“In 1995, an estimated 55 percent of Nepalis lived in extreme poverty, defined by the US$ 2.15 per day threshold. By 2023, this figure had plummeted to just 0.37 percent. The speed and scale of Nepal’s success in eliminating extreme poverty are unparalleled among its peers. Moreover, this progress was not confined to extreme poverty. The broad-based and deep reduction is evident in the poverty headcount ratio measured at US$ 6.85 per day, which fell from 90 percent to below 50 percent over the same time.”

From World Bank.