Sunday 16 May 2021

Poverty in Costa Rica soared to 26%, the highest figure in the last decade

There are 83,000 more poor households than last year: 1,529,255 people in total

QCOSTARICA – While last year poverty affected around 20% of the population, this year, unemployment problems, lower income, and the general situation of the economic crisis that the country is going through, raised poverty levels to 26%.

The data released this Thursday by the National Institute of Statistics and Censuses (INEC) indicate that with that increase of five percentage points there are now a total of 419,783 poor households in the country, a total of 83,888 more than last year.

- Advertisement -

The figure is one of the highest ever.

In the last decade, the highest, exceeding 22.4%, was in 2014.

According to the report, extreme poverty is 7.0%, an increase of 1.2 percentage points.

This represents 19,445 more households in extreme poverty, for a total of 112,987.

- Advertisement -

In terms of people, the incidence of poverty is 30%, which means the number of poor in 2020 is 1,529,255 people, this is equivalent to an increase of 6.1 percentage points compared to 2019; that is, there are 321,874 more people living in poverty this year over last.

This significant increase in the poverty line was accompanied by a sharp contraction in people’s income levels.

According to Statistics and Census, the average income of people fell by at least 12.2% in the last year.

The average income per household is ¢891,934 per month, which represents a variation of -12.2% compared to the previous year when it stood at ¢1,016,358.

In per capita terms, average income is estimated at ¢326,483 per month, which represents a decrease of 13.2% compared to the 2019 estimate.

To a large extent, this worsening in people’s conditions is due to the increase in unemployment, which for August was estimated at almost 24%, as well as underemployment, which affects at least two out of every ten people.

- Advertisement -

- Advertisement -

FACT CHECK:
We strive for accuracy in its reports. But if you see something that doesn’t look right, send us an email. The Q reviews and updates its content regularly to ensure it’s accuracy.

Ricohttp://www.theqmedia.com
"Rico" is the crazy mind behind the Q media websites, a series of online magazines where everything is Q! In these times of new normal, stay at home. Stay safe. Stay healthy.

Related Articles

Paraguay’s population is booming, but where are all the jobs?

(Q24N) In recent weeks, Paraguay has been shaken by a fierce...

MOST READ

27-year-old connected to an ‘artificial lung’ for 111 days after infected with covid-19

QCOSTARICA - In contrast to the belief that only the old get deadly sick after being infected with covid-19, a 27-year-old old and a...

New restrictions outrage hospital staff while business applauds “balance”

QCOSTARICA - The measures announced by the Government to reduce COVID-19 infections and hospital saturation unleashed a wave of reproaches, from one sector, and...

Keltner Channel Strategy Explained for Beginners

The trading world is full of trading strategies that vary by assets, timeframes, and, of course, technical indicators. In this article, you will learn...

Guide to the COVID Travel Restrictions for Central America

QCOSTARICA - A country-by-country guide to the current Covid travel restrictions for Central America guidelines during the COVID-19 crisis. Costa Rica (open) Costa Rica opened its...

Why Colombian protesters are taking to the streets

QCOLOMBIA – For the past two weeks, mass protests that started on April 28, have rocked Colombia, leaving at least 42 people dead and hundreds...

Rodolfo Méndez will complete the Circunvalación, a work that he started in 1978

QCOSTARICA - It's been almost 43 years since the Circunvalación (Ruta 39) project, to provide the capital with a peripheral ring road, was started,...

College of Physicians proposes to apply 150,000 doses weekly; tighten vehicle restrictions

QCOSTARICA - Applying 150,000 doses per week of the covid-19 vaccine and establishing stricter vehicle restrictions temporarily, are the two main proposals of the...

Colombia surpasses 80,000 COVID-19 deaths; ICU’s nearly full

QCOLOMBIA – Confirmed deaths from COVID-19 in Colombia passed 80,000 on Friday, May 14, with intensive care units almost full in the biggest cities,...

Who are the richest entrepreneurs in the region?

QCOSTARICA - 2020 was marked as a complex year worldwide due to the Covid-19 pandemic, however, the following are entrepreneurs who were not only...

WANT TO STAY UP TO DATE WITH THE LATEST!

Get our daily newsletter with the latest posts directly in your mailbox. Click on the subscribe and fill out the form. It's that simple!

Log In

Forgot password?

Forgot password?

Enter your account data and we will send you a link to reset your password.

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Add to Collection

No Collections

Here you'll find all collections you've created before.