Chechnya, Republic of - Subsistence minimum

8,508 (Rubles) in 2015

In 2015, poverty level value for Chechnya, Republic of was 8,508 rubles. Poverty level value of Chechnya, Republic of increased from 3,132 rubles in 2006 to 8,508 rubles in 2015 growing at an average annual rate of 12.17%.

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What is poverty level value?

Represents cost estimate of consumer goods basket as well as statutory payments and fees. Consumer goods basket includes minimum set of food and non-food products and services needed for maintenance of human health and life support. It is established both on national level by Federal law and on regional level by regional authorities. Minimum subsistence level is determined in average per capita on the quarterly base for three socio-economic groups of population (working-age population, retirees and children) by the Government of the Russian Federation.

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What is Chechnya, Republic of poverty level value?