There is little or no association between economic inequality (measured using the Gini coefficient) and the MPI value. Large differences in the prevalence and severity of poverty remain between and within countries and even at the household level, caused by imbalances in nutrition, sanitation, access to education, and a range of other factors. } This comes at the backdrop of the World Bank forecast that global ... of people in the continent’s most populous country live below its poverty line of N137,430 ($381.75) a year. The magnitude of the existing challenges not only clouds the medium-term macroeconomic outlook, but also hampers progress on the Sustainable Development Goals, especially poverty eradication. The ideal entry-level account for individual users. Our open-source library houses the thousands of documents, periodicals, maps and reports released to the public. } padding-top: 1em; Countries with particularly high poverty rates at this threshold include Lao People Democratic Republic, as well as many of the South Asia and Pacific Island economies. Multidimensional Poverty Index 2019: Illuminating Inequalities, Table 1: Multidimensional Poverty Index Developing Countries, Press release   English     Spanish     French. Using the Tor browser, a virtual private network, and/or a device not registered to you can reduce some risk. Definitions of poverty vary considerably among nations. "Poverty rate in the United States in 2019, by ethnic group." Office of Public Affairs Between 88 and 115 million people will have plunged below the extreme poverty line by the end of 2020, according to the Washington, D.C, based organization. #content div.col-md-9 img.alignright, /* Lyris Box */ border-right: solid 8px #f2f2f2; Overview and forecasts on trending topics, Key figures and rankings about brands and companies, Consumer insights and preferences in various industries, Detailed information about political and social topics, All key figures about regions and countries, Everything you need to know about Consumer Goods, Identify market potentials of the digital future, Insights into the world's most important technology markets, Figures and insights about the advertising and media world, Everything you need to know about the industry development, Find studies from all around the internet. #sidebar-right .widget { As a Premium user you get access to background information and details about the release of this statistic. #content div.col-md-9 img.aligncenter { /* ----------------------------------------- */ As a result, the region’s average GDP per capita has fallen by an estimated 5.2 per cent since reaching a peak in 2013. /* Content Template: Publications Body Template - end */ Ball(7) finds significant and persistent losses in potential output from the Great Recession in most OECD countries, implying strong hysteresis effects. Between 2012 and 2017, the poverty rate among children and adolescents up to the age of 14 increased by 3 percentage points to 46 per cent. Notably, the sharp commodity price downturn in 2014–16 (figure 1)(4) has hampered poverty reduction, particularly in the commodity-dependent economies. Commodity dependence, insufficient output diversification, lack of formal employment and high inequality are impeding progress towards poverty eradication, along with fiscal austerity policies and episodes of high inflation that disproportionally affect the poor. If you know of an imminent threat to a location inside the U.S., immediately contact Among others, the most relevant articles include: Hindustan Times Online and Hindu Online in India; Fars News Agency Online and Fortune Newspaper in Ethiopia, Bdnews24.com and The Daily Star in Bangladesh, Gestión and El Comercio in Peru and Reforma in Mexico. As many as 115 million people could be pushed into extreme poverty this year due to the economic downturn caused by the coronavirus pandemic, the World Bank warned Wednesday. font-size: 14px; Over the same period, payroll employment has increased by 14 per cent. https://www.un.org/development/desa/dpad/publication/world-economic-situation-and-prospects-as-of-mid2019/. } (5) Figure 2 illustrates the broad-based economic slowdown in commodity-dependent economies, comparing average GDP per capita growth in the periods 2010–14 and 2015–19. Find Out . margin-top: .8em; line-height: 1.8em; and over 1 Mio. width: 3em; Alarmingly, the large poverty gaps between age groups have widened further in recent years. We now have a COVID-19 section updated daily, 150 million people below the poverty line by 2021 says the World Bank, Extreme poverty to climb for first time since ’98 as COVID-19 devastates planet, World Bank says, COVID-19 to Add as Many as 150 Million Extreme Poor by 2021, Pandemic could push 115 mn into extreme poverty in 2020: World Bank, Population of extremely poor persons in Nigeria hits 102m — NECA, Lebanon: 60% of population living below poverty line-cabinet. The household’s sanitation facility is not improved (according to SDG guidelines) or it is improved but shared with other households. Directly accessible data for 170 industries from 50 countries Between 2018 and 2019, poverty rates for people under the age of 18 decreased 1.8 percentage points, from 16.2 percent to 14.4 percent. Then you can access your favorite statistics via the star in the header. Statista. The World Poverty Clock provides real-time estimates until 2030 for almost every country in the world. In South Africa, for example, a middle-income country with relatively high GDP per capita, extreme poverty affects about 25 per cent of the population, with rates significantly higher for black South Africans in comparison to other groups. A large number of households in Central Asia are at risk of falling into poverty, as they remain heavily dependent on remittances. For example, rich nations generally employ more generous standards of poverty than poor nations. While the Asian economies have achieved tremendous progress in lowering extreme poverty over the past few decades, many segments of society are still being left behind.