The rate of poverty general monetary in the Dominican Republic It stood at 19.0% between April and June of this year, representing a slight improvement compared to the second quarter of 2023, when it stood at 24.2%, for a reduction of 4.45 percentage points.
The data published by the Ministry of EconomyPlanning and Development (Mepyd) show that it is the rate further low registered since the second quarter of 2016, when the poverty overall in the country was 34.7%.
This was due to an increase in income of the homeswhich contributed 6.8 percentage points to the decrease in poverty monetary. Even so, the institution recognizes that both inflation and the distribution of those income reduced the effects of aggregate income by 1.5 percentage points and 0.8 percentage points, respectively.
According to the Mepydthe poverty Monetary is any condition that a home goes through when it lacks the financial resources to access a basic basket of goods and services, taking into account the monthly amount per capita necessary to cover a non-food basket.
Place of residence
The average of the rate of poverty monetary varies depending on where you live: for urban areasthe rate was 18.8% in the second quarter of this year, for a decline of 4.4 percentage points compared to the same period in 2023 (23.2%).
In the urban areas The average was higher, 20.2% between April and June 2024. Even so, there was a low of 4.2 percentage points compared to April-June 2023, when the indicator It stood at 24.4%.
By sex
When analyzing the data by sexhe Quarterly Newsletter of Monetary Poverty records that the economic conditions of the men improved more than those of the women in the second half of this year.
The rate of poverty monetary value stood at 17.9% during this period, for a low 4.4 percentage points compared to what it was in April-June 2023 (22.3%). Meanwhile, the average for the women was 20.0%, 4.5 percentage points less than last year, when it was 24.5%.
