Multidimensional Poverty Index
Multidimensional Poverty Index (MPI) is a relatively new measure of poverty. It was developed by the United Nations Development Programme (UNDP) in conjunction with Oxford Poverty and Human Development Initiative (OPHI) in 2010.
The conventional way of measuring poverty is by considering the amount of money a person has. But MPI goes beyond that by taking into account the lack of access to basic needs. Ten indicators are investigated across three areas or dimensions. Each dimension has a total weighting of 33.3%.
A person is considered multidimensionally poor if he or she is deprived in three (33%) or more weighted indicators.