FAMAGUSTA GAZETTE – The 2024 Survey on Income and Living Conditions found that 17.1% of Cyprus’ population—or 164,000 people—were at risk of poverty or social exclusion, down slightly from 17.4% in 2023.
Women faced higher risks than men, with rates of 18.5% and 15.6%, respectively.
The at-risk-of-poverty rate fell to 14.6% from 14.9% in 2023. Households with very low work intensity dropped from 4.5% to 4.2%, while severe material and social deprivation slightly increased to 2.5%.
Social transfers, including pensions and benefits, significantly reduced poverty risks. Before transfers, the poverty rate stood at 34.2%, decreasing to 21% with pensions and further dropping to 14.6% when benefits were included.