💰 Poverty has decreased by 13 million people in Mexico

💰 Poverty has decreased by 13 million people in Mexico

The share of the population living in poverty has dropped from 41.9 percent to 29.6 percent.

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  • 38.5 million Mexicans lived in poverty in 2024, compared to 51.9 million in 2018.
  • The share of the population living in poverty has dropped from 41.9 percent to 29.6 percent.
  • The minimum wage has almost tripled between 2018 and 2024.

Specific figures on poverty levels

New data from statistics agency INEGI shows that 38.5 million people lived in poverty in Mexico in 2024. This figure is significantly lower than the 51.9 million who lived in poverty in 2018.

Of the 38.5 million people who lived in poverty in 2024, 31.5 million were in "moderate" poverty and 7 million were in "extreme" poverty according to INEGI data.

More than 13 million people have been lifted out of poverty between 2018 and 2024. The share of Mexico's population living in poverty has decreased from 41.9 percent in 2018 to 29.6 percent in 2024.

Factors behind the poverty reduction

The reduction in poverty has been the result of the increase in minimum wage during the period - it has almost tripled between 2018 and 2024. Government welfare programs and improved "access to rights" for citizens have also contributed.

The model has worked because it has reduced both poverty and inequality. There is now greater wealth distribution in the country.

The political movement called the "Fourth Transformation" has been in power since late 2018 and has been credited for Mexico's progress against poverty.

The pandemic's impact on development

The poverty reduction would probably have been greater if the COVID pandemic had not occurred. During the pandemic, GDP fell by about 8 percent in 2020 due to company closures to avoid infections.

The number of people living in poverty actually increased during the first two years, as a result of the pandemic's impact and associated restrictions. After the sharp economic contraction in 2020, the economy recovered in 2021 and 2022.

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