Syndicate content

Add new comment

Submitted by Juan Feng on
Good point, and yes, the poverty statistics shown in the graphs have taken into account the inflation. The $1.25-a-day poverty line is at the 2005 price level. Consumption/income data used to calculate poverty rates has been adjusted to the 2005 price level, and it has also been adjusted for different purchasing power of local currencies across country. For more information on the methodology of poverty estimation, please refer to PovcalNet - an online poverty analysis tool developed by the World Bank, (http://iresearch.worldbank.org/PovcalNet/index). The global absolute poverty rate measured at $1.25 a day has fallen from 52.2% in 1981 to 22.4% in 2008, despite the population growth.