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Cyprus

Poverty risk peaks in 2015 to 28.9%, Cystat says

Poverty continued to be on the rise in Cyprus last year, as an increasing portion of the population was living either in poverty or in social exclusion, the statistical service said.

The total percentage of the population living below the poverty line or in households with serious material deprivation or low employment intensity rose last year to 28.9 per cent –the highest for which available figures exist, dating back to 2008–, from 27.4 per cent the year before, Cystat said in a statement on its website on Tuesday. Last year, the poverty margin dropped to an annual income of €8,276 for a single person and to €17,380 for households consisting of two adults and two minors from €8,640 and €18,144 in 2014 respectively.

The average poverty risk last year was 16.2 per cent –compared to 14.4 per cent in 2014–, while for men and women it was 15.3 and 17.2 per cent respectively, Cystat said. Women over 65 faced the largest risk of poverty of 20.5 per cent followed by women aged 18-24 with 18 per cent and followed by children younger than 18. Men aged 50 to 64 and over 65 faced the smallest risk of poverty with 13 per cent and 13.6 per cent respectively, followed by men aged 25 to 49.

The percentage of the population which lived in households with inadequate employment was 10.9 per cent, and affected on average 10.3 per cent of men of all ages and 11.4 per cent of women, Cystat said. In 2014, the portion of the population living in households of low employment intensity was 9.7 per cent.

The Gini-coefficient, which measures income distribution, dropped last year to 33.6 per cent from 34.8 per cent, reflecting an income disparity drop, Cystat said.

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