Comparing the *** selected regions regarding the gini index , South Africa is leading the ranking (**** points) and is followed by Namibia with **** points. At the other end of the spectrum is Slovakia with **** points, indicating a difference of *** points to South Africa. The Gini coefficient here measures the degree of income inequality on a scale from * (=total equality of incomes) to *** (=total inequality).The shown data are an excerpt of Statista's Key Market Indicators (KMI). The KMI are a collection of primary and secondary indicators on the macro-economic, demographic and technological environment in more than *** countries and regions worldwide. All input data are sourced from international institutions, national statistical offices, and trade associations. All data has been are processed to generate comparable datasets (see supplementary notes under details for more information).

In 2023, according to the Gini coefficient, household income distribution in the United States was 0.47. This figure was at 0.43 in 1990, which indicates an increase in income inequality in the U.S. over the past 30 years. What is the Gini coefficient? The Gini coefficient, or Gini index, is a statistical measure of economic inequality and wealth distribution among a population. A value of zero represents perfect economic equality, and a value of one represents perfect economic inequality. The Gini coefficient helps to visualize income inequality in a more digestible way. For example, according to the Gini coefficient, the District of Columbia and the state of New York have the greatest amount of income inequality in the U.S. with a score of 0.51, and Utah has the greatest income equality with a score of 0.43. The Gini coefficient around the world The Gini coefficient is also an effective measure to help picture income inequality around the world. For example, in 2018 income inequality was highest in South Africa, while income inequality was lowest in Slovenia.

Graph and download economic data for GINI Index for the United States (SIPOVGINIUSA) from 1963 to 2023 about gini, indexes, and USA.

South Africa had the highest inequality in income distribution in 2024, with a Gini score of **. Its South African neighbor, Namibia, followed in second. The Gini coefficient measures the deviation of income (or consumption) distribution among individuals or households within a country from a perfectly equal distribution. A value of 0 represents absolute equality, and a value of 100 represents absolute inequality. All the 20 most unequal countries in the world were either located in Africa or Latin America & The Caribbean.

Based on the degree of inequality in income distribution measured by the Gini coefficient, Colombia was the most unequal country in Latin America as of 2022. Colombia's Gini coefficient amounted to 54.8. The Dominican Republic recorded the lowest Gini coefficient at 37, even below Uruguay and Chile, which are some of the countries with the highest human development indexes in Latin America. The Gini coefficient explained The Gini coefficient measures the deviation of the distribution of income among individuals or households in a given country from a perfectly equal distribution. A value of 0 represents absolute equality, whereas 100 would be the highest possible degree of inequality. This measurement reflects the degree of wealth inequality at a certain moment in time, though it may fail to capture how average levels of income improve or worsen over time. What affects the Gini coefficient in Latin America? Latin America, as other developing regions in the world, generally records high rates of inequality, with a Gini coefficient ranging between 37 and 55 points according to the latest available data from the reporting period 2010-2023. According to the Human Development Report, wealth redistribution by means of tax transfers improves Latin America's Gini coefficient to a lesser degree than it does in advanced economies. Wider access to education and health services, on the other hand, have been proven to have a greater direct effect in improving Gini coefficient measurements in the region.

The USA: Gini income inequality index: The latest value from 2022 is 41.3 index points, an increase from 39.7 index points in 2021. In comparison, the world average is 38.33 index points, based on data from 28 countries. Historically, the average for the USA from 1963 to 2022 is 38.7 index points. The minimum value, 34.7 index points, was reached in 1980 while the maximum of 41.5 index points was recorded in 2014.

Turkey: Gini income inequality index: The latest value from 2021 is 44.4 index points, an increase from 43 index points in 2020. In comparison, the world average is 35.28 index points, based on data from 71 countries. Historically, the average for Turkey from 2017 to 2021 is 43.42 index points. The minimum value, 42.4 index points, was reached in 2018 while the maximum of 44.4 index points was recorded in 2021.

Puerto Rico: Gini income inequality index: The latest value from is index points, unavailable from index points in . In comparison, the world average is 0.00 index points, based on data from countries. Historically, the average for Puerto Rico from to is index points. The minimum value, index points, was reached in while the maximum of index points was recorded in .

Of the major developed and emerging economies in 2022, South Africa was the most unequal with a Gini coefficient of **. The most equal country in this group was France, with a Gini index of ****. The Gini Index is a measurement of inequality within economies; a lower score indicates more equality while a higher score implies more inequality.

Kazakhstan: Gini income inequality index: The latest value from 2021 is 29.2 index points, an increase from 28.7 index points in 2020. In comparison, the world average is 35.28 index points, based on data from 71 countries. Historically, the average for Kazakhstan from 1996 to 2021 is 30.09 index points. The minimum value, 26.8 index points, was reached in 2015 while the maximum of 39.8 index points was recorded in 2005.

Ghana: Gini income inequality index: The latest value from 2016 is 43.5 index points, an increase from 42.4 index points in 2012. In comparison, the world average is 35.89 index points, based on data from 79 countries. Historically, the average for Ghana from 1987 to 2016 is 39.79 index points. The minimum value, 35.3 index points, was reached in 1987 while the maximum of 43.5 index points was recorded in 2016.

Out of the G20 countries, South Africa, Brazil, and Turkey have the highest levels of income inequality, while France, Canada, and Germany have the lowest levels of inequality. Other G20 countries in the middle have Gini coefficients between 32.5 and 44.0. The Gini coefficient measures the level of income inequality worldwide, where a higher score indicates a higher level of income inequality.

Of the countries included, South Africa had the highest income inequality, with a Gini coefficient of 0.62. It was also the country with the highest inequality level worldwide. Of the OECD members, Costa Rica had the highest income inequality, whereas Slovakia had the lowest.

Proportion of Population Pushed Below the 60% Median Consumption Poverty Line By Out-of-Pocket Health Expenditure: % data was reported at 2.040 % in 2017. This records an increase from the previous number of 2.030 % for 2008. Proportion of Population Pushed Below the 60% Median Consumption Poverty Line By Out-of-Pocket Health Expenditure: % data is updated yearly, averaging 2.030 % from Dec 1996 (Median) to 2017, with 3 observations. The data reached an all-time high of 2.040 % in 2017 and a record low of 1.920 % in 1996. Proportion of Population Pushed Below the 60% Median Consumption Poverty Line By Out-of-Pocket Health Expenditure: % data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Brazil – Table BR.World Bank.WDI: Social: Poverty and Inequality. This indicator shows the fraction of a country’s population experiencing out-of-pocket health impoverishing expenditures, defined as expenditures without which the household they live in would have been above the 60% median consumption but because of the expenditures is below the poverty line. Out-of-pocket health expenditure is defined as any spending incurred by a household when any member uses a health good or service to receive any type of care (preventive, curative, rehabilitative, long-term or palliative care); provided by any type of provider; for any type of disease, illness or health condition; in any type of setting (outpatient, inpatient, at home).;Global Health Observatory. Geneva: World Health Organization; 2023. (https://www.who.int/data/gho/data/themes/topics/financial-protection);Weighted average;This indicator is related to Sustainable Development Goal 3.8.2 [https://unstats.un.org/sdgs/metadata/].

Key information about Australia Gini Coefficient

• Australia Gini Coefficient was reported at 0.324 NA in Jun 2020.
• This records a decrease from the previous number of 0.328 NA for Jun 2018.
• Australia Gini Coefficient data is updated yearly, averaging 0.313 NA from Jun 1995 to 2020, with 16 observations.
• The data reached an all-time high of 0.336 NA in 2008 and a record low of 0.292 NA in 1997.
• Australia Gini Coefficient data remains active status in CEIC and is reported by Australian Bureau of Statistics.
• The data is categorized under Global Database’s Australia – Table AU.H028: Survey of Income and Housing: Equivalized Disposable Household Income.

Gabon: Gini income inequality index: The latest value from 2017 is 38 index points, a decline from 42.2 index points in 2005. In comparison, the world average is 35.51 index points, based on data from 77 countries. Historically, the average for Gabon from 2005 to 2017 is 40.1 index points. The minimum value, 38 index points, was reached in 2017 while the maximum of 42.2 index points was recorded in 2005.

Ireland: Gini income inequality index: The latest value from 2021 is 30.1 index points, an increase from 29.2 index points in 2020. In comparison, the world average is 35.28 index points, based on data from 71 countries. Historically, the average for Ireland from 1987 to 2021 is 32.77 index points. The minimum value, 29.2 index points, was reached in 2020 while the maximum of 37 index points was recorded in 1995.

We update the Gini coefficients of education to include the year 2015, added to the Barro‐Lee data set recently. A panel analysis shows that every five years education inequality falls by 2.8 percentage points. A stable average value is predicted to be 0.22. Kernel densities loose their twin peaks when going from 1955 to later years

CO: Proportion of Population Spending More Than 10% of Household Consumption or Income on Out-of-Pocket Health Care Expenditure: % data was reported at 8.190 % in 2016. This records a decrease from the previous number of 20.010 % for 2008. CO: Proportion of Population Spending More Than 10% of Household Consumption or Income on Out-of-Pocket Health Care Expenditure: % data is updated yearly, averaging 20.010 % from Dec 1997 (Median) to 2016, with 3 observations. The data reached an all-time high of 21.310 % in 1997 and a record low of 8.190 % in 2016. CO: Proportion of Population Spending More Than 10% of Household Consumption or Income on Out-of-Pocket Health Care Expenditure: % data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Colombia – Table CO.World Bank.WDI: Social: Poverty and Inequality. Proportion of population spending more than 10% of household consumption or income on out-of-pocket health care expenditure. Out-of-pocket health expenditure is defined as any spending incurred by a household when any member uses a health good or service to receive any type of care (preventive, curative, rehabilitative, long-term or palliative care); provided by any type of provider; for any type of disease, illness or health condition; in any type of setting (outpatient, inpatient, at home).;Global Health Observatory. Geneva: World Health Organization; 2023. (https://www.who.int/data/gho/data/themes/topics/financial-protection);Weighted average;This is the Sustainable Development Goal indicator 3.8.2[https://unstats.un.org/sdgs/metadata/].

In 2023, South Korea had a Gini coefficient of **** for after-tax income. The Gini coefficient of South Korea has decreased over the past decade. What is the Gini coefficient? The Gini coefficient is a number that ranges from zero to one, used to measure the degree of inequality in income distribution. A Gini coefficient of zero indicates minimum inequality, meaning everyone in the population receives the same adjusted household income. Conversely, a coefficient of one signifies maximum inequality, where one person receives all the adjusted household income while everyone else receives none. Countries typically have a Gini coefficient of income distribution between 0.3 (30 percent) and 0.75 (75 percent). Wealth distribution in South Korea South Korea's economically active population has been increasing over the past decade. Alongside this expansion, the net disposable income in the country has also been rising over the past 20 years. Despite these developments, significant disparities in wealth remain a pressing issue within South Korean society. For example, the wealthiest ** percent of the population had an average monthly income that was more than ** times higher than that of the poorest ** percent in 2023.