The end of poverty

Some 783 million people live below the international poverty line of $1.90 per day.

Globally, the number of people living in extreme poverty fell from 36% in 1990 to 10% in 2015. However, the pace of this change is slowing, and the COVID-19 crisis threatens decades of progress in the fight against poverty. New research published by the United Nations University's World Institute for Development Economics Research warns that the economic consequences of the global pandemic could increase poverty worldwide to an additional 500 million people, or 8% more of the world's total population. This would be the first time poverty has increased globally in 30 years, since 1990.

More than 700 million people, or 10% of the world's population, still live in extreme poverty today, struggling to meet the most basic needs such as health, education and access to water and sanitation, to name a few. The majority of people living on less than $1.90 a day live in sub-Saharan Africa. Globally, poverty rates in rural areas are 17.2%; more than triple the same rates for urban areas.

For those who work, their job does not guarantee them a decent life. In fact, 8% of workers worldwide, and their families, were living in extreme poverty in 2018. One in five children live in extreme poverty. Ensuring social protection for all children and other vulnerable groups is crucial to reducing poverty.