Describe Global Poverty Trends

By BYJU'S Exam Prep

Updated on: November 9th, 2023

Global poverty trends measure the change in the estimated number of people living in extreme poverty around the world in a given period of time. To compare the poverty trends of the last few decades, the extreme economic poverty rate fell from 28% in 1990 to 21% in 2001. Overall, there has been an impressive reduction in global poverty in the years between 1990-2010.

Global Poverty Trends

Analyzing global poverty trends and estimating the population living in poverty around the world can help in better decision-making. Currently, one-fifth of the entire global population is living below the high poverty line. Even in countries like Russia, which claimed a 0% poverty rate earlier, there has been a rise in poverty.

We can initiate poverty alleviation programs and schemes and take economic decisions that benefit the poorest sections of society in a given area.

Impact of COVID-19 on Global Poverty Trends

In addition, due to the covid-19 pandemic in the last two years, the global poverty rate shot up again. It also resulted in a downturn in the worldwide economy.

  • Although global poverty trends showed a decline since the 1980s, there has now been a significant rise since 2020.
  • According to global poverty trends, over 9% of the population lived in extreme poverty in the year 2021.

Related Questions:

Our Apps Playstore
SSC and Bank
Other Exams
GradeStack Learning Pvt. Ltd.Windsor IT Park, Tower - A, 2nd Floor, Sector 125, Noida, Uttar Pradesh 201303
Home Practice Test Series Premium