Mexico's poverty rate declines from 50% to 43.5% in four years as remittances almost double

FILE - A couple sit on a blanket in Chapultepec Park, in Mexico City, March 4, 2023. The poverty rate in Mexico has declined from 49.9% of the population in 2018 to 43.5% in 2022, according to a study published Thursday, Aug. 10, 2023, by the country’s poverty analysis agency. (AP Photo/Marco Ugarte, File)

MEXICO CITY (AP) — The poverty rate in Mexico has declined from 49.9% of the population in 2018 to 43.5% in 2022, according to a study published Thursday by the country’s poverty analysis agency.

The study by the agency, known as Coneval, showed a decline in a key measure of poverty over the four-year period. The reduction means there were 5.7 million fewer people who reported incomes below the market basket for basics like food and clothing.

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