The poverty rate at $1.25 a day is the proportion of the population living on less than $1.25 a day, measured at 2005 international prices, adjusted for purchasing power parity (PPP).
Purchasing power parities (PPP) conversion factor, private consumption, is the number of units of a country’s currency required to buy the same amount of goods and services in the domestic market as a U.S. dollar would buy in the United States. This conversion factor is applicable to private consumption.
Millenium Development Goals Indicators, http://mdgs.un.org/unsd/mdg/Metadata.aspx?IndicatorId=1&SeriesId=0, Retrieved on 11.12.2014
Unit of Measurement:
Type of Indicator source:
- Intergovernmental Organisation