The
poverty threshold or
poverty line is the minimum level of
income deemed adequate in a particular country. In practice, like the definition of
poverty, the official or common understanding of the poverty line is significantly higher in
developed countries than in
developing countries. In October 2015, the World Bank updated
international poverty line to US$1.90 a day. In 2008, the
World Bank came out with a figure (revised largely due to inflation) of $1.25 at 2005
purchasing-power parity (PPP). The common international poverty line has in the past been roughly $1 a day. At present the number of people living under extreme poverty is likely to fall below 10
ccording to the World Bank projections released in 2015.