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The world by income. Source: World Bank Group. Note: (1) Countries are classified each year on July 1, the start of the World Bank fiscal year, based on GNI per capita data (World Bank Atlas method) for the previous calendar year. For FY25 the classification uses GNI per capita for 2023. (2) Map boundaries represent boundaries as of 2020 and do ...
Just since 2003, the number of low-income countries has nearly halved, declining from 66 to 31 in 2019. The number of high-income countries is currently 80, up from less than 50 in the 1990s. The number of middle-income countries is 107 (60 UMICs and 47 LMICs) and has not changed much as countries have transitioned both in and out of this group.
The societal poverty line is given as: max ($2.15, $1.15 + 50% of median consumption or income) in 2017 PPP. That means a person is living in societal poverty if they are living on less than 1.15 dollars a day plus 50 percent of daily median consumption (or income) in their country of residence.
Daily income (2011 PPP $) 0 20 40 60 80 100 120 140 Each decile is based on the average of the median incomes of each country in that decile Poorer countries Richer countries 1993 Median income level (base year) 1993 Median income level (base year) Brazil 10th percentile $ 1 median $ 5 90th percentile $ 20 Finland 10th percentile $ 19 median ...
For example, in a country where the median level of consumption per person is $3.00 per day, the SPL is $2.50, ($1 + 0.5*$3.00). This relationship between the SPL and the median consumption level within the country is based on observing how countries increase the value of their national poverty line as they get richer.
The World Bank Economic Review 35, no. 1: 180-206.] In other words, the definition of basic needs depends on a country’s level of income. In poorer countries, for example, participating in the labor market may require only clothing and food, while in a richer country a person might need internet access, a vehicle, and a cell phone.
For added perspective, the World Bank also track poverty at $3.65 a day, the typical line for lower-middle-income countries, and $6.85 a day, typical for upper-middle-income countries. Poverty measured at the international poverty line of $2.15 a day is used to track progress toward meeting the World Bank target of reducing the share of people ...
An estimated 766 million people, or 10.7 percent of the world’s population, lived in extreme poverty in 2013. In 2012 the extreme poverty rate stood at 12.4 percent globally, and over the year the number of people living below the international poverty line of $1.90 a day fell by 114 million. Goal 1 aims to end poverty in all its forms by 2030.
In 2019, the SPI is available for 174 economies, covering almost all (over 99 percent) the world population. The overall SPI score ranges between 20 (Somalia) and 90 (Norway), with a median score of 59. In the map below, country SPI scores are shown by quintiles - the deep green representing the top 20% and deep orange representing the bottom ...
In many rich countries, the national poverty line is set as a constant proportion of median income, and thus increases as overall incomes rise. It follows that richer countries have higher poverty lines – for example, Germany's is equivalent to $26 (PPP) per person per day, while poorer countries have considerably lower ones – for example ...