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Countries by income inequality gini index.
Income inequality gini coefficient by country. The gini coefficient was developed by italian statistician corrado gini in 1912 and is the most commonly used measurement of wealth or income inequality. In a country where everyone has the same income the gini coefficient would be 0. If a single resident earned all of the income while everyone else earned nothing the coefficient would be 1. 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.
A higher gini coefficient means greater inequality. The coefficient ranges from 0 0 to 1 100 with 0 representing perfect equality and 1 representing perfect inequality. Income inequality is defined by gini index between 0 and 1 where 0 corresponds with perfect equality and 1 corresponds with absolute inequality.
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