In 2023, single persons without children required between 9 and 18 hours of work at average wages to exit poverty across selected countries. The Czech Republic needed the highest hours, while France required the fewest. Malta, Iceland, Australia, and France saw a decrease in working hours needed, indicating improvements in income adequacy or economic conditions. The values remained stable in the Czech Republic, Sweden, Denmark, Austria, and Ireland, suggesting consistent economic conditions and wage structures.
Future trends to watch include:
- Impact of inflation on living costs and wage growth.
- Policy changes that may affect minimum wage standards.
- Economic stability in terms of employment rates and job quality.
Top countries in Single Persons without Children Working Hours Needed to Exit Poverty by Country
| # | 9 Countries | Hours at Average Wage | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Czech Republic | 18 | 2023 | 0% | 0% | View data |
| 2 | 2 Sweden | 16 | 2023 | 0% | 0% | View data |
| 3 | 3 Denmark | 16 | 2023 | 0% | 0% | View data |
| 4 | 4 Malta | 16 | 2023 | 0% | -1.21% | View data |
| 5 | 5 Iceland | 15 | 2023 | 0% | -1.28% | View data |
| 6 | 6 Austria | 14 | 2023 | 0% | 0% | View data |
| 7 | 7 Ireland | 12 | 2023 | 0% | 0% | View data |
| 8 | 8 Australia | 12 | 2023 | 0% | -1.59% | View data |
| 9 | 9 France | 9 | 2023 | 0% | -2.09% | View data |
