Income Inequality Per Country

The graph shows the percentage of global inequality that is accounted for by.

Income inequality per country. Every country will fall between these two extremes. The above visualization is based on estimates of inflation adjusted average incomes per country gdp per capita and single point estimates of within country income inequality. In a country where everyone has the same income the gini coefficient would be 0. The coefficient ranges from 0 0 to 1 100 with 0 representing perfect equality and 1 representing perfect inequality.

It looks at the distribution of a nation s income or wealth where 0 represents complete. The difference between western europe and the united states in this regard is particularly striking. Income inequality is the result of complex processes with multiple interacting driving forces but understanding those drivers in emerging economies is particularly difficult because of data and analytical challenges. A coefficient of 0 represents perfect equality and a coefficient of 1 represents perfect inequality.

Share of between country component in global income inequality 1820 2011 source. While most middle income countries produce comprehensive household surveys these are subject to limitations. Find compare and share oecd data by indicator. If a country were to have a gini coefficient of 0 that means that everyone would have the same.

The coefficient ranges from 0 to 1 with 0 representing 0 and 1 representing 100. 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 has increased more rapidly in north america china india and russia than anywhere else notes the world inequality report 2018 produced by the world inequality lab a research center based at the paris school of economics. And some well developed countries are perhaps surprisingly far from the 0 mark.

While this gives us a rough idea of how the distribution of incomes changed it is neither very detailed nor very precise. The closer to 1 the coefficient is the greater the inequality. The gini index is the most widely used measure of inequality see map above.