What is the Gini index World Bank?
GINI index (World Bank estimate) Long definition. Gini index measures the extent to which the distribution of income (or, in some cases, consumption expenditure) among individuals or households within an economy deviates from a perfectly equal distribution.
What is the United States Gini coefficient?
In 2020, according to the Gini coefficient, household income distribution in the United States was 0.48.
Is the US Gini coefficient high?
To compare income inequality across countries, the OECD uses the Gini coefficient, a commonly used measure ranging from 0, or perfect equality, to 1, or complete inequality. In 2017, the U.S. had a Gini coefficient of 0.434. In the other G7 nations, the Gini ranged from 0.326 in France to 0.392 in the UK.
What is Australia’s current Gini coefficient?
Australia’s Gini coefficient of 0.33 ranked 11th highest out of 33 OECD countries for which data were available. Chile had the least equal income distribution (Gini coefficient of 0.46) and Slovak Republic the most equal (Gini coefficient of 0.24) (OECD 2021h).
What is the Gini coefficient of Pakistan?
29.6
GINI Index for Pakistan (SIPOVGINIPAK) Download
| 2018: | 29.6 |
|---|---|
| 2016: | . |
| 2015: | 31.3 |
| 2014: | . |
| View All |
What is Sweden Gini coefficient?
Gini index in Sweden was reported at 29.3 in 2019, according to the World Bank collection of development indicators, compiled from officially recognized sources. Sweden – GINI index – actual values, historical data, forecasts and projections were sourced from the World Bank on June of 2022.
What is considered a good Gini coefficient?
A value of 0 indicates perfect equality (where everybody has the same wealth/income) and 1 indicates perfect inequality (that is,where one person owns all the wealth in a country).
How do you calculate a Gini coefficient?
Examples of Gini Coefficient Formula (With Excel Template) Let’s take an example to understand the calculation of the Gini Coefficient in a better manner.
Which country has highest Gini coefficient?
– Turkey. – United States. – Lithuania. – Russia. – South Korea. – United Kingdom. – New Zealand. – Latvia.
How to calculate Gini ratio?
GINI = A / (A + B) How to read the Gini coefficient. The Gini ratio is between 0 and 1. Or, if you make it a percentage, it’s between 0% and 100%. The Gini coefficient = 0 indicates a perfect distribution of income or wealth. This means that each individual has precisely equal income or wealth. The Gini coefficient = 1 represents perfect