Income Gap World Ranking

The top 1 of earners take home almost 20 of income and the top 10 take home 65.

Income gap world ranking. The average income is calculated by gross national income and population. Based on the most recent gini index estimated from the world bank the five most unequal countries in terms of wealth are. Lithuania 16 9 latvia 16 8 mexico 16 6 chile 16 5 south africa ha the highest poverty rate in the world of 26 6. Can sort in ascending or descending order.

Gini index world bank estimate country ranking. Luxembourg and qatar would be the richest economy of world on nominal and ppp basis respectively in 2020. In our comparison over 78 countries the usa comes 9th with an average income of 65 760 usd. National accounts survey data fiscal data and wealth rankings.

In nominal gdp per capita ranking ireland is projected to overtake macao sar and norway to attain 3rd rank. Luxembourg and qatar would remain at top spot for next few years as they are ahead of 2nd ranked occupier by huge margin. South africa has the largest wealth inequality gap in the world where the top 1 of earners take home almost 20 of income and 90 of south african earners take home only 35 of all income. R p 10 the ratio of the average income of the richest 10 to the poorest 10.

For this purpose it uses gross national income gni per capita data in u s. Un world bank and cia list income ratios and gini indices click sorting buttons to sort alphabetically or numerically. Low lower middle upper middle and high income. In addition this year s report examines gender gap prospects in the professions of the future.

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. South africa 634 namibia 610 haiti 608 botswana 605 central african republic 562 south africa s income inequality has become worse over the years. Dollars converted from local currency using the world bank atlas method which is applied to smooth exchange rate fluctuations. Average income around the world the worldwide highest income is earned in monaco.

The smallest budget per capita exists in the democratic republic of the congo. Wid world overcomes this limitation by combining different data sources. The world bank classifies economies for analytical purposes into four income groups. Now in its 14th year the global gender gap report 2020 benchmarks 153 countries on their progress towards gender parity in four dimensions.