![]() ![]() ![]() That translates to 20 million fewer people living in extreme poverty. We see this in the two charts below that show the share and number of people in extreme poverty using the old and updated methodologies.Įstimates of the share of people living in extreme poverty globally for 2019 – the latest available year – are slightly lower using the updated methodology: 8.4% as compared to 8.7%. This continuity is reflected in the data: Overall the update only very modestly changes our understanding of the extent of extreme poverty globally. This leaves the real value of the revised International Poverty Line broadly equal to what it was before. But broadly speaking, the difference in the two units reflects inflation over time: Because prices have gone up, one 2017 international-$ buys a smaller quantity of goods and services than one 2011 international-$. This is because the units in which the old and new figures are counted have changed: the $1.90 figure was expressed in 2011 international-$, and the new figure of $2.15 is expressed in 2017 international-$.īelow we explain in much more detail what international dollars are and what the change in base year means. ![]() The crucial fact to know about the World Bank’s updated International Poverty Line is that, whilst the number has risen – from $1.90 to $2.15 per day – in terms of the goods and services that it affords, the value is broadly the same. ![]()
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