GINI index (World Bank estimate) World Bank, Development Research Group. Data are based on primary household survey data obtained from government statistical agencies and World Bank country departments. The Gini, which provides a synthetic measure of inequality, ranges from 0 (in case of perfect equality) to 1 (a situation in which one person captures all resources in an economy). This index has been widely used for inequality research and several users asked for its inclusion in the database. GINI index South Africa is the top country by GINI index in the world. As of 2018, GINI index in South Africa was 57.7 %. The top 5 countries also includes Namibia, Sri Lanka, China, and Zambia. The Gini coefficient, sometimes called the Gini Index or Gini ratio, is a statistical measure of distribution intended to represent the income or wealth distribution of a nation. The Gini coefficient was developed by Italian statistician Corrado Gini in 1912, and today is the most commonly used measurement of wealth or income inequality. The World Development Indicators (WDI) is the statistical benchmark that helps measure the progress of development. The WDI provides a comprehensive overview of development drawing on data from the World Bank and more than 30 partners.
16 Apr 2018 Most have no problem with wealth or income inequality. The International Monetary Fund (IMF), not exactly known for leftist leanings, is now warning that inequality is The OECD, a club of mostly rich countries, agrees. budget data for 10 countries, and IMF data for Myanmar. Some of account). The country with the largest decrease in the value of the Gini as a result of this. 15 Aug 2018 A country's Gini Coefficient is a single number between 0 and 1, where For example, a 2017 study from the IMF finds that countries who open 16 Jun 2015 ”Widening income inequality is the defining challenge of our time,” they Also, inequality is far more skewed in developing countries than in
shown by Darvas and Wolff (2016) the Gini index of market income inequality policy tool, in developed countries, for reducing income inequalities (IMF 2014). 28 Jun 2012 should be attributed to the authors and not to the IMF, its Executive Gini coefficients are taken from Eurostat for all countries except the United. cent of the Asian and Pacific countries, income inequality Figure 1.3 Changes in income inequality by country, 1990 and 2014 Nations System Chief Executives Board for Coordination (2017); IMF (2017); World Bank (2018); UNDP (2013);. South Africa is the top country by GINI index in the world. As of 2018, GINI index in South Africa was 57.7 %. The top 5 countries also includes Namibia, In these works, the value of GDP is used as the wealth that country has. and GINI coefficient based on the data of the value of GDP for countries from IMF
The more nearly equal a country's income distribution, the lower its Gini index, e.g., a Scandinavian country with an index of 25. The more unequal a country's income distribution, the higher its Gini index, e.g., a Sub-Saharan country with an index of 50. If income were distributed with perfect equality the index would be zero; if income were Where can I find the GINI coefficients of low-and middle-income countries not covered in the World Bank, WTO, SWIID, or UN databases?
The World Development Indicators (WDI) is the statistical benchmark that helps measure the progress of development. The WDI provides a comprehensive overview of development drawing on data from the World Bank and more than 30 partners. In 1912, Italian sociologist and statistician Corrado Gini developed a means of measuring wealth distribution within societies known as the Gini index or Gini coefficient: its value ranges from 0 (or 0%) to 1 (or 100%), with the former representing perfect equality (wealth distributed evenly) and the latter representing perfect inequality (wealth held in few hands).