Purchasing Power Parity - Global Poverty Line

Global Poverty Line

The global poverty line is a worldwide count of people who live below an international poverty line, referred to as the dollar-a-day line. This line represents an average of the national poverty lines of the world's poorest countries, expressed in international dollars. These national poverty lines are converted to international currency and the global line is converted back to local currency using the PPP exchange rates from the ICP.

Read more about this topic:  Purchasing Power Parity

Famous quotes containing the words global, poverty and/or line:

    Much of what Mr. Wallace calls his global thinking is, no matter how you slice it, still “globaloney.” Mr. Wallace’s warp of sense and his woof of nonsense is very tricky cloth out of which to cut the pattern of a post-war world.
    Clare Boothe Luce (1903–1987)

    Almighty Father, forgive me for saying the words I did in anger, shaming him for his poverty and blaming him for mine. And for putting the idea in his head. Forgive him. Forgive him. He didn’t know what he was doing.
    Dudley Nichols (1895–1960)

    We have not passed that subtle line between childhood and adulthood until we move from the passive voice to the active voice—that is, until we have stopped saying “It got lost,” and say, “I lost it.”
    Sydney J. Harris (b. 1917)