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A closer look at malaysia s progress against inequality.
Income inequality index malaysia. For developing countries as a whole average inequality has been roughly unchanged over a similar period. However according to official statistics from the prime minister s department inequality has been decreasing steadily since 1970 with the gini coefficient dropping to an all time low of 0 40 in 2014. The unhdp report shows that the richest 10 in malaysia control 38 4 of the economic income as compared to the poorest 10 who control only 1 7. Distribution of pretax national income before all taxes and transfers except pensions and unemployment insurance among adults.
Gini gini index a quantified representation of a nation s lorenz curve. Malaysia the source for global inequality data. Open access high quality wealth and income inequality data developed by an international academic consortium. Malaysia can claim more success than most countries in managing relative inequality.
Between 1970 and 2014 the gini coefficient for malaysia has dropped considerably from 0 51 in 1970 to 0 401 in 2014. Income inequality quintile ratio. Income inequality palma ratio. Income share held by richest 10.
R p 20 the ratio of the average income of the richest 20 to the poorest 20. Income share held by richest 1. They undermine its social fabric and the foundations of long term political stability. Top 1 per cent in other countries pre tax national income notes.
Inequality in education n a. Inequality in income n a. Income share held by poorest 40. A gini index of 0 expresses perfect equality while index of 100 expresses maximal inequality.
This means that over the last 40 years the income inequality in malaysia has reduced and the total income is more evenly spread throughout the population. Inequality in life expectancy n a. As the graph below shows over the past 31 years this indicator reached a maximum value of 49 10 in 1997 and a minimum value of 41 00 in 2015. As a plural society malaysia cannot afford to have considerable presence of poverty and inequality.
Top 1 per cent malaysia vs. The gini index of household incomes fell from 0 51 in 1970 to 0 40 in 2016. Evolution of income inequality.
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Department Of Statistics Malaysia Official Portal
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