To learn more about cookies, click here. Barely four percent of cohabiting Swedes in households without children have an income below the EU’s poverty threshold compared with 16 percent among single parents with children. In 2016, the World Bank estimated the extreme poverty rate for 2013 at 10.7 percent. The percentage varies in the different EU countries; Finland, at three percent, has the lowest percentage, and Romania, at 19 percent, has the highest percentage in the EU. This means that the World Bank’s 2020 interim target of reducing extreme poverty to below 9 percent probably has already been achieved. article itself refers more accurately to certain Nordic countries as social democratic. Sweden's highest earning households have a somewhat lower share of income capital when compared to other countries; with the highest earning 10% having 24% of income or consumption (compared to the USA, in which the highest earning 10% percent have 30%,of income or consumption and Germany, have 24%, while Norway has 21.2%), and very low absolute poverty rates.
], and productivity has slightly weakened in recent months, but GDP per hour worked in Sweden remains very high. This success is also part of the reason why the world is now starting to experience a slowdown in the rate of poverty reduction. If the goal is a world free of poverty, why is progress monitored toward 3 percent and not zero? The World Bank Group works in every major area of development. In 2012, the average income of the top 10% of income earners was 6.3 times higher than that of the bottom 10%.
Now you say that it was 11.2 percent.
 The Income inequality in Sweden ranks low in the Gini coefficient, being 25.2 as of 2015 which is one of the lowest in the world, and ranking similarly to the other Nordic countries; although inequality has recently been on the rise and several central European countries now have a lower Gini coefficient than Sweden.. Data and research on social and welfare issues including families and children, gender equality, GINI coefficient, well-being, poverty reduction, human capital and inequality., Gini coefficients, poverty rates, income, etc. Risk of poverty among those who work: The EU’s term for this indicator is ‘in-work-poverty’, and ‘working poor’ is also used as a description. The disposable income is divided by the consumption weight, or consumption units, that applies to the household.
Data have been revised for Belgium and Ireland (income year 2017). Sweden enjoys a relatively low income inequality and a high standard of living. According to a news report by thelocal.se, a 2008 change to Sweden's labour migration laws designed to make it easier for companies to recruit non-Europeans to hard-to-fill high-skilled jobs, has instead been used primarily to bring low-skilled workers to Sweden. 16-17 March 2009: Joint OECD/University of Maryland International Conference Measuring Poverty, Income Inequality, and Social Exclusion - Lessons from Europe, OTHER INTERNATIONAL DATABASES RELATED TO INCOME DISTRIBUTION. There are now fewer countries than before with large populations of poor people. but correspondingly enjoy a very generous universal welfare state.
Areas where progress remains relatively weak are energy efficiency and R&D targets. What is purchasing power parity (PPP), and how is it determined? Statistical news from Statistics Sweden Although workers have the right to strike, employers also have the right to use the lockout. Additionally, the slowdown in poverty reduction between 2013 and 2015 reflects, in part, the sluggish economic growth and low commodity prices that hindered many developing economies over that period. Seven percent of Swedes who work have an income below the EU’s at-risk-of-poverty threshold. Projecting global poverty to 2030 is more challenging, but it is possible to consider how global poverty may evolve under different scenarios. These country reviews compare the OECD benchmark series for income distribution and poverty reporting with alternative estimates which are available on a national or international basis - each country separately (.pdf) including revised versions: See also external Review of the OECD Income Distribution Database - The Journal of Economic Inequality - December 2015, Volume 13, Issue 4, pp 579–602, THE new 2020 edition of the OECD "COMPARE YOUR INCOME" WEB TOOL.
A study by InequalityWatch in 2010 concluded that, considering the thresholds at 50% of national median income of EU countries, Sweden's rate of relative poverty is 7%, still significantly lower than in some other countries.  within essentially corruption free nations subscribing to principles of a measure of openness of information about government activity. Another possible group of explanations for the employment problems of many immigrants is the difficulty of finding a job even if a person is qualified. The average in the European Union is 10 percent. We therefore need a poverty line that measures poverty in all countries by the same standard. And when comparing only those coming from non-EU countries with natives, it increased to 14.6%. Développé par les analystes de données de Knoema pour livrer des indicateurs et des prévisions à court et à long terme à partir de sources fiables pour chaque secteur couvert. Nos outils permettent aux individus et aux organisations d'explorer, de visualiser, de modéliser et de présenter leurs données et les données sur le monde afin de faciliter de meilleures décisions et de meilleurs résultats.
In addition, it takes time to gather, process, and analyze the data.
Find Out. To benchmark and monitor income inequality and poverty across countries, the OECD relies on a dedicated statistical database: the OECD Income Distribution Database which offers data on levels and trends in Gini coefficients before and after taxes and transfers, average and median household disposable incomes, relative poverty rates and poverty gaps, before and after taxes and transfers, etc. Also, of the 164 countries for which the World Bank monitors poverty, more than half – 84 countries – have already reached levels below 3 percent as of 2015. Statistics Sweden is a government agency that produces official statistics.
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