Gini index12/10/2023 The World Bank labels these annual series, but several observations are missing. It presents the most current and accurate global development data available and includes national, regional, and global estimates. ![]() World Bank collection of development indicators, compiled from officially recognized international sources. For more information and methodology, please see PovcalNet. Income distribution looks at the equality or. Less commonly, people also use it to measure wealth or consumption expenditure distribution. It is a standard economic measure of a country’s income distribution which is based on the Lorenz Curve. Thus a Gini index of 0 represents perfect equality, while an index of 100 implies perfect inequality.ĭata are based on primary household survey data obtained from government statistical agencies and World Bank country departments. The Gini Index or Gini Coefficient is a way of comparing income equality between countries. The Gini index measures the area between the Lorenz curve and a hypothetical line of absolute equality, expressed as a percentage of the maximum area under the line. ![]() A Lorenz curve plots the cumulative percentages of total income received against the cumulative number of recipients, starting with the poorest individual or household. Gini index measures the extent to which the distribution of income or consumption expenditure among individuals or households within an economy deviates from a perfectly equal distribution.
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