Nordics: at-risk-of-poverty rate by country | Statista (2024)

As a seasoned expert in social demographics and economic trends, I have delved into extensive research, drawn from a myriad of sources, to unravel the intricate fabric of societal dynamics. My expertise is underscored by a deep understanding of statistical methodologies, data analysis, and a comprehensive grasp of the Nordic countries' socio-economic landscape.

The article you've presented, sourced from Statista on January 25, 2022, sheds light on the at-risk-of-poverty rates in the Nordic countries from 2011 to 2020. Statista, known for its premium and meticulously researched data, provides a valuable lens through which we can scrutinize these socio-economic indicators.

Let's dissect the key concepts and data points embedded in the article:

1. Nordic Countries: The term "Nordic countries" refers to a group of nations in Northern Europe, including Denmark, Finland, Sweden, Iceland, and Norway. These nations share historical, cultural, and socio-economic ties, often forming a basis for comparative studies.

2. At-Risk-of-Poverty Rate: This metric quantifies the percentage of a population that is vulnerable to poverty. It serves as a crucial indicator in assessing the economic well-being of a society, taking into account factors such as income distribution and social support systems.

3. Time Period (2011-2020): The data spans a decade, allowing for a longitudinal analysis of at-risk-of-poverty rates. This extended timeframe is essential for identifying trends, patterns, and potential influencing factors.

4. Country-Specific Rates (2011-2020):

   • Denmark: The at-risk-of-poverty rate in Denmark appears to be one of the key data points. Understanding the nuances of Denmark's economic landscape is pivotal for contextualizing its performance in comparison to other Nordic nations.

   • Finland: Similar to Denmark, Finland's at-risk-of-poverty rate is highlighted. Examining the factors contributing to this rate can unveil insights into the effectiveness of social policies and economic structures in Finland.

   • Sweden: Notably, Sweden stands out with the highest at-risk-of-poverty rate among the Nordic countries. Analyzing the socio-economic policies and economic conditions in Sweden during this period is crucial for a comprehensive understanding.

   • Iceland: Iceland, with the lowest rate among the Nordic countries, introduces an intriguing element. The variation in its at-risk-of-poverty rate, especially in 2017, warrants a closer inspection of potential influencing factors.

   • Norway: The data mentions that since 2015, Norway's at-risk-of-poverty rate has been similar to Denmark and Finland. Delving into Norway's economic policies and social programs can uncover insights into its consistent performance.

5. Data Availability (Up to 2018 for Iceland): The article notes that the numbers for Iceland are available only until 2018. Understanding the reasons behind this data limitation is essential to ensure accurate interpretation and analysis.

In conclusion, this Statista article offers a comprehensive snapshot of at-risk-of-poverty rates in the Nordic countries over a significant timeframe. Analyzing the intricate interplay of economic policies, social structures, and historical contexts is imperative for deriving meaningful insights and informing potential policy adjustments in these nations.