Which country has the best Gini index?
South Africa
GINI index (World Bank estimate) – Country Ranking
| Rank | Country | Value |
|---|---|---|
| 1 | South Africa | 63.00 |
| 2 | Namibia | 59.10 |
| 3 | Suriname | 57.90 |
| 4 | Zambia | 57.10 |
Which of the following country has the highest Gini coefficient in 2020?
South Africa had the highest inequality in income distribution with a Gini score of 63, according to the Gini Index 2020. The Gini coefficient measures the deviation of the distribution of income (or consumption) among individuals or households within a country from a perfectly equal distribution.
Which country has the most inequality?
South Africa is the most unequal country of the region: in 2019, the income share of top 10% households is estimated at 65%. Inequality levels seem to have changed very little, on average, over the last decades.
How do you find the Gini coefficient of a country?
The Gini coefficient can be calculated using the formula: Gini Coefficient = A / (A + B), where A is the area above the Lorenz Curve and B is the area below the Lorenz Curve.
Which country has lowest Gini?
Countries with the highest and lowest Gini coefficients. 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.
Which country has the lowest inequality?
Top 10 Countries with the Lowest Income Inequality (Gini %):
- Belarus — 24.4.
- Armenia — 25.2.
- Czech Republic — 25.3.
- Ukraine — 25.6.
- United Arab Emirates — 26.0.
- Moldova — 26.0.
- Iceland — 26.1.
- Azerbaijan — 26.6.
What is India’s Gini coefficient?
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 is the Gini coefficient of Pakistan?
Gini index in Pakistan was reported at 29.6 in 2018, according to the World Bank collection of development indicators, compiled from officially recognized sources. Pakistan – GINI index – actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2022.
What is Russia Gini coefficient?
36
Russia’s Gini index score was measured at 36 in 2020. The indicator increased from the previous year, which refers to an increase in economic equality. Over the observed period, the highest Gini index in Russia was recorded at 41.3 in 2005.
What is India’s Gini index?
India GINI index was 47.9 % in 2018, unchanged from the previous year.
Is Singapore Gini coefficient high?
Before taxes and transfers, Singapore’s Gini coefficient is low compared with many major developed economies. 4. After taxes and transfers, several countries have a lower Gini coefficient compared to Singapore.
What is the Gini coefficient of Bangladesh?
Gini index in Bangladesh was reported at 32.4 in 2016, according to the World Bank collection of development indicators, compiled from officially recognized sources. Bangladesh – GINI index – actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2022.
What is China’s Gini index?
In 2020, China reached a score of 46.8 (0.468) points. The Gini Index is a statistical measure that is used to represent unequal distributions, e.g. income distribution. It can take any value between 1 and 100 points (or 0 and 1). The closer the value is to 100 the greater is the inequality.