Highest Income Inequality By Country

The wealthiest 10 earn nearly 44 times more than the poorest 10.

Highest income inequality by country. Some of the world s poorest countries such as the central african republic have some of the highest gini coefficients 61 3 in this case. Countries with low income gaps tend to be the scandinavian nations denmark sweden and norway are all in the top five along with japan and the czech republic. It is possible for two different lorenz curves to give rise to the same gini coefficient. Where the top 10 of earners control more income than anywhere else.

And trends among the wealthy. It looks at the distribution of a nation s income or wealth where 0 represents complete. The income inequality has reached its highest level in more than 40 years and is fueling social tensions among its residents. The difference between western europe and the united states in this regard is particularly striking.

In fact the top six countries in terms of income inequality are african. A high income country and a low income. Income inequality has increased more rapidly in north america china india and russia than anywhere else notes the world inequality report 2018 produced by the world inequality lab a research center based at the paris school of economics. Furthermore it is possible for the gini coefficient of a developing country to rise due to increasing inequality of income while the number of people in absolute poverty decreases.

This is because the gini coefficient measures relative not absolute wealth. Portugal had made progress in regards to the problem of wealth inequality but a lot of that progress was offset by the economic crisis that hit in the early 2000s. Find compare and share oecd data by indicator. The 10 of people with highest income to that.

Portugal may be sixth on our list but it has the highest income inequality of any developed country in the eu. The gini index is the most widely used measure of inequality see map above. The non african country with the highest income gap is bolivia followed by haiti. While the gini coefficient is a useful tool for analyzing the wealth or income distribution in a country it should not indicate a country s overall wealth or income.

This is a list of countries or dependencies by income inequality metrics including gini coefficients the gini coefficient is a number between 0 and 1 where 0 corresponds with perfect equality where everyone has the same income and 1 corresponds with perfect inequality where one person has all the income and everyone else has no income. P90 p10 is the ratio of the upper bound value of the ninth decile i e.