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What does moving to the 2017 PPPs and new international poverty lines mean for Nigeria?

In September 2022, the World Bank is set to launch a series of new international poverty lines, as the data on prices that are used compare different countries are being updated. This has profound implications for poverty estimates in some countries. Nigeriaโ€™s poverty rate at the new extreme international poverty line of $2.15 in 2017 prices is about 8 percentage points lower than at the previous line of $1.90 in 2011 prices. This represents a difference of more than 15 million people. Nigeria...
Nigerian Living Standards Survey Household Survey Nigeria National Bureau Of Statistics World Bank Sub Saharan Africa Living Standards Survey

September 2022 global poverty update from the World Bank: 2017 PPPs and new data for India

As a result of the adoption of the 2017 PPPs, the global poverty lines have been revised: The international poverty line, used to define extreme global poverty, is now revised to US$2.15 from US$1.90. Poverty lines for other sets of countries have also been revised upwards.
Atkinson Commission Sustainable Development Goals World Bank Consumer Pyramids Household Survey Inequality Platform Power Parities

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