Major Countries Poverty Rate Ranking (2024)
In 2024, poverty rate among major countries was highest in Indonesia at 5.40%, followed by India at 5.30% and Brazil at 3.80%. The average poverty rate across major countries was 1.22%, the median was 0.50%, and China recorded the lowest poverty rate at 0%, according to the World Bank.
Data is available for the period 1963 to 2024 across 19 major countries.
Frequency : Yearly
| Rank | Country | Current Value ↓ | Previous Value | Year |
|---|---|---|---|---|
| 1 | 5.4% | 6.7% | 2024 | |
| 2 | 5.3% | 27.1% | 2022 | |
| 3 | 3.8% | 4.9% | 2023 | |
| 4 | 2.3% | 4.3% | 2022 | |
| 5 | 1.2% | 1.2% | 2020 | |
| 6 | 1.2% | 1.2% | 2023 | |
| 7 | 0.8% | 0.7% | 2022 | |
| 8 | 0.7% | 0.9% | 2022 | |
| 9 | 0.5% | 0.5% | 2018 | |
| 10 | 0.5% | 0.9% | 2022 | |
| 11 | 0.5% | 0.5% | 2021 | |
| 12 | 0.2% | 0.2% | 2020 | |
| 13 | 0.2% | 0.2% | 2020 | |
| 14 | 0.2% | 0.1% | 2021 | |
| 15 | 0.2% | 0% | 2021 | |
| 16 | 0.1% | 0.1% | 2022 | |
| 17 | 0.1% | 0% | 2021 | |
| 18 | 0% | 0% | 2021 |
Major Countries Poverty Rate Ranking (2024) : Definition
Poverty Rate measures the share of the population living on less than $3.00 per day measured in 2021 PPP international dollars; the figure refers to the specified reference year.