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 US to exchange tax information automatically

Bulgaria and the US have already signed an agreement on the automatic exchange of tax information. The document was signed by Deputy Prime Minister and Finance Minister Lyudmila Petkova and US Ambassador to Bulgaria Kenneth Merten. "Administrative..

published on 5/31/24 4:02 PM

Business climate marks improvement of 0.6 points in May

In May, the economic situation in the country improved for a second month in a row. There was an improvement in retail trade, construction and services, but there was a decline marked in industry. In construction, industry and services, no price..

published on 5/30/24 1:12 PM

Within the framework of the budget deficit the government takes on new 3-year debt

The Bulgarian National Bank held an auction for the sale of securities with 3-year maturity at a 3% interest rate. At the auction, the Ministry of Finance offered bonds worth EUR 150 million. Interest will be paid once in 6 months, with the loan..

published on 5/28/24 9:19 AM

WEATHER

Pick city: Sofía

sunshine, cloud, rain and thunder
Min: 11 | Max: 25

BULGARIA IN PICTURES

Which world-famous Bulgarian artist designed QSL cards for Radio Bulgaria?

Business climate marks improvement of 0.6 points in May

In May, the economic situation in the country improved for a second month in a row. There was an improvement in retail trade, construction and services,..

published on 5/30/24 1:12 PM

Bulgaria and US to exchange tax information automatically

Bulgaria and the US have already signed an agreement on the automatic exchange of tax information. The document was signed by Deputy Prime Minister..

published on 5/31/24 4:02 PM

Share

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

More from category

Bulgaria and US to exchange tax information automatically

Business climate marks improvement of 0.6 points in May

Within the framework of the budget deficit the government takes on new 3-year debt

Business climate marks improvement of 0.6 points in May

Bulgaria and US to exchange tax information automatically