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.

This dataset provides values for GINI INDEX WB DATA.HTML. reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

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.