Income Inequality By Country World Bank

Based on the most recent gini index estimates from the world bank the five most equal countries in terms of wealth are.

Income inequality by country world bank. The world bank assigns the world s economies to four income groups low lower middle upper middle and high income countries. 2019 in this case. The closer to 1 the coefficient is the greater the inequality. The gini coefficient is a number between 0 and 1 where 0 corresponds with perfect equality where everyone has the same income and 1.

Counteracted by rising population weighted within country inequality. World bank development research group. Out of 91 economies for which. It means that we will work to increase the incomes and welfare of the less well off wherever they are be it the poorest of nations or in thriving middle income countries.

World map of the gini coefficients by country. The classifications are updated each year on july 1 and are based on gni per capita in current usd using the atlas method exchange rates of the previous year i e. Gini index world bank estimate country ranking. 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.

Data are based on primary household survey data obtained from government statistical agencies and world bank country departments. Data for high income economies are from the luxembourg income study database. Data are based on primary household survey data obtained from government statistical agencies and world bank country departments. Inequality measured by the distribution of income and differences in incomes between different latin american countries learn how the world bank group is helping countries with covid 19 coronavirus.

The world bank is working to promote shared prosperity in the 140 plus client countries we serve. Driven by falling between country inequality convergence in mean incomes but continues to account for 2 3 of global inequality. Ukraine 241 slovenia 256 norway 259 slovak. Gini index world bank estimate world bank development research group.

National inequality around the world gini for average country began to fall in early 2000s.