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[10] 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."
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.
Multidimensional Poverty Indices uses a range of indicators to calculate a summary poverty figure for a given population, in which a larger figure indicates a higher level of poverty. This figure considers both the proportion of the population that is deemed poor and the 'breadth' of poverty experienced by these 'poor' households, following the ...
The Human Poverty Index (HPI) was an indication of the poverty of community in a country, developed by the United Nations to complement the Human Development Index (HDI) and was first reported as part of the Human Development Report in 1997.
The indicators are used to create a health index, an education index and an income index, each with a value between 0 and 1. The geometric mean of the three indices—that is, the cube root of the product of the indices—is the human development index. A value above 0.800 is classified as very high, between 0.700 and 0.799 as high, 0.550 to 0. ...
The Fordham Francis Index is a broad measure of global poverty - it is based on a small number of indicators that are strongly correlated with many aspects of development and can therefore serve as a proxy for overall success in achieving the UN's Sustainable Development Goals. It is also an innovative measure of human well-being since it ...
The poverty threshold, poverty limit, poverty line, or breadline [1] is the minimum level of income deemed adequate in a particular country. [2] The poverty line is usually calculated by estimating the total cost of one year's worth of necessities for the average adult. [ 3 ]
Poverty gap index estimates the depth of poverty by considering how far the poor are from that poverty line on average. [3] The poverty gap index sometimes referred to as 'poverty gap ratio' or 'pg index' is defined as an average of the ratio of the poverty gap to the poverty line. [4]