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
Romania vows to support Moldova’s European path as Moldovan companies are looking to access Western investors through the Bucharest Stock Exchange

Romania is firmly committed to supporting Moldova’s European path and the Bucharest Stock Exchange can help strengthen the economic cooperation between the two countries allowing Moldovan companies to draw capital from Romanian and Western investors, according to Romanian top officials present at the Moldova-Romania Capital Bridges forum in Bucharest, on March 27, 2024. Meanwhile, Moldovan […]

Supermarkets will remain open on weekends, Romanian PM says

Romanian prime minister Marcel Ciolacu said on Thursday, March 28, that the stores will not be closed on weekends, as proposed by small-format retailers. “I want to close a topic that has triggered public debate: the one related to operating hours and closing stores on weekends. From all the signals received from society, it is […]

New shopping center to open in Romania’s Sinaia mountain town

A new shopping center is set to open at the exit from Sinaia, a popular mountain town in Prahova Valley, some 120 km north of Bucharest. According to mayor Vlad Oprea, Sinaia Plaza “will open soon” after an investment of EUR 5 million. Mayor Oprea said that this will be the largest shopping center in […]

Symmetrica invests EUR 48 mln in new concrete pavements factory near Bucharest

Symmetrica, a Romanian company that produces pavements, curbs, and vibro-pressed gutters for pedestrians and roadways, said it’s investing EUR 48 million in a new concrete pavements factory. Located in Bolintin Vale, near Bucharest, the new unit will be inaugurated this autumn. According to the company, the factory will be the largest of its kind in […]

Head of Romania's Consumer Protection Agency to run for mayor of Constanța

Horia Constantinescu, the president of Romania's National Authority for Consumer Protection (ANPC), has been chosen as the candidate for mayor of the Black Sea port city of Constanța by the Social Democratic Party (PSD).  Constantinescu, 50, has had a controversial term as head of the Consumer Protection Agency, attracting criticism from employer organizations, fast-food giants, […]

Romanian president approves law prohibiting sale of electronic cigarettes to minors

Romanian president Klaus Iohannis recently approved a law initiated by Social Democrat (PSD) deputy Alfred Simonis prohibiting the sale of electronic cigarettes to minors.  The law aims to reduce the exposure of children and young people to tobacco products and discourage smoking among young people. It also bans such products from being sold through vending […]