In 2023, the working hours needed for single persons without children to exit poverty varied significantly across countries. Among the surveyed countries, Canada required the highest number of hours at 30, followed by Slovakia at 25 and Malta at 24. Switzerland, Spain, and Finland demonstrated lower values at 22, 21, and 19 hours, respectively. Notably, Greece required only 18 hours due to relatively higher wage scales. Year-on-year variations reveal a noteworthy decline in Denmark (-2.09%) and Finland (-1.02%), while Greece saw an increase of 2.38%. Over a five-year span, the compounded variations provide insights into longer-term shifts.
Future trends to watch include the impact of inflation on real wages, potential governmental wage interventions, and continued economic recovery post-pandemic. These factors are expected to influence the number of hours required to exit poverty, potentially stabilizing or reversing current declines in countries like Finland and Denmark.
Top countries in Single Persons without Children Working Hours Needed to Exit Poverty by Country
| # | 9 Countries | Hours at 67% of the Average Wage | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Canada | 30 | 2023 | 0% | 0% | View data |
| 2 | 2 Slovakia | 25 | 2023 | 0% | -0.78% | View data |
| 3 | 3 Malta | 24 | 2023 | 0% | -0.81% | View data |
| 4 | 4 Switzerland | 22 | 2023 | 0% | 0% | View data |
| 5 | 5 Spain | 21 | 2023 | 0% | +0.98% | View data |
| 6 | 6 Finland | 19 | 2023 | 0% | -1.02% | View data |
| 7 | 7 Germany | 19 | 2023 | +5.56% | 0% | View data |
| 8 | 8 Greece | 18 | 2023 | 0% | +2.38% | View data |
| 9 | 9 Denmark | 18 | 2023 | 0% | -2.09% | View data |
