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Data Report · Economy & Society · 2024

Global Extreme Poverty: People Living Below USD 3.00 a Day

World Bank September 2026 update: 824.3 million people, 10.1% of the world, lived below the USD 3.00 a day poverty line in 2024.

  • Updated October 1, 2026
  • 5 min read
  • 4 sources
  • Global

Executive Summary

The World Bank's September 2026 update estimates that 824.3 million people, 10.1% of the world's population, lived in extreme poverty in 2024. Extreme poverty is defined as living on less than USD 3.00 a day in 2021 PPP terms, a line raised from USD 2.15 in June 2025. Nowcasts show the rate declining only marginally to 9.8% in 2026. Poverty is concentrated in Sub-Saharan Africa and in the Middle East, North Africa, Afghanistan and Pakistan region.

Key Numbers

People in extreme poverty
824.3M[1]
Below USD 3.00 a day (2021 PPP), 2024
Extreme poverty rate
10.1%[1]
Share of world population, 2024
Poverty rate nowcast
9.8%[1]
World Bank nowcast for 2026
International poverty line
$3.00/day[2]
Per person, 2021 PPP; raised from $2.15 in June 2025
Projected rate in 2030
9%[2]
World Bank projection made with the June 2025 data

Charts

Global extreme poverty rate, 2024 and 2026 nowcast

Share of the world population below USD 3.00 a day (2021 PPP). 2026F is a World Bank nowcast.

  • 2024
    10.1%
  • 2026F
    9.8%
Unit: % · 2024-2026Source: [1] World Bank
Revision to extreme poverty estimates for 2022 from the June 2025 update

Change in the number of people in extreme poverty in 2022 from moving to the USD 3.00 line, 2021 PPPs and new survey data.

  • Global
    125M
  • Sub-Saharan Africa
    111M
  • South Asia
    -45M
Unit: million people · 2022Source: [2] World Bank

Overview

More than 824 million people, about one in ten worldwide, lived in extreme poverty in 2024 [1]. The World Bank published these estimates in September 2026 on its Poverty and Inequality Platform, with data through 2024 and nowcasts for 2025 and 2026 [1].

Extreme poverty means living on less than USD 3.00 per person per day in 2021 purchasing power parity (PPP) terms [1]. The global rate is projected to decline only marginally, from 10.1% in 2024 to 9.8% in 2026 [1].

The June 2025 Poverty Line Update

In June 2025 the World Bank raised the international poverty line from USD 2.15 (2017 PPP) to USD 3.00 (2021 PPP), using updated price data and national poverty lines from over 160 countries [4]. The new PPPs, the new line and new survey data together raised the estimate of extreme poverty by about 125 million people in 2022 [2].

The revision was not uniform. South Asia had about 45 million fewer people in extreme poverty, while Sub-Saharan Africa had an additional 111 million [2]. Every other region was also revised upward [2].

Regional Analysis

Extreme poverty rates are below 5% in all regions except two: the Middle East, North Africa, Afghanistan and Pakistan region, and Sub-Saharan Africa [1]. Poverty is rising in the first and remains high in the second [1]. The UN SDG Report 2025 notes that by 2025 more than three-quarters of the global extreme poor live in Sub-Saharan Africa or in fragile and conflict-affected countries [4].

Higher Poverty Lines

The World Bank also tracks higher lines for middle-income economies. Almost one in five people live on less than USD 4.20 a day, the line for lower-middle-income economies [3]. Nearly half the global population lives on less than USD 8.30 a day, the line for upper-middle-income economies [3].

Recent Revisions

Compared with the March 2026 data vintage, the September 2026 update revised global poverty down by 0.3 percentage points, or 22.5 million people, from about 10.4% (846.8 million) to 10.1% (824.3 million) [1]. The main driver was a lower poverty rate in South Asia after a new survey replaced earlier extrapolation [1].

With the June 2025 data, the World Bank projected that 9% of the world would still live in extreme poverty by 2030 [2]. That leaves the SDG target of eradicating extreme poverty, and the World Bank goal of 3% or less by 2030, out of reach [2].

Methodology

Headline figures come from the World Bank September 2026 Poverty and Inequality Platform update [1]. Details of the June 2025 poverty line change come from the World Bank factsheet [2] and the UN SDG Report 2025 [4]. Higher poverty line shares come from the World Bank measuring poverty page [3].

All lines are per person per day in 2021 PPP dollars. The 2024 estimate is the latest year with sufficient survey coverage; 2025 and 2026 are nowcasts and 2030 is a projection. Figures from different data vintages are not directly comparable.

Sources

  1. [1]

    September 2026 Global Poverty Update from the World Bank: One in ten worldwide live in extreme poverty / World Bank / 2026-09 / Accessed October 1, 2026 / View source

  2. [2]

    June 2025 Update to Global Poverty Lines / World Bank / 2025-06-05 / Accessed October 1, 2026 / View source

  3. [3]

    Measuring Poverty / World Bank / Accessed October 1, 2026 / View source

  4. [4]

    The Sustainable Development Goals Report 2025: Goal 1 / United Nations Statistics Division / 2025 / Accessed October 1, 2026 / View source

Figures are reproduced from the publishers above. Calculations marked as our own are derived from these figures. Always check the original source before using a number.