Ooni Koda
  1. Home
  2. /
  3. Newsfeed
  4. /
  5. Poverty rate in 2020 reaches 23.4%; number of...

Poverty rate in 2020 reaches 23.4%; number of poor corresponding to period - 4.524 million persons

December 23, 2021

The rate of relative poverty in 2020 was 23.4%, in absolute values, the number of poor corresponding to this rate being 4.524 million persons, according to the centralized data from the National Institute of Statistics (INS)."Under one in four people in Romania lived in a household whose income was smaller than the established threshold of 60% of the median available income per adult-equivalent", the INS specifies.During the period of 2017-2020, poverty rate, estimated in relation to the established threshold, based on the level and distribution of income for the year for which the evaluation is being made, there was an oscillating evolution, the maximum being reached in 2019 (23.8%), and the minimum in 2020 (23.4%).The highest poverty incidence was registered during the years of 2017-2020 among children between up to 18 years old and youths, with ages between 18-24, roughly 3 out of 10 were under the poverty threshold, larger than the corresponding levels of adults.The poverty analysis, based on genders, in 2020, highlights a tendency to increase difference between men and women, from 1.3 to 2.5 percentage points.Last year, the highest poverty rates were registered in the regions of North-East (35.6%), South-West Oltenia (32.7%) and South-East (32.6%), and the smallest was recorded in Bucharest-Ilfov (2.4%).The National Institute of Statistics also mentions that an important factor in the emergence and intensifying the state of poverty is determined by the existence and number of children in the household they are part of. Poverty is more frequent among people who are living in households with dependant children (it reached 25.4% in 2020), than in the case of those who are living in households without children (20.8% in the last year).In 2020, among households with dependant children, the most strongly affected by poverty were large households, formed of 2 adults with 3 or more dependant children (more than half), single parent families, parent with at least one dependent child (almost three out of ten), of those with 3 or more adults or more adults with dependent children (a little over a quarter), but also persons from households formed of 2 adults and 2 dependent children (almost a quarter). In comparison with these, households formed of 2 adults and 1 dependant child were less affected by poverty (11%).The relative rate of poverty represents the ratio of poor persons (who have an available income per adult-equivalent smaller than the established threshold of 60% of the median of available income) in the total population.

Read in full - click here
Romanian Social Democrats elect new leadership, only one candidate running for party leader

Representatives of the ruling Social Democratic Party, PSD, gathered for a congress in Bucharest on Friday, November 7, to elect new leadership and to amend the party’s Statute. The only candidate for party leader is Sorin Grindeanu, who held the interim position after Marcel Ciolacu's resignation in May. In his speech at the congress, Sorin […]

Black Friday sales processed by PayU Romania top EUR 100 mln by early afternoon

The e-commerce sector recorded strong early results on Black Friday 2025, according to real-time data released on Friday, November 7, by PayU GPO Romania from its dedicated Media Center. By 14:10, the payment processor reported successful transactions totaling RON 514 million (roughly EUR 101 million). PayU said shoppers had made roughly 889,000 purchases, with around […]

Romanian smartphone retailer Contakt to launch IPO on Bucharest Exchange

Contakt Express Logistik, one of Romania’s leading retailers of mobile phone and tablet accessories, with a network of over 235 stores, is set to launch the initial public offering (IPO) between November 12 and December 3, 2025. The company offers a wide range of products, including cases, screen protectors, chargers, and gadgets, both in physical […]

Romania draws fewer foreign tourists than in the communist era, Travel Agencies Association warns

Romania attracts fewer international tourists today than it did during the communist era, making it the only country in Europe in this situation, the National Association of Travel Agencies (ANAT) warned, as reported by news agency Agerpres. According to the organization, Romania received more than 3.4...

InterCapital launches two new ETFs on the Bucharest Stock Exchange

InterCapital ETF, the first international ETF provider in Romania, will launch two new exchange-traded funds on the Bucharest Stock Exchange starting November 11, 2025. The new instruments are the InterCapital CROBEX10 TR UCITS ETF, which offers exposure to the Croatian blue-chip equity market by tracking the performance of the CROBEX10tr index, and the InterCapital EUR […]

Romania, Bulgaria and Republic of Moldova approve Maspex’s takeover of Purcari Wineries

The Competition Councils of Romania, Bulgaria, and the Republic of Moldova have granted the necessary authorizations and approvals for the completion of the transaction through which Maspex Romania takes over the majority shareholding of Purcari Wineries.  The Maspex Group, which has been present in Romania for nearly 30 years, became the majority shareholder of one […]