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In the process, Gini created what we now call the Gini Index. Basically it’s a scale from zero to 100 that allows you to measure just how concentrated income or wealth is in a given country at a ...
The World Bank's estimate of the Gini Index for the US was 41.1, and China at 42.1, both slightly higher than the average among all countries of 38.8.
It lists Lesotho (as of 1995) with the highest Gini index at .632. Sweden has the lowest Gini index, as of 2005, at .230. A Gini index of 0.477 would put the U.S. near countries like Mexico ...
1. The Gini index is often represented graphically through the Lorenz curve, which shows income (or wealth) distribution by plotting the population percentile by income on the horizontal axis and ...
The Sunday Guardian Live on MSN22d
India ranks among world's top equal societies
India has emerged as one of the most equal societies globally, with a Gini Index of 25.5, according to the latest data from the World Bank.
The Gini index is often represented graphically through the Lorenz curve, which shows income (or wealth) distribution by plotting the population percentile by income on the horizontal axis and ...