Which country has the best Gini coefficient?

The countries with the highest Gini coefficients are:

• South Africa – 63.0.
• Namibia – 59.1.
• Zambia – 57.1.
• Sao Tome and Principe – 56.3.
• Eswatini – 54.6.
• Mozambique – 54.0.
• Brazil – 53.9.
• Hong Kong – 53.9.

What is the Gini coefficient of the world?

between 0.61 and 0.68
The Gini coefficient for the entire world has been estimated by various parties to be between 0.61 and 0.68.

What is Germany’s Gini coefficient?

around 0.29
With a Gini coefficient of around 0.29, Germany’s overall income inequality is relatively low by international standards, and just below the OECD average of 0.32.

What is a good Gini index?

It is influenced by the distribution of income between people. Gini index < 0.2 represents perfect income equality, 0.2–0.3 relative equality, 0.3–0.4 adequate equality, 0.4–0.5 big income gap, and above 0.5 represents severe income gap. The Gini coefficient is a measure of inequality of a distribution.

Which country has the highest 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.

Which country has the smallest gap between rich and poor?

Percentage share of income (poorest and richest 20% of population)

Which country has the smallest income gap?

On the opposite end, the following countries have the least income inequality: Azerbaijan – 22.5….The Gini Coefficient

• Zambia – 58.1.
• Mozambique – 53.9.
• Botswana – 53.4.
• Brazil – 53.1.
• Angola – 51.3.
• Colombia – 51.
• Zimbabwe – 50.3.
• Panama – 49.7.

What country has the highest inequality?

What is the Gini coefficient of Norway?

0.25
With a Gini coefficient of 0.25, Norway has the second lowest income inequality after government taxes and transfers across the OECD.

What is Russia’s Gini index?

37.5
Russia’s Gini index score was measured at 37.5 in 2018. In the past two years, the indicator increased, showing higher inequality. Over the observed period, the highest Gini index in Russia was recorded at 41.3 in 2005.

Is high Gini index Good or bad?

In addition, the Gini index can be compared to gross domestic product (GDP) figures. If GDP increases, some take this to mean that the people in a country are doing better. However, if the Gini index is rising as well, it suggest that the majority of the population may not be experiencing increased income.

What does a Gini index of 50 mean?

A Gini coefficient of 50 represents 50 percent concentration in a country’s income distribution. What does it mean to have 50 percent concentration in a country’s income? A Gini of 50 could mean that half the people share all of the income while the other half get nothing.