This indicator measures the proportion of individuals surviving on less than $3.65 per day, adjusting for purchasing power parity as of 2017. It serves as a critical benchmark for assessing the severity of poverty across different regions, reflecting both economic conditions and the effectiveness of social safety nets. By capturing the living standards of the most vulnerable populations, this metric highlights disparities in income distribution and access to essential services. Analysts and policymakers utilize this data to develop targeted strategies for poverty alleviation and to monitor progress towards global goals, particularly in light of rising living costs and inflationary pressures, thereby fostering a deeper understanding of socioeconomic challenges.
Source: