Czechia 2nd Least At Risk Of Poverty in the European Union

Czechia is the second country least threatened by poverty in the EU, with just 3.4%. Finland topped the index. Photo: Prague / credit: ZM / Jobspin.

Czech Rep., Feb 9 (JS) – According to data published by the EU statistical office Eurostat (31-1-2020), in 2018, one in ten employed people over the age of 18 in the EU were at risk of poverty, an increase of just under 1% in 10 years. In 2018, 10% of men were at risk of poverty compared to 9% of women in the EU.

According to Eurostat, part-time workers and people employed on temporary contracts are more likely to face in-work poverty. Part-time workers in the EU had a 16% chance of falling into poverty, compared to 8% of full-time workers. Furthermore, employees with temporary contracts were almost three times more at risk (16%) than employees with permanent jobs (6%).

Table: Five EU countries least threatened by poverty by the proportion of employed persons at risk of poverty in 2018. Source: Eurostat.

#1 Finland 3,1%
#2 Czechia 3,4%
#3 Ireland 4,9%
#4 Belgium and Croatia 5,2%
#5 Denmark 5.4%
Luxembourg has seen the largest increase of in-work poverty, while Greece has seen the largest decrease. Photo credit: Pixabay.

Over the last few years the member states with the highest increase in risk of in-work poverty were Luxembourg, with 4.3%, Italy with 3.2%, and the UK with 2.8%.

The highest decrease was seen in Greece (-3.3%), Latvia and Romania (both with -2.4%) and Portugal (-2.1%).

The Czech Republic is the second least affected by poverty, with just 3.4%, behind only Finland. Chart: Share of employed persons at risk of poverty in the EU in 2018. Source: Eurostat, Jan 31, 2020.

It can be assumed that the positive results of the Czech economy are caused by the very low unemployment rate in the Czech Republic (2%) and growing salaries.

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