This is the first in a series of posts on data related the Millennium Development Goals based on the 2015 Edition of World Development Indicators.
Millennium Development Goal 1 is to "Eradicate extreme poverty and hunger" and is assosciated with three targets to: a) Halve, between 1990 and 2015, the proportion of people whose income is less than one dollar a day; b) Achieve full and productive employment and decent work for all; and to c) Halve, between 1990 and 2015, the proportion of people who suffer from hunger.
The latest estimates show that the proportion of people living on less than $1.25 a day fell from 43.6 percent in 1990 to 17.0 percent in 2011. Forecasts based on country-specific growth rates in the past 10 years indicate that the extreme poverty rate will fall to 13.4 percent by 2015, a drop of more than two-thirds from the 1990 baseline.
The number of people worldwide living on less than $1.25 a day is also forecast to be halved by 2015 from its 1990 level. Between 1990 and 2011 the number of extremely poor people fell from 1.9 billion to 1 billion, and according to forecasts, another 175 million people will be lifted out of extreme poverty by 2015.
This means that based on current trends, nearly half of developing countries have already achieved the Millennium Development Goal 1 (MDG1) target of halving the proportion of the population in extreme poverty five years ahead of the 2015 deadline.