ANDALUCIA currently has the second fastest growing poverty rate in Spain, according to a report by the Fundacion Bancaja and Instituto Valenciano de Investigaciones Económicas.
The autonomous region ranks just behind Extremadura in Human Poverty Index and just ahead of Canarias.
According to the same study, these same three regions are also those that have the worst economic performance compared to the national average.
At the opposite end of the spectrum, the Navarra, Basque, and Cantabria regions have actually decreased their poverty rates.
In general, the human poverty index in Spain has increased 1.7 percent during the crisis due to the 16.2 increase in those living below the poverty line and the 565 percent growth in unemployment.
The calculation of these ‘human poverty index’ (HPI) numbers takes into account both economic poverty (income and unemployment) as well as human capital poverty (health and education).
Interestingly enough, life expectancy rates above 60 years of age have increased while school dropout rates have decreased, two statistics that would normally help the human capital side of a country’s HPI.
However, Spain’s almost sixfold rise in unemployment offsets these positive increases.
- Nutella prices to soar as world hazelnut crop suffers adverse weather - 16 Aug, 2014 @ 15:00
- Venezuelan woman arrested in Madrid for smuggling cocaine in fake breasts - 15 Aug, 2014 @ 13:31
- Marbella’s Starlite festival welcomes back Julio Iglesias for the third year in a row - 14 Aug, 2014 @ 15:02
- PICTURE SPECIAL: Andalucia’s top five natural swimming pools - 12 Aug, 2014 @ 10:00
- Spain’s Felipe VI and Prime Minister Rajoy discuss escalating Ebola concerns - 11 Aug, 2014 @ 15:41
- Socialist culture secretary hits out at new taxes - 11 Aug, 2014 @ 12:00
- Leading economist to head investing talk at Benalmadena cycle event - 11 Aug, 2014 @ 10:00
- Spain’s crippling unemployment may be on the up - 11 Aug, 2014 @ 10:00
- Spain urged to issue 50-year bond to help fill coffers - 10 Aug, 2014 @ 10:00
- Spain’s top SEO companies - 10 Aug, 2014 @ 10:00