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Various poverty lines and resulting percentage of BPL population Method Line Figure % of poor population Poor population World Bank (2021) poverty line 1.90 (PPP $ day) 6 84m [7] lower middle-income line 3.20 (PPP $ day) 26.2 365m [7] upper middle-income line 5.50 (PPP $ day) 60.1 838m [7] Asian Development Bank (2014) poverty line
with lowest economic class based on the World Bank's international poverty lines of $2.15 and $3.65 a day Country Region World Bank Income group (2024) Extremely poor: Less than $2.15 a day Moderately poor: $2.15 to less than $3.65 a day Not extremely or moderately poor: $3.65 or above a day Afghanistan: South Asia Low income
In practice, like the definition of poverty, the official or common understanding of the poverty line is significantly higher in developed countries than in developing countries. [5] [6] In September 2022, the World Bank updated the International Poverty Line (IPL), a global absolute minimum, to $2.15 per day [7] (in PPP). In addition, as of ...
In 2005, after extensive studies of the cost of living across the world, The World Bank raised the measure for global poverty line to reflect the observed higher cost of living. [5] Thereafter, the World Bank determined poverty rates from those living on less than US$1.25 per day on 2005 PPP basis, a measure that has been widely used in media ...
The poverty gap index is an improvement over the poverty measure head count ratio, which simply counts all the people below a poverty line in a given population and considers them equally poor. [2] 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 ...
India, in 2019 has about 2.7% [1] population under poverty level and is no longer holding the largest population under poverty level, considering Nigeria and Congo. [2] On the other hand, the Planning Commission of India uses its own criteria and has estimated that 27.5% of the population was living below the poverty line in 2004–2005, down ...
The World Bank defines poverty in absolute terms. The bank defines extreme poverty as living on less than US$1.90 per day. [2] , and moderate poverty as less than $3.10 a day. It has been estimated that in 2008, 1.4 billion people had consumption levels below US$1.25 a day and 2.7 billion lived on less than $2 a day.
For example, the poverty head count ratio at national poverty line (percentage of population) in India was last reported at 21.9% in 2011. [3] In July 2012, The New York Times reported the poverty head count ratio as 11.1% of the population of the United States in 1973, 15.2% in 1983 and 11.3% in 2000.