It is estimated that around 24% of the population in Cyprus is considered to be living in poverty.
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According to estimates, around 24% of the population in Cyprus is considered to be living in poverty. To put this into perspective, Cyprus has a population of approximately 1.2 million people, which means that roughly 288,000 individuals are living in poverty.
The definition of poverty in Cyprus is based on the At Risk of Poverty or Social Exclusion (AROPE) indicator, which takes into account factors such as income, living conditions, and access to basic necessities. In 2020, the AROPE threshold for Cyprus was €11,470 per year for a single adult and €24,065 for a family of four.
Poverty in Cyprus is not evenly distributed across the population, with certain groups being more vulnerable than others. According to a report by the European Commission, the groups at highest risk of poverty and social exclusion in Cyprus are: single-parent households, households with dependent children, elderly people living alone, people with disabilities, and non-EU citizens.
Despite efforts by the Cypriot government to reduce poverty and social exclusion, the numbers remain high. As pointed out by the European Commission, “the persistence of poverty and social exclusion in Cyprus requires sustained attention and a decisive approach”.
In the words of Nelson Mandela, “Overcoming poverty is not a task of charity, it is an act of justice”. It is important for governments and societies to work towards ensuring that everyone has access to basic necessities and the opportunity to live a dignified life.
Here is a table showcasing poverty rates in Cyprus based on different factors:
| Indicator | Poverty rate |
|---|---|
| Total population | 24% |
| Children under 18 | 27% |
| Elderly (65+) | 24% |
| Single-parent families | 38% |
| Non-EU citizens | 36% |
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Historically, Cyprus – At Risk of Poverty rate reached a record high of 16.20% in December of 2015 and a record low of 13.80% in December of 2021.
The poverty rate in Cyprus was 17.3% in 2021. This is around the average as regards shares of people at risk of poverty or social exclusion recorded in European Union members in 2021. In 2019, the poverty rate at national poverty line for Cyprus was 14.3%. According to EUROSTAT, the At Risk of Poverty rate was 13.80% in December of 2021.
Cyprus ranked just around the average as regards shares of people at risk of poverty or social exclusion recorded in European Union members in 2021, according to Eurostat. Specifically, the percentage was 17.3% in 2021, compared to 17.6% in 2020 – the year that Cyprus’ economy was also shaken by the pandemic’s effects.
In 2019, poverty rate at national poverty line for Cyprus was 14.3 %.
Cyprus – At Risk of Poverty rate was 13.80% in December of 2021, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Cyprus – At Risk of Poverty rate – last updated from the EUROSTAT on June of 2023.
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Subsequently, Is Cyprus considered a poor country? The response is: The Cypriots are among the most prosperous people in the Mediterranean region, with GDP per capita in 2023 approaching $34,000 in nominal terms and $55,000 on the basis of purchasing power parity.
Moreover, Are Cypriots wealthy? The response is: Eight Cypriot nationals are on Forbes’ list of The World’s Billionaires for 2023, including John Fredriksen and siblings Stelios, Polis and Clelia Hadji-Ioannou.
What is the main business in Cyprus?
Response to this: Tourism. The tourism industry has played an important role in the economy of Cyprus since independence. The country is currently among the biggest tourist attractions in the Mediterranean region.
Beside this, How much is Cyprus worth?
List of Cypriot billionaires by net worth
| Republic of Cyprus | |
|---|---|
| • Total | $49.857 billion (124th) |
| • Per capita | $54,611 (31st) |
| GDP (nominal) | 2023 estimate |
| • Total | $30.864 billion (105th) |
Is Cyprus a poor country? While economic opportunity has been improved for the citizens, this number has decreased since the 2012-13 crisis, as the unemployment rate in 2016 was 13 percent. Poverty rates in Cyprus have also steadily dropped as the economy of the country grows, although poverty in North (Turkish) Cyprus is somewhat higher than South (Greek) Cyprus.
How did the financial crisis affect life expectancy in Cyprus? Despite decreased poverty rates and low child poverty rates throughout the country, the risk of falling in poverty increased after the financial crisis and is at 27.7 percent. Life expectancy in Cyprus raised significantly catalyzed by rapid development throughout the country.
How many people live in Cyprus?
In reply to that: 1,133,803 total population of Cyprus (sum of population in Government controlled area and Northern Cyprus, 2011 data) 2011 census: 78.6% Cypriot, 21.4% Non-Cypriot (preliminary)
Also question is, What is the unemployment rate in Cyprus?
The reply will be: The unemployment rate in Cyprus is relatively high due to financial and political issues in the country, with an estimated 11.8 percent unemployment rate in 2017. While economic opportunity has been improved for the citizens, this number has decreased since the 2012-13 crisis, as the unemployment rate in 2016 was 13 percent.
Similarly, Is there poverty in Cyprus? The answer is: In Cyprus, poverty is not recorded at all. Although it would clearly aid the poor in being recognized, the Cypriot government does not consider poverty to be a major issue in the country. Many Greek Cypriots (those in the south) have strong familial relationships with extended family.
In this way, How did the financial crisis affect life expectancy in Cyprus?
In reply to that: Despite decreased poverty rates and low child poverty rates throughout the country, the risk of falling in poverty increased after the financial crisis and is at 27.7 percent. Life expectancy in Cyprus raised significantly catalyzed by rapid development throughout the country.
In this way, How many people live in Cyprus?
1,133,803 total population of Cyprus (sum of population in Government controlled area and Northern Cyprus, 2011 data) 2011 census: 78.6% Cypriot, 21.4% Non-Cypriot (preliminary)
What is the unemployment rate in Cyprus?
Response to this: The unemployment rate in Cyprus is relatively high due to financial and political issues in the country, with an estimated 11.8 percent unemployment rate in 2017. While economic opportunity has been improved for the citizens, this number has decreased since the 2012-13 crisis, as the unemployment rate in 2016 was 13 percent.