressed in 2017 PPP (more details on these lines below).
Afghanistan: Overcoming Adversity
Global poverty is one of the most pressing problems that the world faces today. The poorest in the world are often undernourished, without access to basic services such as electricity and safe drinking water; they have less access to education, and suffer from much poorer health. Its total population is 3,198,91, of which 8% are unemployed and 28.4% are below the poverty line. Despite this, its current economic growth was influenced by increasing oil exports. Armenia is located in southwestern Asia with a total population of 3,011,609 covering a total area of 29,743 sq km. Indonesia has the largest economy in Southeastern Asia with a GDP per capita of Int$ 12,431 and a real GDP growth rate of 5.03%.
Palestine – Int$ 5,664
The new surveys available for the years of the COVID-19 pandemic have increased survey data coverage to 62% of the world’s population in 2020 and 34% in 2021. With this update, poverty estimates are reported for all regions of the world for 2020, except for Sub-Saharan Africa, as well as the Middle East and North Africa. For 2021, regional estimates are now reported for South Asia, and the previously published estimate for Latin America and the Caribbean have been updated. However, the lack of sufficient data for low- and lower-middle-income countries (especially in Sub-Saharan Africa), that account for the majority of the global poor, still limits the global poverty series to 2019.
While it’s one of the lesser-known countries in Asia, its beauty and culture are unmatched. Afghanistan’s rugged landscapes are a testament to its people’s resilience and determination. With poorest country in asia the right support and opportunities, Afghanistan can chart a new path towards prosperity. According to case study of Asian Development Bank Philippines are a rising economy of Southeast Asia.
September 2020 global poverty update from the World Bank: New annual poverty estimates using the revised 2011 PPPs
Regardless of the notion of poverty assumed, global poverty was mostly concentrated in East Asia in 1990. The poverty estimates from the September 2020 PovcalNet update are presented in Table 1 below. 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.
Poverty estimates remain virtually unchanged, except for South Asia and Sub-Saharan Africa where there are upward revisions in poverty estimates. For example, the rate of extreme poverty, as measured by the international poverty line of $2.15, increases by 1.9 percentage points to 10.5% for South Asia and by 0.5 percentage points to 35.4% for Sub-Saharan Africa. Globally, extreme poverty is estimated to increase from 8.5% to 9%, representing 41 million more people living in extreme poverty in 2019. India accounts for almost 70% of this global change in extreme poverty (the revisions to the India series are explained in the What’s New document). At the $3.65 poverty line, India accounts for 40% of the slight upward revision of the global poverty rate from 23.6% to 24.1%. At the $6.85 poverty line, virtually no change is observed in global poverty estimates.
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