This indicator represents the average extent to which individuals fall below the poverty threshold of $2.15 per day, adjusted for purchasing power parity in 2017. By calculating the shortfall in income or consumption, it provides a nuanced perspective on wealth deficiency within populations, highlighting not just the number of people living in poverty, but the severity of their economic hardship. Additionally, it emphasizes the disparity between the needs of the impoverished and the established poverty line, allowing policymakers and researchers to identify priority areas for intervention. Together with its focus on both depth and prevalence, this measure serves as a critical tool to assess the effectiveness of poverty alleviation strategies and to promote informed economic planning.
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