Text size

More than 1/5 of Bulgarians live below the poverty line

published on 4/26/24 1:37 PM

Photo: pixabay

The poverty threshold in Bulgaria was BGN 637.92 (EUR 323) per person per month in 2023. This is an increase of 21.3 per cent compared with the previous year, when the indicator was BGN 525.92 (EUR 266), the National Statistical Institute said.

In 2023, 1.3259 million Bulgarians, or 20.6 per cent of the country's population, were below the poverty line. In 2022, it was 1.572 million Bulgarians, or 22.9 per cent of the total population.

The main factor that increases the risk of falling into the poorest group for the majority of the population is their economic activity and participation in the labour market.

56.8 per cent of the poor are unemployed. The working poor represent 11.7% of the country's labour force. More than 2/3 of them are people with no school education. Part-time workers are three times more at risk of poverty than full-time workers.

Последвайте ни и в Google News Showcase, за да научите най-важното от деня!

Radio Bulgaria Economy 2023 national statistical institute ppoverty line

More from category

Bulgaria and North Macedonia reaffirm their commitment to continue the construction of Railway Corridor No. 8

In Brussels, Bulgaria and North Macedonia reaffirmed their commitment to continue the construction of Railway Corridor No. 8 under the TEN-T Regulation, reported the European Commission’s Directorate General for Neighborhood Policy and Enlargement..

published on 10/17/24 8:40 AM

Caretaker Minister of Innovation and Growth Rosen Karadimov

A Taiwanese technology giant wants to build a factory near Plovdiv

A Taiwanese technology giant is negotiating to build a large production facility on the territory of the Trakia Economic Zone near Plovdiv, announced caretaker Minister of Innovation and Growth Rosen Karadimov. He was briefed with the progress of the..

published on 10/16/24 6:14 PM

Susumu Kataoka, president of Japan External Trade Organization

Japanese-Bulgarian business forum is being held in Sofia

A Japanese-Bulgarian business forum is being held in Sofia, organized jointly by the Japan External Trade Organization (JETRO ) and the Bulgaria Invest Agency . "I am leading a delegation of a hundred people, a fact that speaks volumes about..

published on 10/15/24 12:11 PM