575 million people still live in extreme poverty by 2030

According to United Nations, 575 million people will still be living in extreme poverty by 2030.

The share of the world’s population living in extreme poverty declined rapidly to 11.7 per cent in 2013, down from 29.3 per cent in 2000 and 43.6 per cent in 1981. More than a billion people have lifted themselves out of poverty over the last 25 years from 1990 to 2015.

But the pace of change is decelerating and has slowed since then. In 2020, the number of people in extreme poverty rose by 70 million to more than 700 million people due to the COVID-19 crisis. By the end of 2022, 685 million people could still be living in extreme poverty. Baseline projections suggest that about 5 per cent of the world’s population will still be living in extreme poverty in 2030 if current trends continue.

For World Bank Statistics, the new extreme poverty line of $2.15 per person per day, which replaces the $1.90 poverty line, is based on 2017 PPPs. 

Sources :

https://www.un.org/sustainabledevelopment/poverty

https://www.worldbank.org/en/topic/poverty/overview

https://data.worldbank.org/topic/11

https://www.worldbank.org/en/news/factsheet/2022/05/02/fact-sheet-an-adjustment-to-global-poverty-lines