No, recent data indicates that Belarus has a remarkably low poverty rate, suggesting there is not a widespread issue of high poverty.
Belarus's Poverty Profile
Before a brief economic contraction, Belarus experienced a significant period of poverty reduction. For 15 consecutive years, leading up to 2015, the country consistently lowered its poverty levels, demonstrating a sustained commitment to improving living standards for its citizens.
Even during a period of economic challenges in 2015 and 2016, which led to a slight increase, the poverty rates remained exceptionally low. The poverty rate, measured at the $5.50 per day threshold (2011 Purchasing Power Parity - PPP), saw minor fluctuations:
- In 2014, the poverty rate stood at an impressive 0.4 percent.
- This rate slightly increased to 0.8 percent in 2017, an uptick directly linked to the economic contraction experienced in the preceding years.
- However, following this brief period, the country quickly saw a recovery. By 2018, the poverty rate had decreased, returning to its very low level of 0.4 percent.
These figures highlight that despite minor fluctuations influenced by economic conditions, Belarus consistently maintains one of the lowest poverty rates globally, especially when measured by international standards like the PPP-adjusted income thresholds.
Key Poverty Rate Figures in Belarus
| Year | Poverty Rate (at $5.50/day threshold, 2011 PPP) | Notes |
|---|---|---|
| 2014 | 0.4% | Following 15 years of consecutive reduction |
| 2017 | 0.8% | Uptick due to 2015-2016 economic contraction |
| 2018 | 0.4% | Rate fell back to previous low level; sustained low poverty |
Understanding the Purchasing Power Parity (PPP) concept is crucial when interpreting these figures, as it adjusts for differences in the cost of living across countries, providing a more accurate comparison of income levels. More information on PPP can be found here.
