Income Inequality Country List

8 of the top 15 countries by inequality gini index are catholic.

Income inequality country list. 11 of the top 16 countries by inequality gini index are latin american and caribbean. This is a list of countries ranked by income inequality among individuals or households. A coefficient of 0 represents perfect equality and a coefficient of 1 represents perfect inequality. The coefficient ranges from 0 to 1 with 0 representing 0 and 1 representing 100.

The difference between western europe and the united states in this regard is particularly striking. The data refer to 2010 2017. World map of the gini coefficients by country. Income from black market economic activity is not included.

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. It is possible for two different lorenz curves to give rise to the same gini coefficient. 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. Furthermore it is possible for the gini coefficient of a developing country to rise due to increasing inequality of income while the number of people in absolute poverty decreases.

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 closer to 1 the coefficient is the greater the inequality. The most widely used measure of inequality is called the gini coefficient which is a number between 0 and 1. This is because the gini coefficient measures relative not absolute wealth.

Based on world bank data ranging from 1992 to 2018. Income inequality is defined by gini index between 0 and 1 where 0 corresponds with perfect equality and 1 corresponds with absolute inequality. 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. These are the countries with the lowest gini coefficients.

Every country will fall between these two extremes. 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. If a country were to have a gini coefficient of 0 that means that everyone would have the same. 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.

When the gini is 0 everyone in the country has the same income and when it is 1 all national income is concentrated in the hands of a single person.