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Tuesday, 27 September, 2022
Home BUSINESSIncome gap, poverty risk in Finland lower than EU average
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Tue, 26 May, 2015 12:07:15 AM
25% EU citizen at risks of poverty
FTimes Report, May 26
 
Income differentials in European countries 2012, Gini index (%). Source: Income Distribution Statistics 2013, Statistics Finland.
Income differentials in Finland are still smaller than the EU average even though they grew rapidly by international comparison in the late 1990s, according to Statistics Finland.
 
Every fourth EU citizen is at risk of poverty or social exclusion, while in Finland, 16 per cent of the population are at risk of poverty or social exclusion. 
 
These data derive from the results of the European Union Statistics on Income and Living Conditions, where Finland's data are based on Statistics Finland’s income distribution statistics.
 
 
In Finland, the average income of the highest-income decile was 5.2-fold that of the lowest-income decile, while in the countries with high income differentials it was more than tenfold. 
 
The most common income differential indicator, the Gini index, was 25.4 in Finland when the average for EU Member States was 30.5. The higher the Gini coefficient, the bigger the income differentials are.
 
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