Data: The World Bank and World Poverty Clock. Note: 1999-2015 World Bank figures are incomplete in South Asia. 2016-2019 figures are World Poverty Clock projections. Chart: Danielle Alberti/Axios
The 2010s may be remembered as the decade when the global 1% accumulated unfathomable wealth, but it was also perhaps the best decade ever for the world’s poorest people.
The big picture: The rate of extreme poverty around the world was cut in half over the past decade (15.7% in 2010 to 7.7% now), and all but eradicated in China.