Publication: March 2024 Update to the Poverty and Inequality Platform (PIP): What’s New
Loading...
Date
2024-04-01
ISSN
Published
2024-04-01
Editor(s)
Abstract
The March 2024 update to the Poverty and Inequality Platform (PIP) involves several changes to the data underlying the global poverty estimates. In particular, some welfare aggregates have been revised, and the CPI, national accounts, and population input data have been updated. This document explains these changes in detail and the reasoning behind them. Moreover, 101 new country-years have been added, bringing the total number of surveys to more than 2,300. Depending on the availability of recent survey data, global and regional poverty estimates are reported up to 2022. This is the first time PIP is reporting global poverty estimates post-2019, covering the period of the COVID-19 pandemic.
Link to Data Set
Citation
“Castaneda Aguilar, R. Andres; Castillo, Adriana; Devpura, Nancy P.; Dewina, Reno; Diaz-Bonilla, Carolina; Edochie, Ifeanyi; Farfan Bertran, Maria G.; Fernandez Romero, Jaime; Foster, Elizabeth; Fujs, Tony H. M. J.; Gonzalez Icaza, Maria F.; Jolliffe, Dean; Knippenberg, Erwin W.; Krishnan, Nandini; Lakner, Christopher; Lara Ibarra, Gabriel; Lestani, Diego G.; Mahler, Daniel G.; Montalvo Talledo, Veronica S.; Montes, Jose; Nguyen, Minh C.; Olivieri, Sergio; Paffhausen, Anna Luisa; Redaelli, Silvia; Saavedra, Trinidad B.; Sanchez Castro, Diana M.; Tetteh-Baah, Samuel K.; Viveros Mendoza, Martha C.; Wu, Haoyu; Yonzan, Nishant; Yoshida, Nobuo. 2024. March 2024 Update to the Poverty and Inequality Platform (PIP): What’s New. Global Poverty Monitoring Technical Note; 36. © World Bank. http://hdl.handle.net/10986/41341 License: CC BY-NC 3.0 IGO.”
Associated URLs
Associated content
Other publications in this report series
Journal
Journal Volume
Journal Issue
Collections
Related items
Showing items related by metadata.
Publication April 2022 Update to the Poverty and Inequality Platform (PIP)(World Bank, Washington, DC, 2022-04)The April 2022 update to the newly launched Poverty and Inequality Platform (PIP) involves several changes to the data underlying the global poverty estimates. Some welfare aggregates have been changed for improved harmonization, and the CPI, national accounts, and population input data have been updated. This document explains these changes in detail and the reasoning behind them. Moreover, a large number of new country-years have been added, bringing the total number of surveys to more than 2,000. These include new harmonized surveys for countries in West Africa, new imputed poverty estimates for Nigeria, and recent 2020 household survey data for several countries. Global poverty estimates are now reported up to 2018 and earlier years have been revised.Publication September 2023 Update to the Poverty and Inequality Platform (PIP)(World Bank, Washington, DC, 2023-10-11)The September 2023 update to the Poverty and Inequality Platform (PIP) involves several changes to the data underlying the global poverty estimates. In particular, some welfare aggregates have been revised, and the CPI, national accounts, and population input data have been updated. This document explains these changes in detail and the reasoning behind them. Moreover, 63 new country-years have been added, bringing the total number of surveys to more than 2,200. Global poverty estimates are reported up to 2019 and earlier years have been revised. Regional poverty estimates in 2020 and 2021 are reported only for regions with sufficient survey data coverage during the COVID-19 pandemic.Publication September 2024 Update to the Poverty and Inequality Platform (PIP)(Washington, DC: World Bank, 2024-10-11)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.Publication March 2021 PovcalNet Update(World Bank, Washington, DC, 2021-03)The March 2021 update to PovcalNet involves several changes to the data underlying the global poverty estimates. Some welfare aggregates have been changed for improved harmonization, and the CPI, national accounts, and population input data have been updated. This document explains these changes in detail and the reasoning behind them. In addition to the changes listed here, a large number of new country-years have been added, resulting in a total number of surveys of more than 1,900. Moreover, this update includes important revisions to the historical survey data and for the first time, poverty estimates based on imputed consumption data.Publication September 2022 Update to the Poverty and Inequality Platform (PIP)(World Bank, Washington, DC, 2022-09)The September 2022 update to the Poverty and Inequality Platform (PIP) involves two changes to the data underlying the global poverty estimates. First, this update adopts the 2017 Purchasing Power Parities (PPPs) as announced by the World Bank in May 2022. Second, this update includes five new rounds of survey data for India, making it possible to monitor poverty in the country between 2015 and 2019. This document explains these changes in detail and the reasoning behind them.
Users also downloaded
Showing related downloaded files
Publication Supporting Youth at Risk(World Bank, Washington, DC, 2008)The World Bank has produced this policy Toolkit in response to a growing demand from our government clients and partners for advice on how to create and implement effective policies for at-risk youth. The author has highlighted 22 policies (six core policies, nine promising policies, and seven general policies) that have been effective in addressing the following five key risk areas for young people around the world: (i) youth unemployment, underemployment, and lack of formal sector employment; (ii) early school leaving; (iii) risky sexual behavior leading to early childbearing and HIV/AIDS; (iv) crime and violence; and (v) substance abuse. The objective of this Toolkit is to serve as a practical guide for policy makers in middle-income countries as well as professionals working within the area of youth development on how to develop and implement an effective policy portfolio to foster healthy and positive youth development.Publication State and Trends of Carbon Pricing 2024(Washington, DC: World Bank, 2024-05-21)This report provides an up-to-date overview of existing and emerging carbon pricing instruments around the world, including international, national, and subnational initiatives. It also investigates trends surrounding the development and implementation of carbon pricing instruments and some of the drivers seen over the past year. Specifically, this report covers carbon taxes, emissions trading systems (ETSs), and crediting mechanisms. Key topics covered in the 2024 report include uptake of ETSs and carbon taxes in low- and middle- income economies, sectoral coverage of ETSs and carbon taxes, and the use of crediting mechanisms as part of the policy mix.Publication Commodity Markets Outlook, October 2024(Washington, DC: World Bank, 2024-10-29)Commodity prices are expected to decrease by 5 percent in 2025 and 2 percent in 2026. The projected declines are led by oil prices but tempered by price increases for natural gas and a stable outlook for metals and agricultural raw materials. The possibility of escalating conflict in the Middle East represents a substantial near-term upside risk to energy prices, with potential knock-on consequences for other commodities. However, over the forecast horizon, longer-term dynamics—including decelerating global oil demand, diversifying oil production, and ample oil supply capacity—suggest sizable downside risks to oil prices, especially if OPEC+ unwinds its latest production cuts. There are also dual risks to industrial commodity demand stemming from economic activity. On the one hand, concerted stimulus in China and above-trend growth in the United States could push commodity prices higher. On the other, weaker-than-anticipated global industrial activity could dampen them. Following several overlapping global shocks in the early 2020s, which drove parallel swings in commodity prices, commodity markets appear to be departing from a period of tight synchronization. A Special Focus analyzes commodity price synchronization over time and considers the relative importance across commodity cycles of a wide range of demand and supply shocks, including global demand shocks and shocks specific to different commodity markets. It concludes that, while supply shocks were the dominant commodity price driver in the early 2000s and around the global financial crisis, post-pandemic price movements have been more substantially shaped by commodity-specific shocks, such as those related to conflicts.Publication Europe and Central Asia Economic Update, Fall 2024: Better Education for Stronger Growth(Washington, DC: World Bank, 2024-10-17)Economic growth in Europe and Central Asia (ECA) is likely to moderate from 3.5 percent in 2023 to 3.3 percent this year. This is significantly weaker than the 4.1 percent average growth in 2000-19. Growth this year is driven by expansionary fiscal policies and strong private consumption. External demand is less favorable because of weak economic expansion in major trading partners, like the European Union. Growth is likely to slow further in 2025, mostly because of the easing of expansion in the Russian Federation and Turkiye. This Europe and Central Asia Economic Update calls for a major overhaul of education systems across the region, particularly higher education, to unleash the talent needed to reinvigorate growth and boost convergence with high-income countries. Universities in the region suffer from poor management, outdated curricula, and inadequate funding and infrastructure. A mismatch between graduates' skills and the skills employers are seeking leads to wasted potential and contributes to the region's brain drain. Reversing the decline in the quality of education will require prioritizing improvements in teacher training, updated curricula, and investment in educational infrastructure. In higher education, reforms are needed to consolidate university systems, integrate them with research centers, and provide reskilling opportunities for adult workers.Publication Digital Progress and Trends Report 2023(Washington, DC: World Bank, 2024-03-05)Digitalization is the transformational opportunity of our time. The digital sector has become a powerhouse of innovation, economic growth, and job creation. Value added in the IT services sector grew at 8 percent annually during 2000–22, nearly twice as fast as the global economy. Employment growth in IT services reached 7 percent annually, six times higher than total employment growth. The diffusion and adoption of digital technologies are just as critical as their invention. Digital uptake has accelerated since the COVID-19 pandemic, with 1.5 billion new internet users added from 2018 to 2022. The share of firms investing in digital solutions around the world has more than doubled from 2020 to 2022. Low-income countries, vulnerable populations, and small firms, however, have been falling behind, while transformative digital innovations such as artificial intelligence (AI) have been accelerating in higher-income countries. Although more than 90 percent of the population in high-income countries was online in 2022, only one in four people in low-income countries used the internet, and the speed of their connection was typically only a small fraction of that in wealthier countries. As businesses in technologically advanced countries integrate generative AI into their products and services, less than half of the businesses in many low- and middle-income countries have an internet connection. The growing digital divide is exacerbating the poverty and productivity gaps between richer and poorer economies. The Digital Progress and Trends Report series will track global digitalization progress and highlight policy trends, debates, and implications for low- and middle-income countries. The series adds to the global efforts to study the progress and trends of digitalization in two main ways: · By compiling, curating, and analyzing data from diverse sources to present a comprehensive picture of digitalization in low- and middle-income countries, including in-depth analyses on understudied topics. · By developing insights on policy opportunities, challenges, and debates and reflecting the perspectives of various stakeholders and the World Bank’s operational experiences. This report, the first in the series, aims to inform evidence-based policy making and motivate action among internal and external audiences and stakeholders. The report will bring global attention to high-performing countries that have valuable experience to share as well as to areas where efforts will need to be redoubled.