Which country has highest Gini coefficient?
South Africa
GINI index (World Bank estimate) – Country Ranking
| Rank | Country | Value |
|---|---|---|
| 1 | South Africa | 63.00 |
| 2 | Namibia | 59.10 |
| 3 | Suriname | 57.90 |
| 4 | Zambia | 57.10 |
Which state has the highest Gini coefficient?
Puerto Rico
Gini coefficient
| # | Entity | Gini coefficient (2015-2019) |
|---|---|---|
| 1 | Puerto Rico | 0.5486 |
| 2 | New York | 0.5142 |
| 3 | District of Columbia | 0.5269 |
| 4 | Connecticut | 0.4963 |
Is 0.4 A high Gini coefficient?
While most developed European nations tend to have Gini coefficients between 0.24 and 0.36, the United States Gini coefficient is above 0.4, indicating that the United States has greater inequality.
What does a Gini coefficient of 0.35 mean?
Gini index < 0.2 represents perfect income equality, 0.2–0.3 relative equality, 0.3–0.4 adequate equality, 0.4–0.5 big income gap, and above 0.5 represents severe income gap.
Who has the lowest Gini index?
Countries with the highest and lowest Gini coefficients. South Africa ranks as the country with the lowest level of income equality in the world, thanks to a Gini coefficient of 63.0 when last measured in 2014.
What is the Gini coefficient of USA?
The United States has a Gini coefficient of 41.1.
What is the Gini coefficient?
The Gini coefficient (Gini index or Gini ratio) is a statistical measure of economic inequality in a population. The coefficient measures the dispersion of income
What is the Gini index of perfect inequality?
Thus a Gini index of 0 represents perfect equality, while an index of 100 implies perfect inequality. World Bank, Development Research Group. Data are based on primary household survey data obtained from government statistical agencies and World Bank country departments.
Where does the Gbini index come from?
GINI index (World Bank estimate) World Bank, Development Research Group. Data are based on primary household survey data obtained from government statistical agencies and World Bank country departments.
How is the Gini index related to other indicators?
The Gini index is also related to the Pietra index — both of which are a measure of statistical heterogeneity and are derived from Lorenz curve and the diagonal line. . These indicators are related to Gini. The inverse Simpson index increases with diversity, unlike Simpson index and Gini coefficient which decrease with diversity.