Income Inequality In Other Countries

The 10 of people with highest income to that of the first decile.

Income inequality in other countries. Using the most recent figures south africa namibia and haiti are among the most unequal countries in terms of income distribution based on the gini index estimates from the world bank. Global income inequality u s. Inequality manifests itself through a skewed income distribution unequal access to opportunities and regional disparities. P90 p50 of the upper bound value of the ninth decile to the median income.

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. Portugal had made progress in regards to the problem of wealth inequality but a lot of that progress was offset by the economic crisis that hit in the early 2000s. South africa suffers among the highest levels of inequality in the world when measured by the commonly used gini index. Income inequality in other nations is a danger to the entire world.

P90 p10 is the ratio of the upper bound value of the ninth decile i e. According to the credit suisse global wealth report the world s richest 1 percent those with more than 1 million own 44 percent of the world s wealth. Portugal may be sixth on our list but it has the highest income inequality of any developed country in the eu. Income inequality between countries has improved yet income inequality within countries has become worse.

S80 s20 is the ratio of the average income of the 20 richest to the 20 poorest. Wealth concentration versus other countries. And p50 p10 of median income to the upper bound. Today 71 percent of the world s population live in countries where inequality has grown.