Hungary gender pension gap below EU average

EU

Eurostat

In 2018, women in Hungary received a pension that was on average 16% below that of men, meaning that the gender gap in pensions was smaller than the EU average of 30%, according to statistical agency Eurostat.

Image: Eurostat

While women received lower pensions in all EU member states, the extent of the gap varied widely. The largest difference was registered in Luxembourg, where women aged over 65 received 43% less pension than men. The gap was also significant in Malta (42%), the Netherlands (40%), Austria (39%), Cyprus (38%) and Germany (37%).

On the other end of the spectrum, the smallest differences were reported in Estonia (1%), Denmark (7%), Slovakia (8%), and the Czech Republic (13%), followed by Hungary.

Eurostat says that compared with 2010, the gender pension gap has decreased in the majority member states. The agency recorded the most significant decreases in Greece (from 37% in 2010 to 25% in 2018, - 12 percentage points), Denmark (-11 pp), Belgium and Slovenia (both -10 pp) as well as in France (-9 pp). 

However, the gender pension gap increased in seven member states over the same period. The most significant increase was observed in Malta (from 22% in 2010 to 42% in 2018, +20 pp), followed by Latvia (+9 pp) and Croatia (+4 pp), while it remained unchanged in Slovakia.    

Poverty risk also below EU average

In 2018, the proportion of pensioners aged at risk of poverty in the European Union (EU) stood at 15%, up 1 pp since 2017, yet below the risk of poverty of working-age population (16 to 64 years), which stands at almost 17%.

In Hungary, only 10% of pensioners are at risk of poverty, the joint-fourth lowest rate in the EU. The lowest rates were recorded in Slovakia (6%), France (8%), Greece (9%), followed by Denmark, Luxembourg, and Hungary (all 10%).

The countries with an at-risk-of-poverty rate above 30% were Estonia (54%), Latvia (50%), Lithuania (41%) and Bulgaria (30%).

ADVERTISEMENT

Századvég raises GDP forecast to 7.8% Analysis

Századvég raises GDP forecast to 7.8%

Opposition parties to begin PM candidate primaries Elections

Opposition parties to begin PM candidate primaries

New editor-in-chief at Betone Studio Appointments

New editor-in-chief at Betone Studio

BFK developing regional cycling strategy City

BFK developing regional cycling strategy

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.