what is poverty compositon i.e number of people earning below $1. 25
Answers
It depends on country wheather it is developed or developping..
The developing world is poorer than we thought but no less successful in the fight against poverty," Martin Ravallion and Shaohua Chen revise estimates of poverty since 1981, finding that 1.4 billion people (one in four) in the developing world were living below US$1.25 a day in 2005, down from 1.9 billion (one in two) in 1981.
An earlier estimate-of 985 million people living below the former international US$1 a day poverty line in 2004-was based on the (then) best available cost of living data from 1993. The old data also indicated only about 1.5 billion in poverty in 1981. However, the new and far better ICP data on prices in developing countries reveal that these estimates were too low. The new estimates continue to assess world poverty by the standards of the poorest countries. The new line of US$1.25 for 2005 is the average national poverty line for the poorest 10-20 countries.