A remarkable global achievement has been recorded, with the proportion of the world’s population living in extreme poverty more than halved over the past two decades. According to data sourced from the World Bank and Gapminder, the rate of extreme poverty has witnessed an unprecedented decline, falling from 29.5% of the global population in 1997 to a mere 9.1% by 2017.
This significant reduction underscores the effectiveness of global poverty reduction initiatives and the collective efforts of governments, international organizations, and civil society. The rapid pace of this decline highlights the potential for sustained progress in addressing one of the world’s most pressing challenges.
The data reveals that substantial strides have been made in lifting millions out of extreme poverty, indicating improved access to essential resources, healthcare, and education. This progress is attributed to factors such as economic growth in developing nations, targeted poverty alleviation programs, and increased international cooperation.
However, despite this progress, millions still live in extreme poverty, emphasizing the continued need for focused efforts. Experts stress the importance of addressing inequalities, promoting sustainable development, and ensuring inclusive economic growth to further reduce poverty rates.
The World Bank and Gapminder data serve as a crucial benchmark for tracking progress and informing policy decisions aimed at eradicating extreme poverty worldwide.
