What is the Gini coefficient of Chile?
44.4
GINI Index for Chile (SIPOVGINICHL) Download
| 2017: | 44.4 |
|---|---|
| 2016: | . |
| 2015: | 44.4 |
| 2014: | . |
| 2013: | 45.8 |
Which 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 the average Gini score?
41.1
The World Bank’s estimate of the Gini Index for the US was 41.1, and China at 42.1, both slightly higher than the average among all countries of 38.8.
What is the Gini coefficient of Mexico?
around 0.5
Mexico is an upper-middle-income country with a Gini coefficient hovering around 0.5 which places it among the high inequality countries.
What is China’s Gini coefficient?
0.481
That means China’s Gini coefficient (0.481) belongs to a handful of countries with top inequality in the world, not only higher than that of western developed countries, but also above Asia’s average (0.3513).
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 country has the smallest Gini index?
The Gini coefficient was proposed by Gini as a measure of inequality of income or wealth. For OECD countries, in the late 20th century, considering the effect of taxes and transfer payments, the income Gini coefficient ranged between 0.24 and 0.49, with Slovenia being the lowest and Mexico the highest.
How do you read Gini Index?
The Gini coefficient is equal to the area below the line of perfect equality (0.5 by definition) minus the area below the Lorenz curve, divided by the area below the line of perfect equality. In other words, it is double the area between the Lorenz curve and the line of perfect equality.
What is the Gini coefficient of Russia?
37.5
GINI Index for the Russian Federation (SIPOVGINIRUS) Download
| 2018: | 37.5 |
|---|---|
| 2016: | 36.8 |
| 2015: | 37.7 |
| 2014: | 39.9 |
| View All |
How to calculate Gini index?
Firstly,collect the income information for the entire population and arrange the data set in ascending order of income.
Which country has highest Gini coefficient?
– Turkey. – United States. – Lithuania. – Russia. – South Korea. – United Kingdom. – New Zealand. – Latvia.
What is the Gini index?
What does it measure? The Gini Index or Gini Coefficient is a way of comparing income equality between countries. It is a standard economic measure of a country’s income distribution which is based on the Lorenz Curve. Less commonly, people also use it to measure wealth or consumption expenditure distribution.
What is the United States Gini coefficient?
The United States has a Gini coefficient of 41.1. In 2015, the top 1% of earners in the United States averaged 40 times more income than the bottom 90%. In the U.S., poverty is a growing issue, where an estimated 12.3-17.8 percent below the poverty level (see Poverty Rate by Country ).