Income Inequality Country Wise

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.

Income inequality country wise. Absolute inequality measures capture increases in absolute rather than relative differences between people s incomes. Share of between country component in global income inequality 1820 2011 source. The observations now reach the year 2017 and coverage is extended to 189 countries including historical entities with over 11 000 data points in total. Find compare and share oecd data by indicator.

The difference between western europe and the united states in this regard is particularly striking. Income inequality in greece had been on the decline for several years but in 2010 it shot back up. There are now almost 3 500 unique country year observations. The current revision wiid4 is the fourth major update of the database.

This is a list of countries by inequality adjusted human development index ihdi as published by the undp in its 2019 human development report according to the 2016 report the ihdi can be interpreted as the level of human development when inequality is accounted for whereas the human development index itself from which the ihdi is derived is an index of potential human development or. Income inequality refers to the extent to which income is distributed in an uneven manner among a population. However in the past few decades they ve seen the middle class shrinking at twice the average rate of. Income disparities are so pronounced that america s top 10 percent now average more than nine times as much income as the bottom 90 percent according to data analyzed by uc berkeley economist emmanuel saez.

If the average income of the top 10 is 100 000 and the average income of the bottom 10 is 10 000 then the absolute difference between the groups is 90 000. The graph shows the percentage of global inequality that is accounted for by. 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. It provides the most comprehensive set of income inequality statistics available and can be downloaded for free.