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Thursday, November 09, 2017

Fact of the Day

A new system implemented by the World Bank to measure the number of people who live below the poverty line has meant that in Brazil the number has risen from 8.9 million to 45.5 million, which is almost a third of the population.

The WB has added to its traditional measurement of the poverty line, (US$ 1.90 per day per capita) other indicators tailored to the reality of each country.
A new line has been set at US$ 3.20, which represents the average poverty line for low income countries. Another line has been set at US$ 5.50 per day, which corresponds to the average poverty line for higher middle-income countries, which includes Brazil.

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