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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.
Greenland (2015): Gini Index coefficient. CIA World Factbook. Retrieved on 16 July 2021. Saudi Arabia (2013): The World Factbook. CIA.gov. Central Intelligence Agency. Retrieved on 28 May 2019. Cambodia (2013): Income Gini coefficient. hdr.undp.org. World Bank. Archived from the original on 10 June 2010. Retrieved on 29 January 2020.
Income from black market economic activity is not included. The Gini coefficient is a number between 0 and 1 or 100, where 0 represents perfect equality (everyone has the same income), while an index of 1 or 100 implies perfect inequality (one person has all the income and everyone else has no income).
Gini coefficients are simple, and this simplicity can lead to oversights and can confuse the comparison of different populations; for example, while both Bangladesh (per capita income of $1,693) and the Netherlands (per capita income of $42,183) had an income Gini coefficient of 0.31 in 2010, [72] the quality of life, economic opportunity and ...
It is defined as a ratio with values between 0 and 1: A low Gini coefficient indicates more equal income or wealth distribution, while a high Gini coefficient indicates more unequal distribution. 0 corresponds to perfect equality (everyone having exactly the same income) and 1 corresponds to perfect inequality (where one person has all the ...
English: Gini coefficient diagram, based on the version by Bluemoose/BenFrantzDale. You can think of the horizontal axis as percent of people and the vertical axis as the percent of income those people receive.
According to the CHFS data, in 2010 the household income Gini coefficient was 0.61. Urban China had a 0.58 Gini coefficient while rural China had a Gini coefficient of 0.61. In 2012, the household income Gini coefficient remained at 0.61, as the urban and rural areas had Gini coefficients of 0.59 and 0.58 in 2012, respectively.