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Poverty in Balkan Countries

Wed, 09/30/2015 - 13:59 By Sanja Stamenkovic, Jefferson Institute

The poverty rate is the share of households that are below the poverty line which is defined as 60% of the median household income. 

Data shows Macedonia to be the Balkan country with highest percent population living on or below the poverty line (27.1%). Second highest poverty rate belongs to Serbia - 24.6%. Situation in Serbia has reached the point where the ministry od labour and social affairs alarmed that 400,000 children are living in poverty. The transition from socialism to capitalism and the path to EU, caught off guard most of the Balkan countries, and caused turmoils in the region's economy, which resulted in high unemployment rates

According to World Bank Albania is the Balkan country with the lowest percent population living in danger of poverty.  

When it comes to Bulgaria, the situation is slightly better, with 21 percent of the population living below the poverty line. The activity status of the population seems to be the key factor determining economic status. Figures from National Statistical Institute show there are 47,6% poor amongst unemeployed, and those with low education (30,2%). Families with three or more children are at the highest risk of poverty - 68,1% of them. 

 

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