describe global poverty trends
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The global share of people in extreme poverty – those living on less than $1.90 a day – has decreased consistently since 1990, when it included over 35% of the world population, to less than 10% in 2015. ... In 2015, over one-fifth of the global population lived below $3.20 and almost a half lived below $5.50 a day.
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According to the World Bank standard, the poverty ratio or percentage of population living below the poverty line in developing countries has come down from 28% in 1990 to 21% in 2001. The World Bank standard of poverty line states that all people living under $1 per day live in poverty.
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