Jamaica Records Lowest Poverty Rate in History
The Government of Jamaica welcomes the landmark findings released by the Planning Institute of Jamaica (PIOJ) and the Statistical Institute of Jamaica (STATIN), which confirm that the national poverty rate has declined to 8.2%, the lowest since records began in 1989.
Speaking on Thursday (May 22) during a Post Cabinet Press Briefing, Prime Minister Dr. Andrew Holness hailed the achievement as a defining moment in Jamaica’s modern development journey.
“This is not just a number. This is evidence that the strategies we’ve put in place are working. It is proof that with sound leadership and people-centered policies, we can uplift lives and transform futures,” the Prime Minister said.
The reduction from 16.7% in 2021 to 8.2% in 2023 represents one of the most significant social turnarounds in recent decades. It comes at a time when countries across the globe are grappling with economic instability and social regression in the aftermath of the COVID-19 pandemic.
Prime Minister Holness highlighted that Jamaica’s achievement signals the strength of its economic policy, the impact of expanded employment and training programmes, and the successful strengthening of the social safety network.
Prime Minister Holness noted that while the data is encouraging, the Government remains grounded and fully aware that the work is not done.
“Progress is only meaningful if it is felt. We are committed to making these gains real in the everyday lives of our people,” Dr. Holness said.