The pandemic has caused unprecedented reversals in poverty reduction that are exacerbated by rising inflation and the effects of the war in Ukraine. We estimate that these combined crises will lead to an additional 75 million to 95 million people living in extreme poverty in 2022, compared to pre-pandemic projections. Read more.
Note on global poverty lines: These estimates (from early 2022) are calculated using the US$1.90 per person per day poverty line, which was updated in September 2022 to US$2.15 per person per day. Poverty data are now expressed in 2017 Purchasing Power Parity (PPP) prices, versus 2011 PPP in previous editions. The new global poverty lines of $2.15, $3.65, and $6.85 reflect the typical national poverty lines of low-income, lower-middle-income, and upper-middle-income countries in 2017 prices. New nowcast estimates at the US$2.15 poverty line will be available in October 2022. Read more.