Over the past 30 years, there has been an almost constant reduction in the poverty rate worldwide. Whereas nearly ** percent of the world's population lived on less than 2.15 U.S. dollars in terms of 2017 Purchasing Power Parity (PPP) in 1990, this had fallen to *** percent in 2022. This is even though the world's population was growing over the same period. However, there was a small increase in the poverty rate during the COVID-19 pandemic in 2020 and 2021, when thousands of people became unemployed overnight. Moreover, the rising cost of living in the aftermath of the pandemic and spurred by the Russian invasion of Ukraine in 2022 meant that many people were struggling to make ends meet. Poverty is a regional problem Poverty can be measured in relative and absolute terms. Absolute poverty concerns basic human needs such as food, clothing, shelter, and clean drinking water, whereas relative poverty looks at whether people in different countries can afford a certain living standard. Most countries that have a high percentage of their population living in absolute poverty, meaning that they are poor compared to international standards, are regionally concentrated. African countries are most represented among the countries in which poverty prevails the most. In terms of numbers, Sub-Saharan Africa and South Asia have the most people living in poverty worldwide. Inequality on the rise How wealth, or the lack thereof, is distributed within the global population and even within countries is very unequal. In 2022, the richest one percent of the world owned almost half of the global wealth, while the poorest 50 percent owned less than two percent in the same year. Within regions, Latin America had the most unequal distribution of wealth, but this phenomenon is present in all world regions.

World poverty rate for 2023 was 47.00%, a 1% decline from 2022.

<ul style='margin-top:20px;'>

<li>World poverty rate for 2022 was <strong>48.00%</strong>, a <strong>0.6% decline</strong> from 2021.</li>
<li>World poverty rate for 2021 was <strong>48.60%</strong>, a <strong>1.8% decline</strong> from 2020.</li>
<li>World poverty rate for 2020 was <strong>50.40%</strong>, a <strong>4.1% increase</strong> from 2019.</li>
</ul>Poverty headcount ratio at $5.50 a day is the percentage of the population living on less than $5.50 a day at 2011 international 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.

Out of all OECD countries, Cost Rica had the highest poverty rate as of 2022, at over 20 percent. The country with the second highest poverty rate was the United States, with 18 percent. On the other end of the scale, Czechia had the lowest poverty rate at 6.4 percent, followed by Denmark.

The significance of the OECD

The OECD, or the Organisation for Economic Co-operation and Development, was founded in 1948 and is made up of 38 member countries. It seeks to improve the economic and social well-being of countries and their populations. The OECD looks at issues that impact people’s everyday lives and proposes policies that can help to improve the quality of life.

Poverty in the United States

In 2022, there were nearly 38 million people living below the poverty line in the U.S.. About one fourth of the Native American population lived in poverty in 2022, the most out of any ethnicity. In addition, the rate was higher among young women than young men. It is clear that poverty in the United States is a complex, multi-faceted issue that affects millions of people and is even more complex to solve.

Using a poverty metric of 2.15 U.S. dollars per day, 37 percent of the women in Sub-Saharan Africa were living in extreme poverty in 2023. This is expected to fall to one third by 2023. On the other hand, less than one percent of the population in Europe and North America as well as Australia and New Zealand were living in extreme poverty. Nevertheless, there are also many people in these regions struggling to make ends meet.

Graph and download economic data for Estimated Percent of People of All Ages in Poverty for United States (PPAAUS00000A156NCEN) from 1989 to 2023 about percent, child, poverty, and USA.

Whereas less than one percent of the population in high income countries in the world lived on less than 2.15 U.S. dollars a day in 2018 in terms of 2017 purchasing power parities, 44 percent of the population in low income countries did the same. On a more positive note, the poverty rate in low income countries fell by 20 percentage points from 1994 to 2018.

Historical chart and dataset showing Brazil poverty rate by year from 1981 to 2023.

Colombia poverty rate for 2023 was 37.60%, a 2.6% decline from 2022.

<ul style='margin-top:20px;'>

<li>Colombia poverty rate for 2022 was <strong>40.20%</strong>, a <strong>3.8% decline</strong> from 2021.</li>
<li>Colombia poverty rate for 2021 was <strong>44.00%</strong>, a <strong>4% decline</strong> from 2020.</li>
<li>Colombia poverty rate for 2020 was <strong>48.00%</strong>, a <strong>7.7% increase</strong> from 2019.</li>
</ul>Poverty headcount ratio at $5.50 a day is the percentage of the population living on less than $5.50 a day at 2011 international 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.

Poverty Headcount Ratio at Societal Poverty Lines: % of Population data was reported at 19.000 % in 2021. This records a decrease from the previous number of 20.900 % for 2020. Poverty Headcount Ratio at Societal Poverty Lines: % of Population data is updated yearly, averaging 31.700 % from Dec 1990 (Median) to 2021, with 19 observations. The data reached an all-time high of 72.000 % in 1990 and a record low of 19.000 % in 2021. Poverty Headcount Ratio at Societal Poverty Lines: % of Population data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s China – Table CN.World Bank.WDI: Social: Poverty and Inequality. The poverty headcount ratio at societal poverty line is the percentage of a population living in poverty according to the World Bank's Societal Poverty Line. The Societal Poverty Line is expressed in purchasing power adjusted 2017 U.S. dollars and defined as max($2.15, $1.15 + 0.5*Median). This means that when the national median is sufficiently low, the Societal Poverty line is equivalent to the extreme poverty line, $2.15. For countries with a sufficiently high national median, the Societal Poverty Line grows as countries’ median income grows.;World Bank, Poverty and Inequality Platform. Data are based on primary household survey data obtained from government statistical agencies and World Bank country departments. Data for high-income economies are mostly from the Luxembourg Income Study database. For more information and methodology, please see http://pip.worldbank.org.;;The World Bank’s internationally comparable poverty monitoring database now draws on income or detailed consumption data from more than 2000 household surveys across 169 countries. See the Poverty and Inequality Platform (PIP) for details (www.pip.worldbank.org).

The average for 2021 based on 71 countries was 25.11 percent. The highest value was in Niger: 96.3 percent and the lowest value was in Cyprus: 0.1 percent. The indicator is available from 1963 to 2023. Below is a chart for all countries where data are available.

Will all children be able to read by 2030? The ability to read with comprehension is a foundational skill that every education system around the world strives to impart by late in primary school—generally by age 10. Moreover, attaining the ambitious Sustainable Development Goals (SDGs) in education requires first achieving this basic building block, and so does improving countries’ Human Capital Index scores. Yet past evidence from many low- and middle-income countries has shown that many children are not learning to read with comprehension in primary school. To understand the global picture better, we have worked with the UNESCO Institute for Statistics (UIS) to assemble a new dataset with the most comprehensive measures of this foundational skill yet developed, by linking together data from credible cross-national and national assessments of reading. This dataset covers 115 countries, accounting for 81% of children worldwide and 79% of children in low- and middle-income countries. The new data allow us to estimate the reading proficiency of late-primary-age children, and we also provide what are among the first estimates (and the most comprehensive, for low- and middle-income countries) of the historical rate of progress in improving reading proficiency globally (for the 2000-17 period). The results show that 53% of all children in low- and middle-income countries cannot read age-appropriate material by age 10, and that at current rates of improvement, this “learning poverty” rate will have fallen only to 43% by 2030. Indeed, we find that the goal of all children reading by 2030 will be attainable only with historically unprecedented progress. The high rate of “learning poverty” and slow progress in low- and middle-income countries is an early warning that all the ambitious SDG targets in education (and likely of social progress) are at risk. Based on this evidence, we suggest a new medium-term target to guide the World Bank’s work in low- and middle- income countries: cut learning poverty by at least half by 2030. This target, together with improved measurement of learning, can be as an evidence-based tool to accelerate progress to get all children reading by age 10.

For further details, please refer to https://thedocs.worldbank.org/en/doc/e52f55322528903b27f1b7e61238e416-0200022022/original/Learning-poverty-report-2022-06-21-final-V7-0-conferenceEdition.pdf

Historical chart and dataset showing Thailand poverty rate by year from 1981 to 2023.

The underlying data are used to provide inputs for both the Vision indicator on the global population living in poverty as well as the Client Context indicator on the percentage of the population in FCV countries living in poverty. The Vision indicator measures the percentage of the population living on less than $6.85 a day in 2017 purchasing power parity (PPP) adjusted prices. Measures are based on internationally comparable poverty lines hold the real value of the poverty line constant across countries when making national and temporal comparisons. The threshold of $6.85 corresponds to the median poverty line for upper-middle-income countries.[1] _ [1] See Joliffe et al. (2022) for more details related to the assignment of poverty lines.

Egypt poverty rate for 2021 was 58.50%, a 3.7% decline from 2019.

<ul style='margin-top:20px;'>

<li>Egypt poverty rate for 2019 was <strong>62.20%</strong>, a <strong>4.6% decline</strong> from 2017.</li>
<li>Egypt poverty rate for 2017 was <strong>66.80%</strong>, a <strong>10% increase</strong> from 2015.</li>
<li>Egypt poverty rate for 2015 was <strong>56.80%</strong>, a <strong>3.8% decline</strong> from 2012.</li>
</ul>Poverty headcount ratio at $5.50 a day is the percentage of the population living on less than $5.50 a day at 2011 international 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.

Definition: The indicator “proportion of the population below the international poverty line” is defined as the percentage of the population living on less than $2.15 a day at 2017 international prices. Concepts: In assessing poverty in a given country, and how best to reduce poverty, one naturally focuses on a poverty line that is considered appropriate for that country. But how do we talk meaningfully about Last updated: 2023-03-31 “global poverty?” Poverty lines across countries vary in terms of their purchasing power, and they have a strong economic gradient, such that richer countries tend to adopt higher standards of living in defining poverty. But to consistently measure global absolute poverty in terms of consumption we need to treat two people with the same purchasing power over commodities the same way—both are either poor or not poor—even if they live in different countries. Since World Development Report 1990, the World Bank has aimed to apply a common standard in measuring extreme poverty, anchored to what poverty means in the world's poorest countries. The welfare of people living in different countries can be measured on a common scale by adjusting for differences in the purchasing power of currencies. The commonly used $1 a day standard, measured in 1985 international prices and adjusted to local currency using purchasing power parity (PPP) exchange rates, was chosen for World Development Report 1990 because it was typical of the poverty lines in lowincome countries at the time. As differences in the cost of living across the world evolve, the international poverty line has to be periodically updated using new PPP price data to reflect these changes. The last change was in September 2022, when the World Bank adopted $2.15 as the international poverty line using the 2017 PPP. Prior to that, the 2015 update set the international poverty line at $1.90 using the 2011 PPP. Poverty measures based on international poverty lines attempt to hold the real value of the poverty line constant across countries and over time. Unit of measure: Percent (%). The unit of measure is the proportion of people.Validation: The raw data are obtained by poverty economists through their contacts in the NSOs, and checked for quality before being submitted for further analysis. The raw data can be unit-record survey data, or grouped data, depending on the agreements with the country governments. In most cases, the welfare aggregate, the essential element for poverty estimation, is generated by the country governments. Sometimes, the World Bank constructs the welfare aggregate or adjusts the aggregate provided by the countryData availability: Data are available in 160+ economies, (measured in terms of number of economies that have at least 1 data point). References: For more information and methodology, please see : https://worldbank.github.io/PIP-Methodology/. Also, consult: https://openknowledge.worldbank.org/handle/10986/37061

Using a poverty gap of 1.90 U.S. dollars per day, only eight percent of women in Central and South Asia were living on less than 1.90 U.S. dollars per day, but when increasing the poverty line to 3.20 dollars per day, 37 percent were living in poverty. Meanwhile, the highest female poverty rates were found in Sub-Saharan Africa, at over 40 percent at 1.90 dollars, and nearly 90 percent at 5.50 dollars.

China poverty rate for 2021 was 21.00%, a 8.5% decline from 2020.

<ul style='margin-top:20px;'>

<li>China poverty rate for 2020 was <strong>29.50%</strong>, a <strong>0.6% increase</strong> from 2019.</li>
<li>China poverty rate for 2019 was <strong>28.90%</strong>, a <strong>3.3% decline</strong> from 2018.</li>
<li>China poverty rate for 2018 was <strong>32.20%</strong>, a <strong>4.1% decline</strong> from 2017.</li>
</ul>Poverty headcount ratio at $5.50 a day is the percentage of the population living on less than $5.50 a day at 2011 international 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 average for 2020 based on 10 countries was 30.53 percent. The highest value was in Mexico: 43.9 percent and the lowest value was in Chile: 10.8 percent. The indicator is available from 2000 to 2023. Below is a chart for all countries where data are available.

Poverty Headcount Ratio at Societal Poverty Lines: % of Population data was reported at 22.200 % in 2021. This records an increase from the previous number of 22.000 % for 2020. Poverty Headcount Ratio at Societal Poverty Lines: % of Population data is updated yearly, averaging 23.200 % from Dec 1979 (Median) to 2021, with 25 observations. The data reached an all-time high of 26.200 % in 2009 and a record low of 18.500 % in 1992. Poverty Headcount Ratio at Societal Poverty Lines: % of Population data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Israel – Table IL.World Bank.WDI: Social: Poverty and Inequality. The poverty headcount ratio at societal poverty line is the percentage of a population living in poverty according to the World Bank's Societal Poverty Line. The Societal Poverty Line is expressed in purchasing power adjusted 2017 U.S. dollars and defined as max($2.15, $1.15 + 0.5*Median). This means that when the national median is sufficiently low, the Societal Poverty line is equivalent to the extreme poverty line, $2.15. For countries with a sufficiently high national median, the Societal Poverty Line grows as countries’ median income grows.;World Bank, Poverty and Inequality Platform. Data are based on primary household survey data obtained from government statistical agencies and World Bank country departments. Data for high-income economies are mostly from the Luxembourg Income Study database. For more information and methodology, please see http://pip.worldbank.org.;;The World Bank’s internationally comparable poverty monitoring database now draws on income or detailed consumption data from more than 2000 household surveys across 169 countries. See the Poverty and Inequality Platform (PIP) for details (www.pip.worldbank.org).

Sweden SE: Poverty Headcount Ratio at National Poverty Lines: % of Population data was reported at 16.100 % in 2022. This records an increase from the previous number of 16.000 % for 2021. Sweden SE: Poverty Headcount Ratio at National Poverty Lines: % of Population data is updated yearly, averaging 15.900 % from Dec 2007 (Median) to 2022, with 16 observations. The data reached an all-time high of 17.100 % in 2018 and a record low of 13.500 % in 2007. Sweden SE: Poverty Headcount Ratio at National Poverty Lines: % of Population data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Sweden – Table SE.World Bank.WDI: Social: Poverty and Inequality. National poverty headcount ratio is the percentage of the population living below the national poverty line(s). National estimates are based on population-weighted subgroup estimates from household surveys. For economies for which the data are from EU-SILC, the reported year is the income reference year, which is the year before the survey year.;World Bank, Poverty and Inequality Platform. Data are compiled from official government sources or are computed by World Bank staff using national (i.e. country–specific) poverty lines.;;This series only includes estimates that to the best of our knowledge are reasonably comparable over time for a country. Due to differences in estimation methodologies and poverty lines, estimates should not be compared across countries.