Ooni Koda
  1. Home
  2. /
  3. Newsfeed
  4. /
  5. One in five Romanians affected by poverty in...

One in five Romanians affected by poverty in 2022

December 18, 2023

One in five Romanians was affected by poverty last year, and if pensions and other social transfers had not been paid, almost half of the population (45%) would have been below the relative poverty line, according to the National Institute of Statistics' data, published on Friday.The highest incidence of poverty was found among people aged 0-17 years (27.0%) and those aged 18-24 years (26.5%).The poverty rate of people living in households with minors and dependent young people aged 18-24 years was 23.5% in 2022, higher by 5.2 percentage points than that of people living in households without minors and dependent young people.The acute lack of financial resources makes some people unable to afford to own goods, make payments or consume products that, in the current stage of economic and social development, represent a minimum of elements necessary for a decent living.In 2022, the severe material and social deprivation rate was 24.3%, up 1.2 percentage points from the previous year.The total number of people affected by severe material and social deprivation in 2022 was 4.594 million people, of which 46.8% were men and 53.2% women. Severe material and social deprivation affects the population with varying intensity depending on the age group and household income. In 2022, the incidence of severe material and social deprivation is higher mainly in older people up to 18 years (30.8%) and elderly people aged 65 and over (25.8%).The at-risk-of-poverty or social exclusion rate (AROPE) was 34.4% in 2022, corresponding to 6.5 million people.Age plays an important role, with the AROPE indicator being higher in 2022 in people aged 0-17 years (41.5%) and young people aged 18-24 years (39.4%) and lower in people aged 25-49 years (28.4%). The share of persons aged 65 and over who were at risk of poverty or social exclusion was 37.2%. In 2022, of the total number of employed persons aged 18 and over, 23.7% were at-risk-of-poverty or social exclusion, compared to 42.5% of all unemployed persons, in the same age category.The highest incidence of the AROPE indicator, in 2022, was registered in households consisting of two adults with three or more dependent children (60.8%), followed by that of single-parent households, with an incidence of 47.3%.The risk of poverty or social exclusion is also unevenly distributed in regional profile. The highest rate of risk of poverty or social exclusion was registered in the South-East region (46.9%), closely followed by the South-West Oltenia region (44.7%), and the lowest rate was observed in the Bucharest-Ilfov region (19.2%).  

The text of this article has been partially taken from the publication:
http://actmedia.eu/daily/one-in-five-romanians-affected-by-poverty-in-2022/105983
Read in full - click here
Profit share in Romania drops to 48.1% in 2024 but remains among highest in Europe

Romania’s profit share, defined as the proportion of value added distributed by non-financial corporations to capital rather than labour, fell for the second consecutive year to 48.1% in 2024, Eurostat reported on December 7. The ratio was 40.0% on average in the European Union, with below-average ratios in more developed countries such as France (32.2%) […]

Romania's High Court refers magistrates' pensions law to Constitutional Court

The pension law "brutally violates the independence of the judiciary" and "de facto eliminates the service pension for magistrates," according to the reasoning published by the High Court (ICCJ) along with its decision to refer the magistrates' pensions law to the Constitutional Court, Ziarul Financiar reported. ...

Romanian state to buy out minority shareholder at Bucharest Airports

The Romanian state, in a document on December 5, expressed its intention to take full control of the National Airports Company of Bucharest (CNAB), which operates Otopeni Airport and Baneasa Airport, where the minority shareholder Fondul Proprietatea has a 20% stake, Ziarul Financiar reported. The...

Romania shortlists 17 state-owned companies for reform

Romania's Interministerial Committee for Supporting the Implementation of Reform 9 (CNR9), led by deputy prime minister Oana Gheorghiu, has selected 17 state-owned enterprises from a total of about 1,500 to undergo initial screening ahead of potential restructuring or liquidation. The decision marks the first stage of a wider overhaul programme announced by prime minister Ilie […]

Romania’s retail sales down 4.7% y/y in October despite gradual recovery after VAT rate shock in August

The retail sales volume index in Romania recovered for the second consecutive month in October, when it increased by 0.9% m/m after the 1.3% m/m advance in September – but it was far from fully recovering the 4.0% m/m plunge seen in August as an effect of higher VAT rate enforcement amid already negative consumer […]

Romania’s total market production index up 4.2% y/y in Q3

Romania’s total market production index (TMPI), a composite indicator compiled by Eurostat that combines four short-term business statistics indicators covering most of the market economy, increased by 4.2% y/y in Q3 - the sharpest rise in seven quarters (+0.3% y/y in Q2) and twice the 2.1% average advance in the European Union.  The seasonally-adjusted index […]