The poverty monetary decreased 3.6 percentage points in Dominican Republic in the third quarter of 2024 compared to the same period in 2023, to stand at 20.8%, the Ministry of Economy, Planning and Development reported this Friday.
The data, contained in the “Quarterly Bulletin of poverty monetary in Dominican Republic“, indicates that the rate of poverty monetary In the urban area it was reduced by 4 percentage points in the third quarter of 2024 compared to the same period in 2023, going from 24.1% to 20.1%.
Meanwhile, the poverty rural It decreased by 1.16 percentage points in the third quarter of last year, to stand at 24.7%.
He report official added that the rates of poverty monetaryboth in men as in womendecreased in the third quarter of 2024.
Thus, in the women There was a drop of 3.1 percentage points compared to the year 2023, going from 25.7% to 22.6%, while that of the men decreased from 23.0% to 18.9% in the aforementioned period.
The total reduction of poverty monetary general between July and September 2024 was mainly due to the growth of income nominal per capita of Dominican households, the information added.
What is the poverty monetary?
The “poverty monetary“is defined as the situation in which a deficit prevails with respect to an amount of resources considered necessary to acquire a minimum basket of food consumption and certain non-food needs considered essential, such as clothing and footwear, housing, home care, health, education, transportation, among others.
