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The World Poverty Clock [1] is a tool to monitor progress against poverty globally, [2] and regionally. [3] It provides real-time poverty data across countries. [4] [5] Created by the Vienna-based NGO, World Data Lab, it was launched in Berlin at the re:publica conference in 2017, [6] [7] and is funded by Germany's Federal Ministry for Economic Cooperation and Development.
According to World Bank, "Poverty headcount ratio at a defined value a day is the percentage of the population living on less than that value a day at 2017 purchasing power adjusted prices. As a result of revisions in PPP exchange rates, poverty rates for individual countries cannot be compared with poverty rates reported in earlier editions."
Extreme poverty projection by the World Bank to 2030. Using the World Bank definition of $1.90/day, as of 2021, roughly 710 million people remained in extreme poverty (or roughly 1 in 10 people worldwide). [30] Nearly half of them live in India and China, with more than 85% living in just 20 countries.
The UK saw a 20% rise in relative child income poverty rates between 2012/14 and 2019/21, the humanitarian organisation said. UK ranks worst among some of world’s richest countries on child ...
Climate change and extreme weather are already hurting the world economy and if unchecked will plunge millions more into poverty while pushing up food prices and disrupting trade and labour ...
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In 2021, extreme poverty was reduced to 0.8% [1] and India is no longer the nation with the largest population living in poverty. [2] There is significant income inequality within India, as it is simultaneously home to some of the world's richest people. [3] The average wages are estimated to quadruple between 2013-30. [4]
As India is one of the fastest-growing economies in 2018, poverty is on the decline in the country, with close to 44 Indians escaping extreme poverty every minute, as per the World Poverty Clock. India lifted 271 million people out of poverty in a 10-year time period from 2005/06 to 2015/16. [67]
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