Socio-Economic Impact Assessment


The COVID-19 pandemic is far more than a health crisis. It is affecting societies and economies at their core and will leave the most vulnerable segment of the population bearing the brunt of the impact. Tens of thousands of jobs have been affected so far most of which are at the bottom of the wage spectrum and the disproportionate impact on the vulnerable groups will most likely increase poverty and inequalities at a national as well as at a global scale. As a result, child poverty and gender disparities are on the rise. For the first time in a decade, the number of unemployed women surpassed the number of unemployed men in the country. Being aware of the impacts of the COVID-19 on the vulnerable groups is fundamental to inform and tailor the responses of governments and partners to recover from the crisis and ensure that no one is left behind.

Impact on Unemployment

45,543 jobs
have been lost
since the start of the pandemic

There is a
43% increase in unemployment
since the pandemic outbreak

Small but steady
job creation
since May 2020

Gender disparity

There is steady
increase in women unemployment
since May 2020

In September 2020 the number of
unemployed women surpassed
that of men for the first time in a decade

June 2020
is the worst month with
12,268 newly unemployed

Women unemployment by age groups

Women unemployment has been (on average)
in constant decline in the last 15 years
across all age groups

First half of 2020 shows various degree
of increase in all age groups
from 30-59 years, likely due to COVID-19

The 50-59-year age group was hit the hardest with
increase in unemployment of nearly 24%
or 3.4 points for the first 6 months of 2020

Urban/Rural Unemployment

Urban/rural distribution of unemployment
is remarkably stable
since the onset of the pandemic

On average
6 out of 10 unemployed
come from urban areas

The spike in unemployment
since April 2020 does not affect
the urban/rural distribution of unemployment

Impact on poverty

The poverty rate was stagnant in recent years
but is expected to rise in 2020 (23.3%)
mainly due to COVID-19

Without the government’s economic and welfare
measures in 2020
the poverty rate would likely have been higher

Roughly one in four citizens
in the country are at risk of poverty
and social exclusion

Impact on child poverty

An additional 16,000 children
will most likely fall below the poverty threshold as a result of COVID-19 crisis

The relative child poverty rate will
increase to an estimated 33.3%
a rate not seen in the past decade

Households with
3+ children
are most at risk of COVID-19 induced poverty