September 2024 Update to the Poverty and Inequality Platform (PIP): What's New

Danielle Aron, R. Andres Castaneda Aguilar, Carolina Diaz-Bonilla, Tony Fujs, Diana Garcia Rojas, Ruth Hill, Lali Jularbal, Christoph Lakner, Gabriel Lara Ibarra, Daniel Mahler, Minh Nguyen, Samuel Nursamsu, Carlos Sabatino, Zurab Sajaia, William Seitz, Bambang Sjahrir, Samuel Tetteh-Baah, Martha Viveros Mendoza, Hernan Winkler, Haoyu Wu and Nishant Yonzan

No 39, Global Poverty Monitoring Technical Note Series from The World Bank

Abstract: The September 2024 update to the Poverty and Inequality Platform (PIP) introduces several changes to the data underlying the global poverty estimates. This document details these changes and the methodological reasons behind them. The database now includes 16 new country-years, bringing the total number of surveys to nearly 2,400. This update incorporates new methodologies for measuring global poverty and introduces new indicators of shared prosperity: the Prosperity Gap and the number of economies with high income inequality. It also incorporates two new analytical dashboards: growth incidence curves and poverty decompositions. Depending on the availability of recent survey data, global and regional poverty estimates are reported up to 2022. For the first time, PIP also includes country-level, regional, and global poverty nowcast estimates up to 2024. The September 2024 PIP update presents the poverty and inequality data underlying the forthcoming World Bank’s Poverty, Prosperity, and Planet Report 2024.

Pages: 36 pages
Date: 2024-09
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