Income Inequality By Countries

The united kingdom also has a high level of income inequality compared to other developed countries with the income inequality much higher among original incomes compared to disposable incomes.

Income inequality by countries. This is a list of countries by distribution of wealth including gini coefficients wealth distribution can vary greatly from income distribution in a country see list of countries by income equality. Income inequality is quantified via the gini coefficient where 0 is a state of absolute equality when everyone holds the same amount of wealth and 1 is absolute inequality when 1 person holds all the wealth. 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. Income inequality is a major talking point around the world.

Higher gini coefficients signify greater inequality in wealth distribution with 0 being complete equality whereas a value near 1 can arise in a situation where everybody has zero wealth. And some well developed countries are perhaps surprisingly far from the 0 mark. Despite this botswana has a gini coefficient of 605. Portugal has the most income inequality among the eu countries with a gini coefficient of 38 5.

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. The difference between western europe and the united states in this regard is particularly striking. One of the world s poorest countries at its independence in 1966 botswana has since made great strides in development expecting to become a high income country by 2036. Every country will fall between these two extremes.

Wherever possible consumption has been used rather than income. Income distribution and gini indexes for high income economies are calculated directly from the luxembourg income study database using an estimation method consistent with that applied for developing countries. Inequality isn t all about income. Here s a guide to different ranking systems from wealth distribution to the world happiness report and which countries rate best and worst under each.

The 13th international days of statistics and economics prague september 5 7 2019 1664 3 data in our research we explore the sources of income inequality for the v4 countries by decomposing household income and personal income distribution by factor sources at the micro.