Income Inequality Index By Country
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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.
Income inequality index by country. Income inequality is defined by gini index between 0 and 1 where 0 corresponds with perfect equality and 1 corresponds with absolute inequality. Sweden and the united kingdom income year 2018 the slovak republic income year 2017 and switzerland income years 2016 and 2017. Find compare and share oecd data by indicator. Data have been revised for belgium and ireland income year 2017.
Multidimensional poverty index children population ages 0 17 scale 0 1 poverty headcount ratio at 5 50 a day 2011 ppp of population multidimensional poverty headcount ratio household of total households. The data refer to 2010 2017. Income inequality gini index data source. Income from black market economic activity is not included.
The ratio of the average income of the richest 10 to the poorest 10. Social institutions and gender index 2019. According to the wef index income inequality has risen or remained stagnant in 20 of the 29 advanced economies while poverty increased in 17. A gini index of 0 expresses perfect equality while index of 100 expresses maximal inequality.
By country inequality. Based on the most recent gini index estimated from the world bank the five most unequal countries in terms of wealth are. According to the palma ratio figures in the un human development index ukraine norway and slovenia were the most equal countries to live in when considering distribution of income between the. Gender institutions and development database 2014 gid db.
Gini gini index a quantified representation of a nation s lorenz curve. The top 1 of earners take home almost 20 of income and the top 10 take home 65. Thus a gini index of 0 represents perfect equality while an index of 100 implies perfect inequality. South africa 634 namibia 610 haiti 608 botswana 605 central african republic 562 south africa s income inequality has become worse over the years.
The gini coefficient was developed by italian statistician corrado gini in 1912 and today is the most commonly used measurement of wealth or income inequality. A higher gini coefficient means greater inequality. The gini coefficient ranges from 0 0 to 1 100 with 0 representing perfect equality and 1 representing perfect inequality. R p 20 the ratio of the average income of the richest 20 to the poorest 20.
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