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The Gini coefficient is a number between 0 and 1 or 100, where 0 represents perfect equality (everyone has the same income). Meanwhile, an index of 1 or 100 implies perfect inequality (one person has all the income, and everyone else has no income).
China's government publishes an official yearly calculation of the country's Gini index. Beginning in 2008, China's Gini coefficient has decreased. [13]: 405 According to these reports, the average Gini coefficient between residents was .475 between the years of 2003 and 2018, reaching a high of 0.491 in 2008 and a low of 0.462 in 2015. [14]
In the past decade or so, China's Gini coefficient [3] has generally been fluctuating and declining. After reaching its highest point of 0.491 in 2008, the Gini coefficient of the national per capita disposable income has shown a fluctuating downward trend since 2009. It dropped to 0.468 in 2020, with a cumulative decrease of 0.023.
The Wealth Gini coefficients from 2008 are based on a working paper published by the National Bureau of Economic Research. [5] The Wealth Gini numbers for 2018, 2019, and 2021 come from the Global Wealth Databook by Credit Suisse. [6] [7] [8] * indicates "Wealth inequality in COUNTRY or TERRITORY" or "Income inequality in COUNTRY or TERRITORY ...
This is a list of countries by inequality-adjusted Human Development Index (IHDI), as published by the UNDP in its 2024 Human Development Report.According to the 2016 Report, "The IHDI can be interpreted as the level of human development when inequality is accounted for", whereas the Human Development Index itself, from which the IHDI is derived, is "an index of potential human development (or ...
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China has been one of the fastest growing economies in the world since the implementation of its reform policies in the late 1970s. This economic growth has been accompanied by a rapid increase in income inequality that China's Gini coefficient increased from 0.310 in 1981 to 0.468 in 2018. [1]
Income inequality decreased in the 2010s, [316] and China's Gini coefficient was 0.357 in 2021. [ 11 ] In March 2024, China ranked second in the world, after the U.S., in total number of billionaires and total number of millionaires , with 473 Chinese billionaires [ 317 ] and 6.2 million millionaires. [ 307 ]