Skip to Main Navigation
Photo: Shutterstock
Gas Flaring

Global Gas Flaring Falls to Lowest Level Since 2010

Progress in reducing gas flaring resumed in 2022, with gas flared worldwide falling by 5 billion cubic meters (bcm) to 139 bcm, its lowest level since 2010, according to new satellite data compiled by the World Bank's Global Gas Flaring Reduction Partnership (GGFR). Three countries, Nigeria, Mexico, and the United States, accounted for most of the decline in global gas flaring in 2022. Two other countries—Kazakhstan and Colombia— stand out for consistently reducing flaring volumes in the last seven years.

Photo: World Bank
Food Security

Latest Food Security Update

Our latest update from March 23 shows that domestic food price inflation remains high in almost all low-, middle-, and high-income countries. Since the last update on March 9, 2023, the agricultural, cereal, and export price indices closed 3 percent, 2 percent, and 2 percent lower, respectively.

Photo: World Bank
New Report

Global Economy’s “Speed Limit” Set to Fall to Three-Decade Low

The global economy’s “speed limit”—the maximum long-term rate at which it can grow without sparking inflation—is set to slump to a three-decade low by 2030. A World Bank report—Falling Long-Term Growth Prospects: Trends, Expectations, and Policies—shows that an ambitious policy push can boost productivity, ramp up investment, and harness the potential of the services sector.

Our Mission

The World Bank has two goals: end extreme poverty and promote shared prosperity in a sustainable way.

Learn About Our Priorities

Newsletter

Subscribe Here

Data

We engage the development community with real-world statistics

In 2022, the global average score on the World Bank’s Women, Business and the Law index rose just half a point to 77.1—indicating women, on average, enjoy barely 77 percent of the legal rights that men do. At the current pace of reform, in many countries a woman entering the workforce today will retire before she will be able to gain the same rights as men, the report notes. This year, 18 countries enacted 34 reforms, the lowest number of reforms in 20 years. But more than half of all reforms captured were implemented in the Sub-Saharan Africa region by seven economies. Learn More.

Results

We support countries' poverty reduction strategies

Research

We provide analysis and advice for developing countries

The World Bank

Topics

We help developing countries find solutions to the toughest global and local development challenges—from adapting to climate change to boosting food security to increasing access to energy.

Learn More