Brookings Institute have analyzed the poverty and project there could be fewer than 600 million living on less than $1.25 per day in 2015. In 2009, there were World Bank projections that there would be 1 billion living on less than $1.25 per day in 2015 and 800 million in 2020. Therefore, poverty statistics are catching up to the reality of an improved situation.
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The World Bank has a different view, which likely has statistical errors.![]()
Irregardless the trends are matching and by 2020, so long as India, China and Asia do not have sudden and massive economic underperformance there should be almost no one living with less than $1.25/day in Asia. This would leave about 350 million people living with less than $1.25/day mainly in Africa. Nigeria is actually doing pretty well economically and is expected to account for 90-100 million of the extremely poor in 2015. If Nigeria continues to do well then they could make a lot of progress against poverty by 2020. A reachable positive scenario is to have less than 200 million living with less than $1.25/day.It is also conceivable to have less than 1 billion living on less than $2/day in 2020.
