What country has the highest Gini index?
What country has the highest Gini index?
GINI index (World Bank estimate) – Country Ranking
| Rank | Country | Value |
|---|---|---|
| 1 | South Africa | 63.00 |
| 2 | Namibia | 59.10 |
| 3 | Suriname | 57.60 |
| 4 | Zambia | 57.10 |
What is a good Gini index score?
It is influenced by the distribution of income between people. Gini index < 0.2 represents perfect income equality, 0.2–0.3 relative equality, 0.3–0.4 adequate equality, 0.4–0.5 big income gap, and above 0.5 represents severe income gap.
What is Gini coefficient of India?
The Gini (inequality in income distribution) coefficient points to an increasing inequality in India. The coefficient in 2014 was 34.4 per cent (100 per cent indicates full inequality and 0 per cent full equality). The coefficient increased to 35.7 per cent in 2011 and to 47.9 per cent in 2018.
What country has the lowest Gini index?
South Africa
South Africa ranks as the country with the lowest level of income equality in the world, thanks to a Gini coefficient of 63.0 when last measured in 2014.
What is the average Gini index?
A Gini coefficient of zero expresses perfect equality, where all values are the same (e.g. where everyone has the same income)….World income Gini index since 1800s.
| Year | World Gini coefficients |
|---|---|
| 1950 | 0.64 |
| 1960 | 0.64 |
| 1980 | 0.66 |
| 2002 | 0.71 |
WHO calculates the Gini index?
World Bank, Development Research Group. Data are based on primary household survey data obtained from government statistical agencies and World Bank country departments.
What is the Gini coefficient of Thailand?
34.9
Gini index (World Bank estimate) in Thailand was reported at 34.9 in 2019, according to the World Bank collection of development indicators, compiled from officially recognized sources.
Which developed countries have the highest Gini index?
South Africa – 63.0
Is a higher Gini coefficient better?
The better a credit score, the better it is at giving lower scores to riskier applicants, and higher scores to safer applicants. Though calculating a Gini Coefficient is complex, understanding it is fairly simple. A Gini Coefficient is merely a scale of predictive power from 0 to 1.
What is the Gini index?
What is the ‘Gini Index’. The Gini index or Gini coefficient is a statistical measure of distribution developed by the Italian statistician Corrado Gini in 1912. It is often used as a gauge of economic inequality, measuring income distribution or, less commonly, wealth distribution among a population.
What is the Gini ratio?
Gini coefficient. In economics, the Gini coefficient ( /ˈdʒiːni/ JEE-nee ), sometimes called Gini index, or Gini ratio, is a measure of statistical dispersion intended to represent the income or wealth distribution of a nation’s residents, and is the most commonly used measurement of inequality.
