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The Gini coefficient is a number between 0 and 1 or 100, where 0 represents perfect equality (everyone has the same income). ... 2023 47.15 2022 47.2 ... Global Peace ...
The Italian statistician Corrado Gini developed the Gini coefficient and published it in his 1912 paper Variabilità e mutabilità (English: variability and mutability). [16] [17] Building on the work of American economist Max Lorenz, Gini proposed using the difference between the hypothetical straight line depicting perfect equality and the actual line depicting people's incomes as a measure ...
World Inequality Report is a report by the World Inequality Lab at the Paris School of Economics that provides estimates of global income and wealth inequality based on the most recent findings compiled by the World Inequality Database (WID). WID, also referred to as WID.world, is an open source database, that is part of an international ...
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 ...
Zero indicates perfect equality, while 100 indicates perfect inequality. In the Philippines in 2015, the Gini Coefficient was approximately 0.4439. This is a slightly smaller number in comparison to a few years prior (in 2012, 0.4605). This means a bit more even wealth distribution across families. [3]
The IMF's latest World Economic Outlook said the shifts will leave 2024 global GDP growth unchanged from the 3.2% projected in July, setting a lackluster tone for growth as world finance leaders ...
Post-tax Gini coefficient: 0.39. Unemployment rate: 4.4%. GDP per capita: $53 632. Poverty rate: 11.1%. [43] Low unemployment rate and high GDP are signs of the health of the U.S. economy. But there is almost 18% of people living below the poverty line and the Gini coefficient is quite high. That ranks the United States 9th income inequal in ...
The Gini coefficient in 2019 was 88.2% and 89% in 2021, with an increase of 0.8% over this period. [ 23 ] The following table was created from information provided by the Credit Suisse Research Institute's "Global Wealth Databook", Table 3-1, published 2021.