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World Bank reports 37% drop in Iran’s poverty headcount ratio in two years

IRNA , 20 Apr 2024 - 21:48

Reporter : Editorial of The Iran Project

A recent report by the World Bank suggests that the percentage of the Iranian population living below the poverty line has declined by 37% over the past two years.

According to The Iran Project,The World Bank report is based on an extreme poverty line of $2.15 per person per day.

According to the report the Iranian population living below the poverty line accounted for 0.8% of the country’s population in 2020 when President Ebrahim Raisi took power.

One year into Raisi’s government in 2021, the percentage shrank to 0.7 and it further decreased to 0.5% in 2022.

The World Bank data indicates that the extreme poverty in Iran has declined by 37% in two years.

It also underscores that Iran’s poverty headcount ratio has posted a five-year low in 2022.

Story Code: 420003

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The Iran Project