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2022 37.80 2022 Armenia: Western Asia: Upper middle income 27.9 2022 27.94 2021 Australia: Australia and New Zealand: High income 34.3 2018 34.33 2018 Austria: Western Europe: High income 30.7 2021 30.70 2022 28.1 2021 Azerbaijan: Western Asia: Upper middle income 26.6 2005 26.55 2005 Burundi: Eastern Africa: Low income 37.5
This is list of countries by their inequality adjusted income, as defined and measured by the United Nations Development Programme. [1] The income index is one component of the Human Development Index, but is also used separately. [2] The adjustment of income for inequality based on the Gini coefficient was first proposed by Amartya Sen in 1976 ...
In Europe, the increase in inequality increased more moderately while in North America and Asia, the increase was rapid. In the Middle East, Africa, and Brazil, income inequality did not increase but remained at very high levels. The 2022 World Inequality Report was published on Dec. 7th 2021. [9]
This altered version of Gini coefficient became the most commonly used inequality index in upcoming years. [19] According to data from OECD, Gini coefficient was first officially used country-wide in Canada in the 1970s. Canadian index of income inequality ranged from 0.303 to 0.284 from 1976 to the end of 1980s.
The range of the Gini index is between 0 and 1 (0% and 100%), where 0 indicates perfect equality and 1 (100%) indicates maximum inequality. The Gini index is the most frequently used inequality index. The reason for its popularity is that it is easy to understand how to compute the Gini index as a ratio of two areas in Lorenz curve diagrams ...
The 2022 World Inequality Report, a four-year research project organized by the economists Lucas Chancel, Thomas Piketty, Emmanuel Saez, and Gabriel Zucman, shows that "the world is marked by a very high level of income inequality and an extreme level of wealth inequality". [10]
Climate risks dominate concerns as the world enters the third year of the pandemic, according to the World Economic Forum’s latest global risks report. Climate failure and social inequality top ...
Analysis by Oxford Economics estimated that 25% tariffs implemented across all sectors and predicted retaliatory tariffs would cause Canada's GDP to fall by 2.5% by early 2026, increase its inflation rate to 7.2% by mid-2025, and increase its unemployment rate to 7.9% by the end of 2025 due to an estimated 150,000 layoffs.