World Bank Group President Jim Yong Kim recently announced ambitious goals to end poverty and boost shared prosperity, with a target to reduce the percentage of absolute poor – those living on or less than $1.25 a day (in 2005 PPP) – to 3 percent by 2030. The Bank, he said, will also focus on expanding opportunities for those living at the bottom 40 percent of the income or consumption distribution in each country.
Gross Domestic Product (GDP) estimates are some of the most heavily requested and used data published on data.worldbank.org. And as many users notice, the estimates are sometimes revised, occasionally resulting in large changes from previously published values. Why do revisions happen, what information do we publish about those revisions, and where do you find it?