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United Kingdom: Northern Europe: High income 32.4 2021 34.24 2022 35.4 2021 Georgia: Eastern Europe: Upper middle income 33.5 2022 36.93 2021 Ghana: Western Africa: Lower middle income 43.5 2016 43.52 2017 Guinea: Western Africa: Lower middle income 29.6 2018 29.59 2019 Gambia: Western Africa: Low income 38.8 2020 38.76 2021
The majority of European countries have a Gini coefficient between 0.3 and 0.4. These countries, such as Switzerland, Italy, France, and United Kingdom, are situated in the middle of the Great Gatsby Curve. [18] Surprisingly, the United States of America, which is perceived as the country of equal opportunities, is located in the middle of the ...
The Wealth Gini coefficients from 2008 are based on a working paper published by the National Bureau of Economic Research. [5] The Wealth Gini numbers for 2018, 2019, and 2021 come from the Global Wealth Databook by Credit Suisse. [6] [7] [8] * indicates "Wealth inequality in COUNTRY or TERRITORY" or "Income inequality in COUNTRY or TERRITORY ...
Gini coefficients are simple, and this simplicity can lead to oversights and can confuse the comparison of different populations; for example, while both Bangladesh (per capita income of $1,693) and the Netherlands (per capita income of $42,183) had an income Gini coefficient of 0.31 in 2010, [72] the quality of life, economic opportunity and ...
Coefficient of variation (CV) used as a measure of income inequality is conducted by dividing the standard deviation of the income (square root of the variance of the incomes) by the mean of income. Coefficient of variation will be therefore lower in countries with smaller standard deviations implying more equal income distribution.
Gini coefficient (or Gini index) is an indicator that is often used to determine wealth inequality. A Gini coefficient of 0 reflects perfect equality, where all income or wealth values are the same, while a Gini coefficient of 1 (or 100%) reflects maximal inequality among values, a situation where a single individual has all the income while ...
2019: The United Kingdom was doing a lot to reduce one of the widest gap between rich and poor citizens, what has led to getting on the 13th place in the ranking of income inequality in the world. [42] Post-tax Gini coefficient: 0.35. Unemployment rate: 4.3%. GDP per capita: $39 425. Poverty rate: 11.1%. [42]
A complete handout about the Lorenz curve including various applications, including an Excel spreadsheet graphing Lorenz curves and calculating Gini coefficients as well as coefficients of variation. LORENZ 3.0 is a Mathematica notebook which draw sample Lorenz curves and calculates Gini coefficients and Lorenz asymmetry coefficients from data ...