Khakassia, Republic of - Subsistence minimum

8,905 (Rubles) in 2015

In 2015, poverty level value for Khakassia, Republic of was 8,905 rubles. Between 1995 and 2015, poverty level value of Khakassia, Republic of grew substantially from 328 to 8,905 rubles rising at an increasing annual rate that reached a maximum of 68.78% in 2001 and then decreased to 11.23% in 2015.

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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 Khakassia, Republic of poverty level value?