Top 10 Countries in the World with the Lowest Rate of Poverty

Poverty is one of the biggest problems facing modern nations. According to United Nations projections, an estimated 7% of the world’s population could still live in poverty in 2030 if current conditions remain constant. The number reaches approximately 575 million people. For this reason, several countries, including India, have made poverty alleviation a priority. In 2023, UNDP reported that the country had successfully lifted 415 million people out of poverty in the 15 years from 2005/06 to 2019/21. In other words, the country has halved multidimensional poverty in less than 20 years. Please note that data for 2020 is missing due to the COVID-19 pandemic.

Look at 10 countries with the lowest poverty rate in the world.

10. Slovakia

• Poverty rate (2021): 0.1D
• World average poverty rate (2021): 9.5D
• GDP per capita growth rate (2023): 15.08D

Slovakia, officially known as the Slovak Republic, is one of the largest countries in the world. lowest poverty rate in the world. In 2021, only 0.1% of the country’s population lives on less than $2.15 a day, placing the country in 10th place on the list.

9. Poland

• Poverty rate (2021): 0.1D
• World average poverty rate (2021): 9.5D
• GDP per capita growth rate (2023): 22.08D

Poland has the lowest poverty rate in the world It’s not just one thing. However, the country’s per capita GDP growth rate is also the highest on this list, at 22% in 2023. Therefore, this country ranks 9th in the ranking.

8. UAE

• Poverty rate (2018): 0D
• World average poverty rate (2018): 8.8D
• GDP per capita growth rate (2023): -1.55D

The absolute poverty rate in the UAE is 0%. means that in 2018 he had no resident living on less than $2.15 per day. In terms of GDP per capita, the United Arab Emirates is also one of the richest countries in the world.

7. Iceland

• Poverty rate (2017): 0D
• World average poverty rate (2017): 9.6D
• Per capita GDP growth rate (2023): 5.69D

Iceland continues to be in crisis due to two factors We were able to keep poverty to a low level. This includes wage negotiations and strong trade unions. This is why Iceland has one of the lowest poverty rates in the world.

6. Finland

• Poverty rate (2021): 0D
• World average poverty rate (2021): 9.5D
• GDP per capita growth rate (2023): 6.81D

In 2008, Finland introduced a “housing first” policy to reduce homelessness. Introduced. From 2008 to 2020, the number of homeless people in the country decreased by 47%. Furthermore, the number of homeless people living in boarding houses and dormitories decreased by 76% from 2008 to 2017. Both figures were reported by Housing First Europe. This was one of the key measures to combat poverty in the country.

5. Belgium

• Poverty rate (2021): 0D
• World average poverty rate (2021): 9.5D
• GDP per capita growth rate (2023): 7.65D

Belgium’s poverty rate based on the poverty line of $2.15 is 0 %It has one of the lowest poverty rates in the world. Additionally, the country’s per capita GDP growth rate is 7.65%, which ranks it fifth on the list.

4. Germany

• Poverty rate (2019): 0D
• World average poverty rate (2019): 8.9D
• Per capita GDP growth rate (2023): 8.34D

Germany has taken several measures to fight poverty, including: We are taking the following measures. B. Increase housing and child subsidies to help the long-term unemployed return to the labor market. These practices allow the country to maintain poverty at a minimum level.

3. Switzerland

• Poverty rate (2020): 0D
• World average poverty rate (2020): 9.7D
• GDP per capita growth rate (2023): 9.83D

On June 30, 2022, UNDP announced that Switzerland It reported that it was US$55 million. The agency has committed to providing funding to address poverty issues around the world. This makes Switzerland one of the countries working to reduce poverty not only domestically but also globally.

2. Cyprus

• Poverty rate (2021): 0D
• World average poverty rate (2021): 9.5D
• GDP per capita growth rate (2023): 10.58D

Poverty in Cyprus has increased due to the COVID-19 pandemic. Despite this increase, the country has managed to keep absolute poverty below the First International Poverty Line of $2.15, making it one of the least poverty-stricken countries in the world.

1. Slovenia

• Poverty rate (2021): 0D
• World average poverty rate (2021): 9.5D
• Per capita GDP growth rate (2023): 13.40D

By introducing practices such as free kindergarten education; Slovenia has become one of the leading countries in the world. A country with the lowest poverty rate in the world. That’s why it’s first on our list.