Medical researchers presented their findings Tuesday at the International Federation of Gynecology and Obstetrics world congress in Cape Town.
Over 1 million babies are stillborn and another 904,000 die soon after birth, according to the study by Save The Children, the Gates Foundation and Johns Hopkins University.
Deaths in Africa and South Asia account for three-quarters of the toll, outnumbering child deaths from malaria and HIV/AIDS.
The report says that many deaths could be prevented with improvements in basic health care.
Only one out of every five babies born in African hospitals are cared for by skilled staff.