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It is easy to calculate, allows changes in inequality to be tracked over time, and enables cross-region and cross-country comparisons. But the Gini coefficient is not a perfect measure of inequality.
The US Gini coefficient over time has shown a tendency to increase. Data shows that the Gini coefficient of the USA has been steadily rising since the 1960s.
Nor is that the only problem with the Gini coefficient. Take a hypothetical society in which the top 10% of the population earns 25% of the total income, and so does the bottom 40%. You get a Gini ...
But if the income of the bottom 40% falls by another 45%, to just 4.6% of the total, and all of that lost income once again goes to the top 10%, then the Gini coefficient doesn’t rise all that ...
We recently compiled a report on the 30 Countries with Highest Gini Coefficient and in this article we will look at the country with the highest wealth inequality. Inequality among the Top 10% and ...
The Gini index, or Gini coefficient, is a summary measure of income inequality representing how income distribution varies compared with an equal outcome. States with the lowest Gini index figures ...
We recently compiled a report on the 30 Countries with Highest Gini Coefficient and in this article we will look at the country with the highest wealth inequality. Inequality among the Top 10% and ...
In 2023, Singapore’s Gini coefficient was 0.433 before government transfers and taxes. After adjusting for government transfers and taxes, the figure was 0.371.