Hungary Gender Pension Gap Below EU Average

  • 11 Feb 2020 9:21 AM
  • Budapest Business Journal
Hungary Gender Pension Gap Below EU Average
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.

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%).

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Budapest Business Journal

Hungary's largest and oldest source of business and financial news in English. Since 1992 it has presented essential information on Hungarian business life, including international analyses about the country. These days the BBJ newspaper is published every other week, while it releases daily business news online including premium paid content.

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