Almost half of world population lives below the poverty line, - World Bank

Source : 112 Ukraine

Rate of people living in extreme poverty has decreased by 26% in 25 years
13:20, 17 October 2018

Almost 46% of the world population or 3,4 billion people live on $5,5 per day as the report of the World Bank "Poverty and Shared Prosperity" dedicated to the poverty issue reported.

"More than 1,9 billion people or 26,2% lived for less than $3,2 per day in 2015. about 46% lived for less than $5,5 per day," the message said.

Related: Ukraine’s poverty and insecurity cannot be hidden

According to the report, the rate of people living in extreme poverty (less than $1,9 per day) is decreasing from 36% in 1990 to 10% in 2015.

The least rate of the poor people among the developing countries is in the states of Europe and Central Asia. The countries of East Asia and Pacific region cope with the poverty in the fastest pace. The income of the poorest 40% of the population increased by 4,7% from 2010 until 2015 there. The rate of the distressed people decreased in these regions faster in comparison with other regions.

Related: Billion people escaped extreme poverty since 1999, but 767 million people remain destitute

Earlier it was reported that the poverty rate decreased by 12% in Ukraine in 2017 according to Kyiv International Sociology University.

It was reported that the draft law of the next year's state budget foresees the minimum salary on the level of $132 per month.

As reported earlier, the minimum wage in Ukraine was raised from UAH 3,200 ($122) to UAH 3,724 ($142), since 1 January 2018. In December 2017, the President of Ukraine Petro Poroshenko announced the initiative to raise the minimum wage to UAH 4,100 ($156) in 2018.

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