Most of the poor live in rural Sub-Saharan Africa.
Photo: ©FAO/Petterik Wiggers

01.10.2018

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Global poverty rates are still declining, but progress in reducing extreme poverty is slowing down. Rates remain high in low-income countries. Especially people living in rural areas in Sub-Saharan Africa suffer from poverty and food insecurity.

The number of people living in extreme poverty is still declining, but the decline in poverty rates has slowed, according to the summary of the first chapter of the report Poverty and Shared Prosperity 2018: Piecing Together the Poverty Puzzle, which was pre-published by the World Bank in September 2018. The whole report will be released on October 17, End Poverty Day. The slowdown in the decline of poverty rates raises concerns about achieving Sustainable Development Goal (SDG) 1 “End poverty in all its forms everywhere” by 2030.
 
According to the World Bank data, the percentage of people living in extreme poverty globally fell to a new low of 10 per cent in 2015 (latest number available), down from 11 per cent in 2013.  The number of people living on less than USD 1.90 a day fell during this period by 68 million to 736 million. In the 25 years from 1990 to 2015, the extreme poverty rate dropped an average of one percentage point per year – from nearly 36 per cent to 10 per cent.

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