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INEI: 34% of Peruvians were vulnerable to falling into monetary poverty in 2019

Photo: ANDINA/Archive

Photo: ANDINA/Archive

00:00 | Lima, Dec. 11.

In 2019, before the impact of the COVID-19 pandemic, 34% of Peruvians were vulnerable to falling into monetary poverty, said Dante Carhuavilca, head of the National Institute of Statistics and Informatics (INEI).

The average monthly family basket value per person (S/352 or around US$97.6) is taken as a basis to calculate monetary poverty in Peru.

Those who are below this indicator are considered poor and those above it are considered non-poor.

According to this monetary measurement, in 2019, 20.2% of the population was poor and 79.8% was considered non-poor.

In order to determine the vulnerability to falling into monetary poverty, the line was set at S/584 (about US$161.9). It means that those whose monthly family basket value per person is somewhere between S/352 (around US$97.6) and S/584 (around US$161.9) are considered vulnerable.

"At the national level, after making all the calculations, 34% of the population is not poor but vulnerable to falling into monetary poverty," Carhuavilca explained.

"Today we are undertaking a precursor analysis of monetary vulnerability in this sector (of the population) called non-poor," the INEI head added.

Remarks were made during the virtual presentation of the document "Peru: Estimation of Economic Vulnerability to Monetary Poverty," using statistical data collected before the onset of the COVID-19 pandemic.

The document was prepared by INEI and the Advisory Committee on Poverty.

(END) MDV/RMB/MVB

Published: 12/11/2020