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[C] - Absolute poverty
Description The ISTAT estimate of the absolute poverty defines as poor a household with a consumption expenditure lower or equal to the monetary value of a basket of goods and services considered as essential to avoid severe forms of social exclusion. The monetary value of the basket of absolute poverty is reviewed every year in the light of trend in prices and compared to the levels of spending on household consumption. To summarise information on different poverty aspects (spread, gravity) two indices are calculated. The first is the proportion of poors (incidence), that is the ratio between the number of households (individuals) in poverty and the number of resident households (individuals). The second is the mean poverty gap (intensity), measuring 'how poors are the poors', that is, in percentage terms, the difference between the mean consumption expenditures of poor households and the monetary value of the basket of absolute poverty. Since 2014, the data source of poverty estimates (the Household Budget Survey) has been completely reviewed. As a consequence, it has been necessary to reconstruct absolute poverty time series since 2005. Time comparisons between 2014 estimates and previously disseminated estimates can be made only using reconstructed data.
Eurostat type of process classification Statistical compilation other than National Account
First production year 2005