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Percentage shares by quintile may not sum to 100 because of rounding.
Income distribution country ranking. The term country used interchangeably with economy does not imply political independence but refers to. Data have been revised for belgium and ireland income year 2017. Its value ranges from 0 or 0 to 1 or 100 with the former representing perfect equality wealth distributed evenly and the latter representing perfect inequality wealth held in few hands. The country and lending groups page provides a complete list of economies classified by income region and lending status and links to previous years classifications.
The coefficient ranges from 0 to 1 with 0 representing 0 and 1 representing 100. The smallest budget per capita exists in the democratic republic of the congo. In 1912 italian sociologist and statistician corrado gini developed a means of measuring wealth distribution within societies known as the gini index or gini coefficient. The classification tables include all world bank members plus all other economies with populations of more than 30 000.
Gini index world bank estimate country ranking. The gini index is used to gauge economic inequality by measuring income distribution or wealth distribution. Average income around the world the worldwide highest income is earned in monaco. Data have been revised for belgium and ireland income year 2017.
Gini index measures the extent to which the distribution of income or in some cases consumption expenditure among individuals or households within an economy deviates from a perfectly equal distribution. New data are available for finland norway sweden and the united kingdom income year 2018 the slovak republic income year 2017 and switzerland income years 2016 and 2017. Income distribution percentage share of income or consumption is the share that accrues to subgroups of population indicated by deciles or quintiles. Income distribution can vary greatly from wealth distribution in a country see list of countries by distribution of wealth.
The average income is calculated by gross national income and population. New data are available for finland norway sweden and the united kingdom income year 2018 the slovak republic income year 2017 and switzerland income years 2016 and 2017.
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