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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.

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Radio Bulgaria Economy 2023 national statistical institute ppoverty line