WORLD BANK: POVERTY RATES STRIKINGLY HIGH AMONG INDIGENOUS POPULATIONSEthan Freedman
Unemployment rates in low-income countries have remained persistently high, with the employment gap rate increasing from 20 percent in 2018 to 21 percent in 2023. These trends have exacerbated existing income and wealth inequalities globally, the report said. In 2022, the poorest half of the globa...
Nevertheless, poverty is still widespread, and the nation’s economy is driven by agriculture practiced on a small scale. This is largely vulnerable to weather-related shocks. We must be reminded that this is a landlocked country whose main economic activity is agriculture. The country can improve...
Niger’s poverty is partly driven by its harsh desert climate, which limits agricultural productivity and contributes to frequent droughts. Moreover, as a landlocked country, it faces challenges in accessing international markets, exacerbating its reliance on low-income farming. The fertility rate—one...
Thereispoverty, but there is also hope. Our visit prompted us to ask if Ethiopia is still ranked as one of the poorest countries in the world. Despiteplunging into yet another civil warwhich has left hundreds of thousands of people dead, the latestdata from the World Bankshows that Ethiopia...
majority of them low- and middle-income countries. And progress in reducinglearning povertyis far too slow to meet the SDG aspirations: even if countries reduce theirlearning povertyat the fastest rates we have seen so far in this century, the goal of ending it will not be attained by 2030...
PovcalNet is a computational tool that allows users to estimate poverty rates for regions, sets of countries or individual countries, over time and at any poverty line. PovcalNet is managed jointly by the Data and Research Group in the World Bank’s Development Economics Division. It draws ...
rates even though they all fall into the low income country category. In this study, we use option (1) i.e., using the average growth rate of the respective country group mainly because the country specific predictions are not an option to us anymore after we introduce our poverty ...
The world's five highest unemployment rates at the end of 2023 (latest information) were in Africa and occupied Palestine. Eswatini: 37.6% South Africa: 28% Djibouti: 26.3% West Bank and Gaza: 24.4% Botswana: 23.4% Eswatinisuffers from extreme poverty and the world's highest HIV/AIDS prev...
Purchasing Power Parity (PPP)Adjusted GDP in Current International Dollars:This is an alternative way of comparing nominal GDP among countries, adjusting currencies based on whatbasket of goodsthey could buy in those countries rather than currency exchange rates. This is a way to adjust for the di...