Half of the world's poor people live in these 5 countries

The world’s 736 million extreme poor live in five countries as at 2015.
World Bank says the countries are India, Nigeria, Democratic Republic of Congo, Ethiopia, and Bangladesh
The report suggests that Nigeria is now the country with the poorest people in the world using 2018 projections.

India, Nigeria, Democratic Republic of Congo, Ethiopia, and Bangladesh housed half of the world's extremely poor people, according to a World Bank report.

In a recently released Poverty and Shared Prosperity report 2018, titled “Piecing Together the Poverty Puzzle,” by World Bank, 368 million, out of world’s 736 million extreme poor live in the five countries (in descending order) as at 2015.

These countries are also the most populous countries of South Asia and Sub-Saharan Africa, the two regions that together account for 85% (629 million) of the world’s poor.

The report states that “to make significant continued progress towards the global target of reducing extreme poverty (those living on less than $1.90 a day) to less than 3% by 2030, large reductions in poverty in these five countries will be crucial.”

ALSO READ: See the list of top 10 extremely poor countries below

The report using consumption in 2015 for both India and Nigeria based on projections, not direct enumerations of consumption from recent household surveys, suggests that Nigeria is now the country with the poorest people in the world.

These are the countries with the poorest people in the world:

1. India

India's poverty population India's poverty population TwoCircles

Survey year: 2011.5
Number of poor: 175.7 million

2. Nigeria

Poverty rate in Nigeria is alarming Poverty rate in Nigeria is alarming Guardian Nigeria

Survey year: 2009.83
Number of poor: 86.5 million

3. Democratic Republic of Congo

Charcoal dealers in Democratic Republic of the Congo's North Kivu province Charcoal dealers in Democratic Republic of the Congo's North Kivu province Getty Images

Survey year: 2012.4
Number of poor: 55.1 million

4. Ethiopia