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

The 2026 budget provides for EUR 10.5 billion in new debt and a 3% deficit

Bulgaria’s Ministry of Finance has published the draft state budget in euros for 2026. The country’s GDP is projected to reach EUR 120.1 billion, with an economic growth rate of 2.7%. Planned revenues amount to EUR 51.436 billion, or 42.8% of GDP...

published on 11/4/25 9:08 AM

Bulgaria is among the EU countries with the highest percentage of workers at risk of poverty

In 2024, 8.2% of people aged 18 or over who declared to be at work (either employed or self-employed) in the EU were at risk of poverty, according to data from Eurostat, cited by the BNR's Horizont channel. In Bulgaria, this share reached 11.8%. The..

published on 11/3/25 3:14 PM

Trade unions in Bulgaria oppose planned minimum wage of 605 euros, prepare protest

The two largest trade unions in Bulgaria - the Confederation of Independent Trade Unions in Bulgaria and the Confederation of Trade Unions "Podkrepa" - are organizing a warning protest in front of the Council of Ministers building. It is planned for..

published on 10/29/25 2:42 PM