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2024, Albania led Europe with almost half of the population in poverty

2025-05-19 07:45:00, Ekonomi CNA

2024, Albania led Europe with almost half of the population in poverty

The country's economy is growing faster than the number of people suffering from a severe form of poverty is decreasing.

According to the latest Eurostat data, Albania led Europe in terms of the high level of the population, around 42 percent, at risk of being poor as they suffer from a severe form of social exclusion by 2024 (Europe data 2024, Albania 2023).

Data indicates that more than 1 million Albanians suffer from a severe form of poverty.

For 2024, the Czech Republic, Slovenia and the Netherlands had the lowest percentage of the population at risk of poverty and on the other hand Albania, Romania and Turkey had the highest percentages.

All 1 million Albanians live in families that cannot cope with at least seven out of thirteen categories of deprivation (6 categories related to deprivation at the individual level and 7 categories related to deprivation at the family level).

At the family level, difficulties are considered: Delays in loan or rent payments for the main residence, expenses for basic services, installment purchases or other payments on loans taken out.

Inability to afford the costs of a one-week annual vacation away from home. Inability to afford an unforeseen financial expense worth 30,000 new lek.

Inability to afford a meal of meat, chicken, fish (or the equivalent for vegetarians) once every two days.

The family's financial inability to keep the house adequately warm.

Financial inability to own a car for personal use and replacing old furniture with new ones.

The indicators for Albania, according to Eurostat, are significantly higher compared to other neighboring countries of the Western Balkans where Montenegro has 34.1% of the population at risk of poverty, North Macedonia 32.6%, Serbia 30%./ Monitor Magazine





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