Most Income Inequality Country In The World

Based on the most recent gini index estimates from the world bank the five most equal countries in terms of wealth are.

Most income inequality country in the world. According to world bank s poverty and shared prosperity 2020 report the gini coefficient increases about 1 5 points in the five years following major epidemics such. Based on world bank data ranging from 1992 to 2018. The closer to 1 the coefficient is the greater the inequality. 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 even in some of the world s most well developed wealthiest countries.

Has more income inequality than russia 51 and china 52. America is the 39 most unequal country in the world based on the cia recognized gini index. It ranks far worse than. The country saw 7 economic growth.

The world has reached unsustainable levels of economic inequality where the richest 1 of the world population owns more wealth than the remaining 99. See which are the 23 countries where income inequality is out. The 23 countries with the most extreme income inequality in some countries the richest earners make a lot more money than in others. Income inequality has political and economic impacts such as slower gdp growth reduced income mobility greater household debt political polarization and higher poverty rates.

The gini coefficient is a number between 0 and 1 where 0 corresponds with perfect equality where everyone has the same income and 1. It looks at the distribution of a nation s income or wealth where 0 represents complete. Ukraine 241 slovenia 256 norway 259 slovak. This is a list of countries or dependencies by income inequality metrics including gini coefficients.

The gini index is the most widely used measure of inequality see map above. 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. If a country were to have a gini coefficient of 0 that means that everyone would have the same income. Kazakhstan the 9 most equal country based on the cia recognized gini index has a burgeoning economy centered around its rich natural resources including oil.