“Global poverty estimates up to 2023 were updated today on the Poverty and Inequality Platform (PIP), including nowcasted estimates up to 2025. As a result of these combined changes, the global extreme poverty rate in 2022 is revised up from 9.0 to 10.5 percent, corresponding to an increase in the number of individuals living below the international poverty line from 713 to 838 million…While revised poverty lines, underlying data revisions, and changes in PPPs affect the level of poverty, from a historical lens, the trends remain similar. The graph also depicts the updated nowcasts of poverty following the methodology introduced in the September 2024 update. The nowcast suggests a modest decline in the global extreme poverty rate from 10.5 percent in 2022 to 9.9 percent in 2025. Based on the latest data, the South Asia region experienced the most significant decline in extreme poverty between 2022 and 2025.