Zambia Income Inequality Hdi Ranking

A composite index measuring average achievement in three basic dimensions of human development a long and healthy life knowledge and a decent standard of living.

Zambia income inequality hdi ranking. Zambia the source for global inequality data. In 2018 human development index for zambia was 0 59 score. Zambia s income inequality has slowly risen over the past several years. List of errors and corrections.

Under perfect equality the hdi and ihdi are equal. Zambia gini index was 49 5 in 2018 down by 0 00 from the previous year. While unemployment is at 10 in zambia about 84 of those employed are in the informal sector such as agricultural 50 of the population with low earnings. 2019 human development index ranking.

Zambia s hdi for 2018 is 0 591. Human development index of zambia increased from 0 42 score in 1999 to 0 59 score in 2018 growing at an average annual rate of 1 78. The data refer to 2010 2017. The ihdi estimated for 151 countries includes the world and other 150 specific countries captures the losses in human development due to inequality in health education and income.

Income inequality is defined by gini index between 0 and 1 where 0 corresponds with perfect equality and 1 corresponds with absolute inequality. Nations that rank higher on this index have a higher education level a higher lifespan and a higher gross national income per capita than nations with a lower score. Income inequality gini. Gini index measures the extent to which the distribution of income or consumption expenditure among individuals or households within an economy deviates from a perfectly equal distribution.

Income from black market economic activity is not included. Zambia s gini coefficient is 575. However when the value is discounted for inequality the hdi falls to 0 394 a loss of 33 4 percent due to inequality in the distribution of the hdi dimension indices. Human development index is scored using indicators including expectancy per capita income and education.

2018 statistical update web microsite archive hdr 2016 web microsite archive hdr 2015 web microsite archive. A lorenz curve plots the cumulative percentages of total income received against the cumulative number of recipients starting. The greater the difference between the two the greater the inequality.