Hungary Second In EU In Growth Of Poverty Risk

  • 6 Nov 2014 9:00 AM
Hungary Second In EU In Growth Of Poverty Risk
Hungary was second only to Greece in the pace of growth of the proportion of people at risk of poverty or social exclusion from 2008 to 2013 in the 28-member EU, a fresh set of data from Eurostat reveals.

In Hungary, 3.29 million people or 33.5% of the total population were under at least one of the three criteria in 2013: at risk of poverty after social transfers, severely materially deprived and/or living in households with very low work intensity, mostly those who live in a household with a disposable income below the risk-of-poverty threshold.

In 2008, people in Hungary at risk of poverty or social exclusion numbered 2.79 million or 28.2% of the population, Eurostat said. A faster growth, 7.6 points to 35.7%, was registered only in Greece in the period.

Although ratios of people at risk of poverty or social exclusion have grown in most EU-countries during the period, altogether in 21 countries, Hungary was in the group of only five member states where the ratio was higher than a third of the total population: Bulgaria (48.0 %), Romania (40.4 %), Greece (35.7 %) and Latvia (35.1 %).

The lowest shares of persons being at risk of poverty or social exclusion were recorded in the Czech Republic (14.6 %), the Netherlands (15.9 %), Finland (16.0 %) and Sweden (16.4 %) in 2013.

On the EU average, the proportion of persons at risk of poverty or social exclusion in 2013, 24.5 %, has slightly decreased compared with 24.8 % in 2012 but was higher than the 23.8 % in 2008.

Source www.hungarymatters.hu

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