The results of the Survey on Living Conditions and Income conducted in 2025 concerning the previous year’s income indicate that 15.4% of people were at risk of poverty in 2024, a decrease of 1.2 percentage points from 2023, the National Statistics Institute (INE) announced on Thursday.
“The poverty risk rate, in 2024, corresponded to the proportion of inhabitants with annual net monetary income per equivalent adult of less than 8,679 euros (723 euros per month),” the INE report states.
Furthermore: “Between 2023 and 2024, the decrease in poverty extended to all age groups, but was more pronounced among the elderly population (down 3.3 p.p.).”
Additionally, the “risk of poverty decreased both for the employed population, from 9.2% in 2023 to 8.6% in 2024, and for the unemployed population, from 44.3% in 2023 to 42.6% in 2024.”
“Social transfers related to illness and disability, family, unemployment, and social inclusion contributed to reducing the risk of poverty by 5.4 p.p. (from 20.8% to 15.4%), which is a greater contribution than in the previous year (4.8 p.p.),” the INE further explains.
It should also be noted that, “in 2025 (based on 2024 incomes), 1.995 million people were at risk of poverty or social exclusion.”
“Consequently, the poverty or social exclusion rate reached 18.6%, reflecting a decrease from 2024 (19.7%), consistent with what was observed in two of the three base indicators – poverty and material and social deprivation,” it reads.
The INE also notes that “inequality decreased in 2024: the Gini Coefficient recorded a value of 30.9% (31.9% in the previous year) and the S80/S20 ratio decreased from 5.2 in 2023 to 4.9 in 2024.”
