World Bank sets new povertly line at $1.90

To guide its work toward a “world free poverty lineof poverty,” the World Bank Group in 2013 established two clear goals: end extreme poverty by 2030 and promote shared prosperity.

The poverty goal is examined from three perspectives:

  • the evolution of income poverty based on the new international poverty line that has been re-estimated at $1.90 a day;
  • an assessment of person-equivalent income poverty, a new indicator that combines the incidence with the depth of poverty;
  • and a review of the breadth of poverty, recognizing that income shortfalls often coexist with multiple non-income deprivations.

 

The shared prosperity goal is examined on the basis of the latest comparison of comparable household data on income growth of the bottom 40 percent.

Global poverty is estimated to have declined in 2012 to 902 million people, or 12.8 percent of global population, according to the most recent data. Poverty is forecast to fall in 2015 to 702.1 million, a poverty rate of 9.6 percent, the first time the share people living in extreme poverty would be in the single digits.

Please find more information about the revised poverty line on the World Bank website.

More also in the Frequently Asked Questions.