Income Inequality World Bank

Income inequality gini index data source.

Income inequality world bank. Income from black market economic activity is not included. Income inequality is defined by gini index between 0 and 1 where 0 corresponds with perfect equality and 1 corresponds with absolute inequality. The best source for distributional data with global coverage is the world bank s povcalnet. The main indicators of income inequality the gini coefficient and the share of income held by the 1st 2nd 3rd 4th and 5th quintiles are taken from brueckner et al.

Out of 91 economies for which. The overall level of income inequality in a country is an important dimension of welfare with. 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. Based on world bank data ranging from 1992 to 2018.

Income increased fivefold between 1964 and 1990 yet the gini coefficient barely moved declining from 32 2 to 30 1 since income inequality tends to remain stable over time economic growth can be expected to reduce poverty at least to some extent. The world bank group works in every major area of development. We provide a wide array of financial products and technical assistance and we help countries share and apply innovative knowledge and solutions to the challenges they face. Exactly how much growth actually reduces poverty depends on at least two factors.

This is a list of countries or dependencies by income inequality metrics including gini coefficients. The data refer to 2010 2017. The world bank is working to promote shared prosperity in the 140 plus client countries we serve. Gini index world bank estimate world bank development research group.

Income inequality estimates are usually not fully comparable across countries in different world regions. Brueckner et al s 2015 primary data source is the un wider world income inequality database.