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For example, South Africa has a Gini coefficient of 63 (highest), the United States is at 41.5, and Ukraine stands with a score of 25 (lowest). [3] Although Brazil and South Africa are often placed in the same category in terms of wealth and income inequality, Brazil has seen more positive results in recent years. In Brazil's case, its Gini ...
Western Africa: Lower middle income 35.3 2021 37.17 2019 Cameroon: Middle Africa: Lower middle income 42.2 2021 46.64 2014 Democratic Republic of the Congo: Middle Africa: Low income 44.7 2020 Republic of the Congo: Middle Africa: Lower middle income 48.9 2011 48.94 2012 Colombia: South America: Upper middle income 54.8 2022 52.90
The GDP data is based on data from the World Bank. [3] The population data is based on data from the UN. [4] 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 ...
The remaining regional averages were: sub-Saharan Africa (44.2), Asia (40.4), Middle East and North Africa (39.2), Eastern Europe and Central Asia (35.4), and High-income Countries (30.9). Using the same method, the United States is claimed to have a Gini index of 36, while South Africa had the highest income Gini index score of 67.8. [51]
Gini: Higher Gini coefficients signify greater inequality in wealth distribution. A Gini coefficient of 0 reflects perfect wealth equality, where all wealth values are the same, while a Gini coefficient of 1 (or 100%) reflects maximal wealth inequality, a situation where a single individual has all the wealth while all others have none.
The adjustment of income for inequality based on the Gini coefficient was first proposed by Amartya Sen in 1976. [3] The adjustment was first applied by the UN on income data in 1993, before later being expanded to the general HDI. [4] All data is from 2013. [1]
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 ...
What Milanovic (2005) [26] calls the “mother of all inequality disputes” emphasizes this debate by using the same data on Gini coefficient from 1950 to 2000 and showing that when countries’ GDP per capita incomes are unweighted by population income inequality increases, but when they are weighted inequality decreases. This has much to do ...