Each year on October. 17, we mark End Poverty Day at the World Bank Group to celebrate the progress we’ve made toward our twin goals: to end extreme poverty by 2030; and to boost shared prosperity among the poorest 40 percent around the world. But more importantly, we use this day to take stock of how much further we have to go.
Today, we released the latest Poverty and Shared Prosperity Report, which shows that we have never been closer to realizing those goals. The percentage of the global population living in extreme poverty has dropped from 36 percent in 1990 to 10 percent in 2015, the lowest it has ever been in recorded history. During that time, more than 1 billion people lifted themselves out of poverty. About half of the world’s countries have reduced extreme poverty below 3 percent – the target we set for the world to reach by 2030.