SPAIN’S UNDERPRIVILEGED UP BY 16.2%.

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According to figures released last week in a report by the Bancaja Foundation and the Valencian Institute of Economic Research (Ivie) the human poverty index in Spain increased by 1.7% during the 5 years of the economic crisis, from 2007 to 2012.

The analysis takes into consideration factors related to deprivation in health and education as well as income and social exclusion and concludes that the poverty rate in Spain has increased while, at the same time, the probability of not reaching 60 years of age has declined by 15% and 20% in each case. However, the numbers of long-term unemployed have increased very substantially.

Nationally the figures show that the poverty rate across the whole of Spain now stands at 16.2 per percent whilst the percentage in the Valencia region has grown to 25.1%, one in four inhabitants of the autonomy.

Specifically, the greatest variation of human poverty has occurred in Extremadura (which is up by 15.5%), Andalucia (11%) and Canarias (12.4). These three regions are also those that have underperformed economically when compared to the national average. At the opposite ends of the scale are Navarra, the Basque Country and Cantabria, with the lowest levels of poverty, all of which are now below the national average.

Villar drew particular attention to negative trends experienced by communities neighbouring the Mediterranean – from Catalonia to Andalusia, via Valencia and Murcia – despite the excellent performance that they have achieved in the tourism sector. He said that they have all invested heavily in public infrastructure and real estate, two sectors that have actually worsened their economic situations.

Filed under: http://www.theleader.info/article/44053/

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