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The proportion of people in developing countries living on less than $1.90 per day has fallen from 35 percent in 1990 to 10.68 percent in 2013. There has been a substantial reduction in global poverty. However, the reduction is marked with great regional differences. Due to rapid economic growth and massive investment in human resource development, poverty has declined substantially in China and Southeast Asian countries.
In South Asian countries (India, Pakistan, Sri Lanka, Nepal, Bangladesh, Bhutan), the decline has also been rapid. In Sub-Saharan Africa, poverty has declined from 54 percent in 1990 to 41 percent in 2013. It has also resurfaced in some of the former socialist countries like Russia, where officially it was non-existent earlier. In Latin America, the ratio of poverty has also declined from 16% in 1990 to 5.4% in 2013.