News / National
Zimbabwe classified as low income country by World bank
02 Nov 2015 at 15:58hrs | Views
The ZimStart has reported that the World Bank has classified Zimbabwe as the low income country with an average Zimbabwean living on $3.24 a day in September.
This was according to the World Bank's Bank updated international poverty line of $1.90 a day while the old line was at $1.25.
Latest available data show that 72% of the population lives below the poverty lines amid revelations that the total consumption poverty line (TCPL) for Zimbabwe stood at $97.31 per person. Details show that this represents a decrease of 0.58% when compared to August 2015 figure of $97.88.
TCPL for an average five persons stood at $486.56, a decrease of 0.58% when compared to the August figure of $489.51.
Food Poverty Line for one person stood at $30.86 from $31.04. The FPL which is at $1.03 a day represents the minimum consumption expenditure necessary to ensure that each household member can consume a minimum food basket representing 2 100 calories.
The FPL for an average of five families stood at $154.32 a decrease of 0.6% from the August figure of $155.22.
No details were included in the index provided but differences in costs between different parts of the country are shown.
Compared to $486.56, the average cost for the basic requirements for a family of five for the whole country, the figure for Harare is at $488.83, Bulawayo at $501.94, Manicaland at $438.30, Mash Central at $484.24, Mashonaland East at $460.26, Mashonaland West $466.98, Matabeleland North $570.61, Matabeleland South $548.55, Midlands $431.24 and Masvingo $492.22.
This was according to the World Bank's Bank updated international poverty line of $1.90 a day while the old line was at $1.25.
Latest available data show that 72% of the population lives below the poverty lines amid revelations that the total consumption poverty line (TCPL) for Zimbabwe stood at $97.31 per person. Details show that this represents a decrease of 0.58% when compared to August 2015 figure of $97.88.
TCPL for an average five persons stood at $486.56, a decrease of 0.58% when compared to the August figure of $489.51.
Food Poverty Line for one person stood at $30.86 from $31.04. The FPL which is at $1.03 a day represents the minimum consumption expenditure necessary to ensure that each household member can consume a minimum food basket representing 2 100 calories.
The FPL for an average of five families stood at $154.32 a decrease of 0.6% from the August figure of $155.22.
No details were included in the index provided but differences in costs between different parts of the country are shown.
Compared to $486.56, the average cost for the basic requirements for a family of five for the whole country, the figure for Harare is at $488.83, Bulawayo at $501.94, Manicaland at $438.30, Mash Central at $484.24, Mashonaland East at $460.26, Mashonaland West $466.98, Matabeleland North $570.61, Matabeleland South $548.55, Midlands $431.24 and Masvingo $492.22.
Source - news
