Poverty in Mongolia continued to declineStaff writer ▼ | July 3, 2015
The National Statistical Office of Mongolia and the World Bank jointly announced the poverty estimates for 2014.
Statistics From 27.4% in 2012 to 21.6% in 2014
Ever since 2002, the National Statistical Office (NSO) and the World Bank have engaged in extensive co-operation involving building capacity of the statistical staff on developing a methodology for Household Income Expenditure and Living Standards Surveys and poverty measurement.
An example of this long standing cooperation is the development of a credible methodology that can accurately demonstrate changes in the livelihoods of the Mongolian population, jointly estimating their outcomes and putting a stop to disagreements over poverty estimates in Mongolia.
The results show that the poverty rate declined from 27.4 percent in 2012 to 21.6 percent in 2014. The poverty depth was 5.2 and the poverty severity index was 1.9.
The reduction in poverty by 5.8 percentage points in two years is a significant achievement even by most international standards, but it also attests to a slowdown in the pace of poverty reduction between 2012 and 2014, when compared to the 2010-2012 period when poverty declined by more than 11 percentage points. ■