One in four people were at risk

Spain Becomes Eurozone Country With Highest Poverty Risk For First Time

Spaniards at risk of poverty.
Spaniards at risk of poverty.

Macroeconomic data con­tinue to sur­prise on the up­side, but there is no trace of eup­horia among the po­pu­la­tion. GDP growth and re­cord em­ploy­ment are overs­ha­dowed by the in­fla­tio­nary cri­sis, job in­se­cu­rity and ri­sing tax bur­dens. Household fi­nances are not kee­ping pace with GDP and what is hap­pe­ning is that the number of fa­mi­lies strug­gling to make ends meet has in­creased

New data from the Arope indicator (risk of poverty or social exclusion), the main measure of poverty used by the European Commission, place Spain as the country with the most households in trouble. This indicator aggregates the population at risk of poverty with those who cannot afford to buy a range of basic goods and services.

In 2023, one in four people were at risk of poverty or social exclusion. Specifically, they were 26.5%, 0.5 points worse than in the previous year. That is, despite economic growth, the number of people in economic difficulties increased over the year, contrary to what happened in the eurozone countries as a whole, where it fell by 0.2 points.

Until 2023, Greece was the worst country in this Arope indicator, but in that year it reduced its poverty levels by 0.2 points. For the first time since Eurostat started calculating this indicator, in 2015, it is no longer the worst country in the eurozone, which is now Spain. Leading economic growth has not helped Spain to reduce poverty levels.

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