A new World Bank report reveals that out of the world’s 736 million extreme poor in 2015, 368 million—half of the total—lived in just 5 countries, including Ethiopia. The 5 countries with the highest number of extreme poor are (in descending order): India, Nigeria, Democratic Republic of Congo, Ethiopia, and Bangladesh. In the South Asia region, four out of five extreme poor reside in India. Despite a poverty rate of 13.4 percent, India’s large population of 1.3 billion results in a high number of extreme poor. Piecing Together the Poverty Puzzle presents a new measure of societal poverty, integrating the absolute concept of extreme poverty and a notion of relative poverty reflecting differences in needs across countries.
Source: News Business Ethiopia January 11, 2019 10:08 UTC