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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."
A 2020 World Bank paper estimated that between 32 million and 132 million additional people will be pushed into extreme poverty by 2030 due to climate change. [9] The cycle of poverty exacerbates the potential negative impacts of climate change.
A 2013 World Bank report estimated that climate change was likely to hinder future attempts to reduce poverty with a 2016 UN report claiming that by 2030, an additional 122 million more people could be driven to extreme poverty because of climate change. [352]
The World Bank noted that growth has been decelerating for years in the developing world – from a robust average of 5.9% a year in the 2000s to 5.1% in the 2010s to just 3.5% in the 2020s.
The World Development Report (WDR) is an annual report published since 1978 by the World Bank. Each WDR provides in-depth analysis of a specific aspect of economic development . Past reports have considered such topics as agriculture, youth, equity, public services delivery, the role of the state, transition economies , labour, infrastructure ...
The World Bank estimates that between 2016 and 2030, climate change could drive over 120 million people into extreme poverty without adaptation. [ 253 ] Inequalities based on wealth and social status have worsened due to climate change. [ 254 ]
The increase in extreme weather events, linked to climate change, and resulting disasters is expected to continue. Disasters are a major cause of impoverishment and can reverse progress towards poverty reduction. [122] A report by the World Bank shows that poor persons are most prone to climate disasters. [123]
The number of people living in relative poverty, across the country, tends to vary from state to state, e.g. in California (in 2018), 4.66 million people lived in poverty versus in Minnesota with about 456,000 people that lived in poverty. [61] The causes of relative poverty in the US are complex and revolve around the following: