Publication: September 2024 Update to the Poverty and Inequality Platform (PIP): What’s New
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Date
2024-10-11
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Published
2024-10-11
Author(s)
Aron, Danielle V.
Castaneda Aguilar, R. Andres
Diaz-Bonilla, Carolina
Fujs, Tony H. M. J.
Garcia R., Diana C.
Hill, Ruth
Jularbal, Lali
Lara Ibarra, Gabriel
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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: A 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.
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“Aron, Danielle V.; Castaneda Aguilar, R. Andres; Diaz-Bonilla, Carolina; Fujs, Tony H. M. J.; Garcia R., Diana C.; Hill, Ruth; Jularbal, Lali; Lakner, Christoph; Lara Ibarra, Gabriel; Mahler, Daniel G.; Nguyen, Minh C.; Nursamsu, Samuel; Sabatino, Carlos; Sajaia, Zurah; Seitz, William; Sjahrir, Bambang Suharnoko; Tetteh-Baah, Samuel K.; Viveros Mendoza, Martha C.; Winkler, Hernán; Wu, Haoyu; Yonzan, Nishant. 2024. September 2024 Update to the Poverty and Inequality Platform (PIP): What’s New. Global Poverty Technical Note; No. 39. © World Bank. http://hdl.handle.net/10986/42240 License: CC BY-NC 3.0 IGO.”
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