EU and the world

The World Bank has raised the poverty line to $3 per person per day.

World Bank changed poverty line indicator from $2.15 to $3 per person per day. This means that people living on less than $3 a day will now be considered living in extreme poverty.

The global poverty line indicator is based on data on purchasing power parity (PPP) of countries. The World Bank periodically updates this indicator to reflect changes in world prices for food, clothing and housing.

The World Poverty Index was introduced in 1990, when 9 out of 10 people living in poverty were in the world’s poorest countries. Since then, the situation has improved – three quarters of the world’s population live in middle-income countries. “A review of global poverty estimates shows that more people have escaped poverty in recent decades, but the world is poorer than we thought,” the report said.

In order to obtain better analytics on poverty levels, since 2017, the World Bank also uses two additional indicators of poverty – for countries with a level of income below the average and for countries with an income level above the average. The first of them is $4.2, the second is $8.3. The Bank notes that almost half of the people in the world do not receive $8.3 per day, and every fifth person on the planet has not even reached the figure of $4.2.

According to the World Bank, in 2024, almost 700 million people, or 8.5% of the entire population, lived in poverty. Two-thirds of them are in sub-Saharan Africa.

Taking into account the updated poverty line, in 2025 about 808 million people, or 9.9% of the global population, will live in poverty (previously, their number was expected to be 677 million). In other words, 1 in 10 people will experience financial difficulties trying to meet their basic needs (food, clothing and shelter). According to forecasts of the World Bank, by 2030, 9% of the world’s population will still be in such conditions.

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