Poverty Overview: Development news, research, data | World Bank
3 days ago · 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.
Global Progress in Reducing Extreme Poverty Grinds to a Halt
Oct 5, 2022 · As a result, an estimated 719 million people subsisted on less than $2.15 a day by the end of 2020. “Progress in reducing extreme poverty has essentially halted in tandem with subdued global economic growth,” said World Bank Group President David Malpass. “Of concern to our mission is the rise in extreme poverty and decline of shared ...
Ending Poverty is our First Global Goal, and We are Off Track
Oct 17, 2023 · Between 2014 and 2019, poverty was declining at a rate of only about 0.6 percentage points per year, and the goal of ending extreme poverty by 2030 was looking increasingly out of reach. As we all know, in 2020, this progress was abruptly halted. Several major overlapping crises – the COVID-19 pandemic, climate shocks, unexpected conflict ...
Guatemala Overview: Development news, research, data | World …
Guatemala is the largest economy in Central America in terms of population (estimated at 17.6 million in 2023) and economic activity (with a GDP of $104.4 billion in 2023). The country has experienced stable growth, averaging 3.2% between 2014 and 2023, above the Latin American and Caribbean average, supported by prudent fiscal and monetary ...
Poverty News & Views - World Bank Group
Latest news and videos from the World Bank’s work on Poverty, including press releases, loans and credits, speeches, blog posts, events and more.
Uganda Can Reduce Poverty by Building People’s Resilience to …
KAMPALA, May 11, 2023 – There was little progress in poverty reduction in Uganda during much of the decade leading up to 2019/20. Numerous shocks not only reduced economic growth, they also hampered the ability of households to increase their income, says a new World Bank poverty assessment report, Strengthening Resilience to Accelerate ...
Measuring Poverty Overview - World Bank Group
Dec 14, 2023 · The international poverty line is set at $2.15 per person per day using 2017 prices. This means that anyone living on less than $2.15 a day is in extreme poverty. About 701 million people globally were in this situation in 2019. The COVID-19 pandemic dealt the biggest setback to global poverty-reduction efforts since 1990, increasing the number ...
Haiti Overview: Development news, research, data | World Bank
Apr 18, 2024 · In 2023, Haiti had a GDP per capita of US$ 1694.1 and a GINI index of 41.1. Haiti's Human Development Index (HDI) value for 2022 is 0.552— which put the country in the Medium human development category—positioning it at 158 out of 193 countries and territories on this United Nations metrics, published in March 2024.
PHILIPPINES: Reducing Inequality Key to Becoming a Middle-Class …
Nov 24, 2022 · With an income Gini coefficient of 42.3 percent in 2018, the Philippines had one of the highest rates of income inequality in East Asia. “The Philippines aims to become a middle-class society free of poverty by 2040, but we know from global experience that no country has managed to make this transition while maintaining high levels of ...
Lebanon: Poverty more than triples over the last decade reaching …
BEIRUT, May 23, 2024 — Poverty in Lebanon has more than tripled over the past decade reaching 44% of the total population, according to a new World Bank report released today. Based on a recent household survey covering the five governorates of Akkar, Beirut, Bekaa, North Lebanon and most of Mount Lebanon, the report finds that 1 out of every ...