Income Inequality World Rankings

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.

Income inequality world rankings. Income inequality gini index data source. Inequality isn t all about income. At the beginning of this decade the oecd released a report stating that income inequality was at its highest level in over 50 years and these figures demonstrate that level of high inequality. The top 1 of earners take home almost 20 of income and.

South africa 634 namibia 610 haiti 608 botswana 605 central african republic 562 south africa s income inequality has become worse over the years. 1 1 improved data sources to measure income inequality 24 1 2 trends in global income distribution 25. Based on the most recent gini index estimated from the world bank the five most unequal countries in terms of wealth are. Gini index measures the extent to which the distribution of income or in some cases consumption expenditure among individuals or households within an economy deviates from a perfectly equal distribution.

Poverty is relatively widespread with about 42 4 of the population living below the poverty line and about 23 55 of the population living in extreme poverty. Inequality in a rapidly changing world comes as we. Income inequality is defined by gini index between 0 and 1 where 0 corresponds with perfect equality and 1 corresponds with absolute inequality. Income inequality is most obvious in rural areas where more poverty and intergenerational.

The world social report 2020. Usually the top 1. Gini index world bank estimate country ranking. Income from black market economic activity is not included.

Specifically our rankings come from data collected from countries that are part of the oecd organization for economic co operation and development. The data refer to 2010 2017. Top income inequality is measured as the share of total income that goes to the income earners at the very top of the distribution. 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.

Since 1980 the world inequality report data has shown that the share of national income going to the richest 1 percent has increased rapidly in north america defined here as the united states and canada china india and russia and more moderately in europe.