Poverty Overviw
There has been marked progress on reducing poverty over the past decades. The world attained the first Millennium Development Goal target—to cut the 1990 poverty rate in half by 2015—five years ahead of schedule, in 2010. Despite this progress, the number of people living in extreme poverty globally remains unacceptably high.
- According to the most recent estimates, in 2011, 17 percent of people in the developing world lived at or below $1.25 a day. That’s down from 43 percent in 1990 and 52 percent in 1981.
- This means that, in 2011, just over one billion people lived on less than $1.25 a day, compared with 1.91 billion in 1990, and 1.93 billion in 1981.
- Progress has been slower at higher poverty lines. In all, 2.2 billion people lived on less than US $2 a day in 2011, the average poverty line in developing countries and another common measurement of deep deprivation. That is only a slight decline from 2.59 billion in 1981.
- East Asia saw the most dramatic reduction in extreme poverty, from 78 percent in 1981 to 8 percent in 2011. In South Asia, the share of the population living in extreme poverty is now the lowest since 1981, dropping from 61 percent in 1981 to 25 percent in 2011. Sub-Saharan Africa reduced its extreme poverty rate from 53 percent in 1981 to 47 percent in 2011.
- China alone accounted for most of the decline in extreme poverty over the past three decades. Between 1981 and 2011, 753 million people moved above the $1.25-a-day threshold. During the same time, the developing world as a whole saw a reduction in poverty of 942 million.
- In 2011, just over 80 percent of the extremely poor lived in South Asia (399 million) and Sub-Saharan Africa (415 million). In addition, 161 million lived in East Asia and Pacific.
- Fewer than 50 million of the extremely poor lived in Latin America and the Caribbean, Middle East and North Africa, and Eastern Europe and Central Asia combined.
Last Updated: Apr 06, 2015
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