Income Inequality By Country Ranking

Income inequality is defined by gini index between 0 and 1 where 0 corresponds with perfect equality and 1 corresponds with absolute inequality.

Income inequality by country ranking. The data refer to 2010 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. Income inequality is defined as a measure that highlights the gap between different individuals or households disposable income in a particular year and in a given country. The coefficient ranges from 0 to 1 with 0 representing 0 and 1 representing 100.

Income from black market economic activity is not included. 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. Find compare and share oecd data by indicator. 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.

This is a list of countries ranked by income inequality among individuals or households. Inequality isn t all about income. The difference between western europe and the united states in this regard is particularly striking. The coefficient ranges from 0 0 to 1 100 with 0 representing perfect equality and 1 representing perfect inequality.

Ranking of the 20 countries with the biggest inequality in income distribution in 2017 based on the gini index gini index exclusive premium statistic. A coefficient of 0 represents perfect equality and a coefficient of 1 represents perfect inequality. The gini index is used to gauge economic inequality by measuring income distribution or wealth distribution. If a single resident earned all of the income while everyone else earned nothing the coefficient would be 1.