| The percentage of persons with disposable income lower than international poverty threshold, which is defined as daily disposable income in the amount of $ 2.15. Aiming at elimination of differences in measuring poverty of people living in different countries purchasing power parities (PPP) were used.PPPs are types of currency exchange rates that are used to convert economic indicators expressed in local currencies to a common conventional currency. As the socio-economic realities evolve, the international poverty line has to be periodically updated. TThe current threshold was set in September 2022. Prior to that, in the 2015 update the World Bank set the international poverty line at $1.9, and before - at $1.25 (according to the update from 2008). |
