Income Inequality Rate Per Country

Income inequality in a country is affected by the relative growth of incomes at different points in the income distribution.

Income inequality rate per country. The united states wealth inequality which takes into consideration income property and investments is even more pronounced than its income inequality. South africa has the largest wealth inequality gap worldwide where the top 1 of earners take home almost 20 of income and 90 of south african earners take home only 35 of all income. Contrast the income of the richest 10 per cent is 27 times higher than the poorest 10 per cent in countries such as mexico and chile. 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.

In large emerging economies 4 inequalities are high and. Costa rica follows at 20 9 then romania at 17 9 and the united states at 17 8. Income distribution and income inequality why the interest about the distribution of income. S80 s20 is the ratio of the average income of the 20 richest to the 20 poorest.

Income inequality refers to the extent to which income is distributed in an uneven manner among a population. For each of these sub national regions the vertical axis measures the average annual growth rate. Income disparities are so pronounced that america s top 10 percent now average more than nine times as much income as the bottom 90 percent according to data analyzed by uc berkeley economist emmanuel saez. Here s a guide to different ranking systems from wealth distribution to the world happiness report and which countries rate best and worst under each.

P90 p50 of the upper bound value of the ninth decile to the median income. In 1995 per capita income in paraguay 4 670 was twice pcy in egypt 2 960. Among oecd countries south africa has the highest poverty rate of 26 6. Inequality isn t all about 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. The 10 of people with highest income to that of the first decile. P90 p10 is the ratio of the upper bound value of the ninth decile i e. Holding the average level of income fixed a more unequal income distribution means more poverty.

The united states currently holds 41 6 percent of the world s personal wealth making it the richest nation in the world but has a gini coefficient 42 that is the worst of any oecd. The difference between western europe and the united states in this regard is particularly striking.