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Share in extreme poverty: Cost of basic needs approach vs. living on less than $1.90 a day
The ‘cost of basic needs’ approach represents the share of the population unable to meet basic needs according to prices of locally-available goods and services at the time. The International Poverty Line of $1.90 per day is an absolute global threshold to measure extreme poverty set by the World Bank.
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Michalis Moatsos (2021)
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