4 ms·
WB fixed it in terms of constant International $, with base year 2005 - if I can remember correctly. So it's already inflation adjusted because it's at constant
by abhishivsaxena 11y ago
WB fixed it in terms of constant International $, with base year 2005 - if I can remember correctly. So it's already inflation adjusted because it's at constant prices and not nominal prices.
Having said that, in most developing countries, being on the poverty line would mean that you have just enough for clothing and feeding yourself.
Nevertheless, it's exciting to see millions graduating out of it in just a decade. Specially for me, because I'm Indian.
http://data.worldbank.org/indicator/SI.POV.DDAY http://data.worldbank.org/indicator/SI.POV.DDAY
Population below $1.25 a day is the percentage
of the population living on less than $1.25 a
day at 2005 international prices
Also you might find this interesting - http://econ.worldbank.org/WBSITE/EXTERNAL/EXTDEC/EXTRESEARCH/0,,contentMDK:22510787~pagePK:64165401~piPK:64165026~theSitePK:469382,00.html http://econ.worldbank.org/WBSITE/EXTERNAL/EXTDEC/EXTRESEARCH...
Moreover, the choice between $1.00 a day and $1.25
a day (or even higher lines) makes no difference to
the Bank’s claim that measures of absolute poverty
have fallen in the developing world over 1981-2005.