Key Takeaways
- The world poverty target under the UN is to reduce the proportion of men, women, and children living in poverty in all its dimensions (Sustainable Development Goal 1)
- In 2019, an estimated 648 million people lived under the international poverty line of $1.90 a day (2011 PPP) (World Bank estimates)
- In 2020, an estimated 689 million people lived under the international poverty line of $1.90 a day (2011 PPP) (World Bank estimates)
- Extreme poverty fell by 10 percentage points globally between 1990 and 2015 (from about 36% to about 10%)
- A 2020 study estimated that COVID-19 could push up to 150 million people into poverty globally (World Bank/UN/others modeling results widely reported)
- The IMF reported in 2020 that global GDP could fall by about 4.4% in 2020, a macro shock associated with higher poverty risks
- The UNDP/OPHI Multidimensional Poverty Index (MPI) is calculated for people living in 111 developing countries
- The global MPI uses 10 indicators across 5 dimensions: health, education, and living standards (with sub-dimensions)
- A person is considered multidimensionally poor if they are deprived in at least 33% of weighted indicators
- In 2023, UNICEF estimated that 333 million people were facing severe food insecurity and this is associated with elevated poverty risk
- The World Bank reports that social assistance programs can reduce poverty; cash transfers are among the most cost-effective interventions
- The ILO and UNICEF report that cash transfers are typically designed to cover a significant share of basic needs; program designs often target poverty reduction by providing regular income support
In 2022, 2.4 billion people lived in poverty, and even deeper reductions by 2030 remain uncertain.
Poverty Levels
Poverty Levels Interpretation
Poverty Drivers
Poverty Drivers Interpretation
Poverty Measurement
Poverty Measurement Interpretation
Policy & Outcomes
Policy & Outcomes Interpretation
References
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