GINI index are Catholic. Brazil has ranked in the top 3 for inequality > GINI index since 1996. High values for this ratio suggest that there are considerable disparities in the distribution of income between upper and lower income groups. Another limitation of the Gini coefficient is that it is not additive across groups, i.e. Crossref. Lesotho is a lower-middle-income country with high poverty rates and unemployment rates. In South Africa, the wealthiest 10% own 71% of the wealth, while the poorest 60% own just 7%. But economic gaps have continued to grow as the very richest amass unprecedented levels of wealth. Economic Freedom, Income Inequality and Life Satisfaction in OECD Countries Johan Graafland1,2 • Bjorn Lous2 Published online: 12 August 2017 The Author(s) 2017. When we analyze countries within each group separately, interesting patterns emerge. If income were distributed with perfect equality the index would be zero; if income were distributed with perfect inequality, the index would be 100. Data show the ratio of the income or expenditure share of the richest group to that of the poorest. Inequality measured by the distribution of income and differences in incomes between different Latin American countries. The cumulative income or wealth of the population is plotted on the vertical axis. Slovenia is the country with the best income equality in 2018. Regional inequality: facts and forces. Figure notes Figure EQ1.1, Panel A: Gini coefficients refer to mid-2000s for Greece and Switzerland. Compare that to the situation in Brazil and South Africa, where middle income workers earn roughly 7x less than in the U.S.. Income inequality is quantified via the Gini coefficient - where 0 is a state of absolute equality, when everyone holds the same amount of wealth, and 1 is absolute inequality, when 1 person holds all the wealth. "The people at the bottom in … Gini index is a measure of income inequality. With 189 member countries, staff from more than 170 countries, and offices in over 130 locations, the World … Higher gini index for a nation means more income difference between its people. 2010. Inequality measured by the distribution of income and differences in incomes between different Latin American countries. The data refer to 2010-2017. Yet, this association is rather loose. Who We Are. Data and research on social and welfare issues including families and children, gender equality, GINI coefficient, well-being, poverty reduction, human capital and inequality., Evidence on income distribution and poverty in OECD countries since the mid-80s, using data that correct for many of the features that limit cross-country and intertemporal comparisons in this field. The U.S. has the highest Gini coefficient among the G7 nations. Lafuente Lechuga, Matilde; Losa Carmona, Antonio; Sánchez Martínez, Antonio. Advanced economies, on the other hand, display lower income inequality. The country scored 23.4 points, which is less than half of America’s score for the same year. High inequality can be detrimental for macroeconomic stability and for sustained long-term growth. Some countries have reduced the numbers of people living in extreme poverty. In 2010, its Gini index was 41.0 which is quite high and in it while the top 20 per cent of population received 46 per cent of income, the bottom 20 per cent had only 4.7 per cent share in national income. Crossref. Poverty is high in Haiti, with about 59% of Haitians living on less than $2 per day and GDP growth is very slow. With a Gini coefficient of .0625, South Africa is the second-most unequal country in the world. The more unequal a country's income distribution, the higher its Gini index, e.g., a Sub-Saharan country with an index of 50. Policies can be designed to tackle inequality without negative repercussions for growth. It provides the most comprehensive set of income inequality statistics available and can be downloaded for free. If income were distributed with perfect equality the index would be zero; if income were distributed with perfect inequality, the index would be 100. Data and research on social and welfare issues including families and children, gender equality, GINI coefficient, well-being, poverty reduction, human capital and inequality., Evidence on income distribution and poverty in OECD countries since the mid-80s, using data that correct for many of the features that limit cross-country and intertemporal comparisons in this field. Lesotho has a Gini coefficient of .632, making it have the highest income inequality in the world. World Bank, Development Research Group. One may think that it is primarily due to differences in regional prices—for example, $100 can buy more goods and services in Missouri than in New Jersey. Chien-Chiang Lee, En-Ze Wang, Economic Complexity and Income Inequality: Does Country Risk Matter?, Social Indicators Research, 10.1007/s11205-020-02543-0, (2020). Income inequality is measured by Gini coefficient and shows how evenly incomes are distributed among the population of a given country. Despite this, Botswana has a Gini coefficient of .605. Income distribution can vary greatly from wealth distribution in a country (see List of countries by distribution of wealth). Wealth distribution can vary greatly from income distribution in a country (see List of countries by income equality). Income from black market economic activity is not included. (Source: United Nations World Income Inequality Database) Wealth inequality in the world varies significantly according to country. There were rises in inequality in some of the world most populous countries, including China, India, the US and Indonesia (together accounting for around 45% of world population). Income inequality has both economic and political impacts on a nation. Leadership, organization, and history. Find a country by name. Sonan Memon, Irfan A. Qureshi, Income inequality and macroeconomic instability, Review of Development Economics, 10.1111/rode.12730, 0, 0, (2020). It is important to note that while the Gini coefficient is a useful tool for analyzing wealth or income distribution, is not an absolute measurement of a country’s wealth. Global inequality has fallen in the past three decades. While unemployment is at 10% in Zambia, about 84% of those employed are in the informal sector, such as agricultural (50% of the population) with low earnings. We rely on estimates from two online databases: PovcalNet, run by the World Bank, and the Chartbook of Economic Inequality, which I published together with Tony Atkinson, Salvatore Morelli, and Max Roser. Income is defined as household disposable income in a particular year. Policies can be designed to tackle inequality without negative repercussions for growth. The World Income Inequality Database (WIID) presents information on income inequality for developed, developing, and transition countries. In the developed country of the US, inequalities in income distribution are quite large. Lars Pelke, Economic inequality, income, … Global inequality has fallen in the past three decades. High-income and low-income countries can have the same Gini coefficient. This is much longer than other estimates of income inequality allow (as is the case with estimates that rely on income survey data). Highlight countries. Portugal has the most income inequality among the EU countries with a Gini coefficient of 38.5. Furthermore it is possible for the Gini coefficient of a developing country to rise (due to increasing inequality of income) while the number of people in absolute poverty decreases. Higher gini index for a nation means more income difference between its people. The coefficient ranges from 0 (0%) to 1 (100%), with 0 representing perfect equality and 1 representing perfect inequality. Income Distribution Database : by country - INEQUALITY Customise . Guatemala’s Gini coefficient is .53. Based on the most recent Gini index estimated from the World Bank, the five most unequal … yearly; quarterly; monthly; latest data available. Income inequality is the result of complex processes with multiple interacting driving forces but understanding those drivers in emerging economies is particularly difficult because of data and analytical challenges. High inequality can be detrimental for macroeconomic stability and for sustained long-term growth. A nation where every individual's income is equal would have a gini index of 0. Additionally, the Gini coefficient may be inaccurate and overstate income inequality due to limitations such as a lack of reliable and up-to-date GDP and income information. Haiti’s Gini coefficient is .608. This is much longer than other estimates of income inequality allow (as is the case with estimates that rely on income survey data). Poverty is relatively widespread, with about 42.4% of the population living below the poverty line and about 23.55 of the population living in extreme poverty. However, in most countries—especially advanced economies—within-country inequality has increased. Despite the widespread inequality, Paraguay has reduced its poverty significantly in recent years as its economy continues to grow and is expected to continue to do so in the coming years. Disparity of income between regions has been large in many advanced countries. One of the world’s poorest countries at its independence in 1966, Botswana has since made great strides in development, expecting to become a high-income country by 2036. Thermic Supermax Battery Replacement, Walabot Diy Plus Review, Stilton Sauce For Chicken, Monarch Butterflies For Release, Marine Online Cac Access, Embedded Digital Signal Processing, Microsoft Surface Headphones Price, Food Plating Trends 2020, Egyptian Plover And Crocodile, Benefits Of Working For A Nonprofit Organizations, Lg Induction Range Black Stainless, Sylvan Lake Weather Hourly, Inadina Ask Episode 27 English Subtitles, Class D Airspace Radius, Airbnb Boat Rentals Near Me, " /> GINI index are Catholic. Brazil has ranked in the top 3 for inequality > GINI index since 1996. High values for this ratio suggest that there are considerable disparities in the distribution of income between upper and lower income groups. Another limitation of the Gini coefficient is that it is not additive across groups, i.e. Crossref. Lesotho is a lower-middle-income country with high poverty rates and unemployment rates. In South Africa, the wealthiest 10% own 71% of the wealth, while the poorest 60% own just 7%. But economic gaps have continued to grow as the very richest amass unprecedented levels of wealth. Economic Freedom, Income Inequality and Life Satisfaction in OECD Countries Johan Graafland1,2 • Bjorn Lous2 Published online: 12 August 2017 The Author(s) 2017. When we analyze countries within each group separately, interesting patterns emerge. If income were distributed with perfect equality the index would be zero; if income were distributed with perfect inequality, the index would be 100. Data show the ratio of the income or expenditure share of the richest group to that of the poorest. Inequality measured by the distribution of income and differences in incomes between different Latin American countries. The cumulative income or wealth of the population is plotted on the vertical axis. Slovenia is the country with the best income equality in 2018. Regional inequality: facts and forces. Figure notes Figure EQ1.1, Panel A: Gini coefficients refer to mid-2000s for Greece and Switzerland. Compare that to the situation in Brazil and South Africa, where middle income workers earn roughly 7x less than in the U.S.. Income inequality is quantified via the Gini coefficient - where 0 is a state of absolute equality, when everyone holds the same amount of wealth, and 1 is absolute inequality, when 1 person holds all the wealth. "The people at the bottom in … Gini index is a measure of income inequality. With 189 member countries, staff from more than 170 countries, and offices in over 130 locations, the World … Higher gini index for a nation means more income difference between its people. 2010. Inequality measured by the distribution of income and differences in incomes between different Latin American countries. The data refer to 2010-2017. Yet, this association is rather loose. Who We Are. Data and research on social and welfare issues including families and children, gender equality, GINI coefficient, well-being, poverty reduction, human capital and inequality., Evidence on income distribution and poverty in OECD countries since the mid-80s, using data that correct for many of the features that limit cross-country and intertemporal comparisons in this field. The U.S. has the highest Gini coefficient among the G7 nations. Lafuente Lechuga, Matilde; Losa Carmona, Antonio; Sánchez Martínez, Antonio. Advanced economies, on the other hand, display lower income inequality. The country scored 23.4 points, which is less than half of America’s score for the same year. High inequality can be detrimental for macroeconomic stability and for sustained long-term growth. Some countries have reduced the numbers of people living in extreme poverty. In 2010, its Gini index was 41.0 which is quite high and in it while the top 20 per cent of population received 46 per cent of income, the bottom 20 per cent had only 4.7 per cent share in national income. Crossref. Poverty is high in Haiti, with about 59% of Haitians living on less than $2 per day and GDP growth is very slow. With a Gini coefficient of .0625, South Africa is the second-most unequal country in the world. The more unequal a country's income distribution, the higher its Gini index, e.g., a Sub-Saharan country with an index of 50. Policies can be designed to tackle inequality without negative repercussions for growth. It provides the most comprehensive set of income inequality statistics available and can be downloaded for free. If income were distributed with perfect equality the index would be zero; if income were distributed with perfect inequality, the index would be 100. Data and research on social and welfare issues including families and children, gender equality, GINI coefficient, well-being, poverty reduction, human capital and inequality., Evidence on income distribution and poverty in OECD countries since the mid-80s, using data that correct for many of the features that limit cross-country and intertemporal comparisons in this field. Lesotho has a Gini coefficient of .632, making it have the highest income inequality in the world. World Bank, Development Research Group. One may think that it is primarily due to differences in regional prices—for example, $100 can buy more goods and services in Missouri than in New Jersey. Chien-Chiang Lee, En-Ze Wang, Economic Complexity and Income Inequality: Does Country Risk Matter?, Social Indicators Research, 10.1007/s11205-020-02543-0, (2020). Income inequality is measured by Gini coefficient and shows how evenly incomes are distributed among the population of a given country. Despite this, Botswana has a Gini coefficient of .605. Income distribution can vary greatly from wealth distribution in a country (see List of countries by distribution of wealth). Wealth distribution can vary greatly from income distribution in a country (see List of countries by income equality). Income from black market economic activity is not included. (Source: United Nations World Income Inequality Database) Wealth inequality in the world varies significantly according to country. There were rises in inequality in some of the world most populous countries, including China, India, the US and Indonesia (together accounting for around 45% of world population). Income inequality has both economic and political impacts on a nation. Leadership, organization, and history. Find a country by name. Sonan Memon, Irfan A. Qureshi, Income inequality and macroeconomic instability, Review of Development Economics, 10.1111/rode.12730, 0, 0, (2020). It is important to note that while the Gini coefficient is a useful tool for analyzing wealth or income distribution, is not an absolute measurement of a country’s wealth. Global inequality has fallen in the past three decades. While unemployment is at 10% in Zambia, about 84% of those employed are in the informal sector, such as agricultural (50% of the population) with low earnings. We rely on estimates from two online databases: PovcalNet, run by the World Bank, and the Chartbook of Economic Inequality, which I published together with Tony Atkinson, Salvatore Morelli, and Max Roser. Income is defined as household disposable income in a particular year. Policies can be designed to tackle inequality without negative repercussions for growth. The World Income Inequality Database (WIID) presents information on income inequality for developed, developing, and transition countries. In the developed country of the US, inequalities in income distribution are quite large. Lars Pelke, Economic inequality, income, … Global inequality has fallen in the past three decades. High-income and low-income countries can have the same Gini coefficient. This is much longer than other estimates of income inequality allow (as is the case with estimates that rely on income survey data). Highlight countries. Portugal has the most income inequality among the EU countries with a Gini coefficient of 38.5. Furthermore it is possible for the Gini coefficient of a developing country to rise (due to increasing inequality of income) while the number of people in absolute poverty decreases. Higher gini index for a nation means more income difference between its people. The coefficient ranges from 0 (0%) to 1 (100%), with 0 representing perfect equality and 1 representing perfect inequality. Income Distribution Database : by country - INEQUALITY Customise . Guatemala’s Gini coefficient is .53. Based on the most recent Gini index estimated from the World Bank, the five most unequal … yearly; quarterly; monthly; latest data available. Income inequality is the result of complex processes with multiple interacting driving forces but understanding those drivers in emerging economies is particularly difficult because of data and analytical challenges. High inequality can be detrimental for macroeconomic stability and for sustained long-term growth. A nation where every individual's income is equal would have a gini index of 0. Additionally, the Gini coefficient may be inaccurate and overstate income inequality due to limitations such as a lack of reliable and up-to-date GDP and income information. Haiti’s Gini coefficient is .608. This is much longer than other estimates of income inequality allow (as is the case with estimates that rely on income survey data). Poverty is relatively widespread, with about 42.4% of the population living below the poverty line and about 23.55 of the population living in extreme poverty. However, in most countries—especially advanced economies—within-country inequality has increased. Despite the widespread inequality, Paraguay has reduced its poverty significantly in recent years as its economy continues to grow and is expected to continue to do so in the coming years. Disparity of income between regions has been large in many advanced countries. One of the world’s poorest countries at its independence in 1966, Botswana has since made great strides in development, expecting to become a high-income country by 2036. 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income inequality by country

Select background. It means that we will work to increase the incomes and welfare of the less well-off wherever they are, be it the poorest of nations or in thriving, middle-income countries. Income inequality is often represented in a statistical form, measuring percentage of incomes for different groups vs the entire population. «, List of countries by distribution of wealth, List of countries by inequality-adjusted HDI, List of countries by share of income of the richest one percent, List of countries by percentage of population living in poverty, "GINI index (World Bank estimate) | Data", Underground economy and income inequality: two connected aspects in the oncoming context of Italian federalism, The Size of the Shadow Economies of 145 Countries all over the World: First Results over the Period 1999 to 2003, Household income or consumption by percentage share (%), Distribution of family income – Gini index, Análisis de la evolución de la desigualdad económica mundial en los últimos años, "Gini coefficient of equivalised disposable income – EU-SILC survey", "Income Distribution and Poverty : by country –I nequalityY", "An Overview of Growing Income Inequalities in OECD Countries: Main Findings", Global Peace Index Map of Gini data for 2007–2010, Shadow economies all over the world : new estimates for 162 countries from 1999 to 2007, Number of broadband Internet subscriptions, Current real density based on food growing capacity, Antiviral medications for pandemic influenza, Percentage suffering from undernourishment, Health expenditure by country by type of financing, Programme for the International Assessment of Adult Competencies, Progress in International Reading Literacy Study, Trends in International Mathematics and Science Study, List of top international rankings by country, https://en.wikipedia.org/w/index.php?title=List_of_countries_by_income_equality&oldid=990792309, Short description is different from Wikidata, Wikipedia articles in need of updating from June 2020, All Wikipedia articles in need of updating, Articles with tables with fixed row numbers, Creative Commons Attribution-ShareAlike License, This page was last edited on 26 November 2020, at 15:04. Namibia’s Gini coefficient is .597, a big improvement from its 2003 coefficient of .633. Income inequality is defined by GINI index between 0 and 1, where 0 corresponds with perfect equality and 1 corresponds with absolute inequality. All; OECD (37) European Union (27) Euro Area (19) G7; G20; None; Time. This is a list of countries or dependencies by income inequality metrics, including Gini coefficients.The Gini coefficient is a number between 0 and 1, where 0 corresponds with perfect equality (where everyone has the same income) and 1 corresponds with perfect inequality (where one person has all the income—and everyone else has no income). Income Inequality by Country. Historical top income inequality estimates are reconstructed from income tax records, and for many countries these estimates give us insights into the evolution of inequality over more than 100 years. [2][3], Other estimates for the World: Gini = 63.0 in 2006 (Lafuente et al, 2006).[10]. Another limitation of the Gini coefficient is that it is not additive across groups, i.e. This week we are discussing Income Inequality Within a Country. This is a list of countries by distribution of wealth, including Gini coefficients. Definition of Income inequality . The World Bank is working to promote shared prosperity in the 140-plus client countries we serve. But economic gaps have continued to grow as the very richest amass unprecedented levels of wealth. "The people at the bottom in … Disparity of income between regions has been large in many advanced countries. Learn how the World Bank Group is helping countries with COVID-19 (coronavirus). UN, World Bank and CIA list – income ratios and Gini indices, Gini coefficient, before taxes and transfers, Gini coefficient, after taxes and transfers, Kosovo is the subject of a territorial dispute between the. According to the Palma ratio figures in the UN Human Development Index, Ukraine, Norway and Slovenia were the most equal countries to live in when considering distribution of income … Hong Kong’s Gini coefficient is .539, the highest of any developed economy. The World Income Inequality Database (WIID) presents information on income inequality for developed, developing, and transition countries. If a single resident earned all of the income while everyone else earned nothing, the coefficient would be 1. The average of Gini index scores in this map is about 40. These include political polarization, negative attitudes towards the wealthy, slower GDP growth, reduced income mobility, higher poverty rates, and greater household debt. 8 of the top 15 countries by inequality > GINI index are Catholic. Brazil has ranked in the top 3 for inequality > GINI index since 1996. High values for this ratio suggest that there are considerable disparities in the distribution of income between upper and lower income groups. Another limitation of the Gini coefficient is that it is not additive across groups, i.e. Crossref. Lesotho is a lower-middle-income country with high poverty rates and unemployment rates. In South Africa, the wealthiest 10% own 71% of the wealth, while the poorest 60% own just 7%. But economic gaps have continued to grow as the very richest amass unprecedented levels of wealth. Economic Freedom, Income Inequality and Life Satisfaction in OECD Countries Johan Graafland1,2 • Bjorn Lous2 Published online: 12 August 2017 The Author(s) 2017. When we analyze countries within each group separately, interesting patterns emerge. If income were distributed with perfect equality the index would be zero; if income were distributed with perfect inequality, the index would be 100. Data show the ratio of the income or expenditure share of the richest group to that of the poorest. Inequality measured by the distribution of income and differences in incomes between different Latin American countries. The cumulative income or wealth of the population is plotted on the vertical axis. Slovenia is the country with the best income equality in 2018. Regional inequality: facts and forces. Figure notes Figure EQ1.1, Panel A: Gini coefficients refer to mid-2000s for Greece and Switzerland. Compare that to the situation in Brazil and South Africa, where middle income workers earn roughly 7x less than in the U.S.. Income inequality is quantified via the Gini coefficient - where 0 is a state of absolute equality, when everyone holds the same amount of wealth, and 1 is absolute inequality, when 1 person holds all the wealth. "The people at the bottom in … Gini index is a measure of income inequality. With 189 member countries, staff from more than 170 countries, and offices in over 130 locations, the World … Higher gini index for a nation means more income difference between its people. 2010. Inequality measured by the distribution of income and differences in incomes between different Latin American countries. The data refer to 2010-2017. Yet, this association is rather loose. Who We Are. Data and research on social and welfare issues including families and children, gender equality, GINI coefficient, well-being, poverty reduction, human capital and inequality., Evidence on income distribution and poverty in OECD countries since the mid-80s, using data that correct for many of the features that limit cross-country and intertemporal comparisons in this field. The U.S. has the highest Gini coefficient among the G7 nations. Lafuente Lechuga, Matilde; Losa Carmona, Antonio; Sánchez Martínez, Antonio. Advanced economies, on the other hand, display lower income inequality. The country scored 23.4 points, which is less than half of America’s score for the same year. High inequality can be detrimental for macroeconomic stability and for sustained long-term growth. Some countries have reduced the numbers of people living in extreme poverty. In 2010, its Gini index was 41.0 which is quite high and in it while the top 20 per cent of population received 46 per cent of income, the bottom 20 per cent had only 4.7 per cent share in national income. Crossref. Poverty is high in Haiti, with about 59% of Haitians living on less than $2 per day and GDP growth is very slow. With a Gini coefficient of .0625, South Africa is the second-most unequal country in the world. The more unequal a country's income distribution, the higher its Gini index, e.g., a Sub-Saharan country with an index of 50. Policies can be designed to tackle inequality without negative repercussions for growth. It provides the most comprehensive set of income inequality statistics available and can be downloaded for free. If income were distributed with perfect equality the index would be zero; if income were distributed with perfect inequality, the index would be 100. Data and research on social and welfare issues including families and children, gender equality, GINI coefficient, well-being, poverty reduction, human capital and inequality., Evidence on income distribution and poverty in OECD countries since the mid-80s, using data that correct for many of the features that limit cross-country and intertemporal comparisons in this field. Lesotho has a Gini coefficient of .632, making it have the highest income inequality in the world. World Bank, Development Research Group. One may think that it is primarily due to differences in regional prices—for example, $100 can buy more goods and services in Missouri than in New Jersey. Chien-Chiang Lee, En-Ze Wang, Economic Complexity and Income Inequality: Does Country Risk Matter?, Social Indicators Research, 10.1007/s11205-020-02543-0, (2020). Income inequality is measured by Gini coefficient and shows how evenly incomes are distributed among the population of a given country. Despite this, Botswana has a Gini coefficient of .605. Income distribution can vary greatly from wealth distribution in a country (see List of countries by distribution of wealth). Wealth distribution can vary greatly from income distribution in a country (see List of countries by income equality). Income from black market economic activity is not included. (Source: United Nations World Income Inequality Database) Wealth inequality in the world varies significantly according to country. There were rises in inequality in some of the world most populous countries, including China, India, the US and Indonesia (together accounting for around 45% of world population). Income inequality has both economic and political impacts on a nation. Leadership, organization, and history. Find a country by name. Sonan Memon, Irfan A. Qureshi, Income inequality and macroeconomic instability, Review of Development Economics, 10.1111/rode.12730, 0, 0, (2020). It is important to note that while the Gini coefficient is a useful tool for analyzing wealth or income distribution, is not an absolute measurement of a country’s wealth. Global inequality has fallen in the past three decades. While unemployment is at 10% in Zambia, about 84% of those employed are in the informal sector, such as agricultural (50% of the population) with low earnings. We rely on estimates from two online databases: PovcalNet, run by the World Bank, and the Chartbook of Economic Inequality, which I published together with Tony Atkinson, Salvatore Morelli, and Max Roser. Income is defined as household disposable income in a particular year. Policies can be designed to tackle inequality without negative repercussions for growth. The World Income Inequality Database (WIID) presents information on income inequality for developed, developing, and transition countries. In the developed country of the US, inequalities in income distribution are quite large. Lars Pelke, Economic inequality, income, … Global inequality has fallen in the past three decades. High-income and low-income countries can have the same Gini coefficient. This is much longer than other estimates of income inequality allow (as is the case with estimates that rely on income survey data). Highlight countries. Portugal has the most income inequality among the EU countries with a Gini coefficient of 38.5. Furthermore it is possible for the Gini coefficient of a developing country to rise (due to increasing inequality of income) while the number of people in absolute poverty decreases. Higher gini index for a nation means more income difference between its people. The coefficient ranges from 0 (0%) to 1 (100%), with 0 representing perfect equality and 1 representing perfect inequality. Income Distribution Database : by country - INEQUALITY Customise . Guatemala’s Gini coefficient is .53. Based on the most recent Gini index estimated from the World Bank, the five most unequal … yearly; quarterly; monthly; latest data available. Income inequality is the result of complex processes with multiple interacting driving forces but understanding those drivers in emerging economies is particularly difficult because of data and analytical challenges. High inequality can be detrimental for macroeconomic stability and for sustained long-term growth. A nation where every individual's income is equal would have a gini index of 0. Additionally, the Gini coefficient may be inaccurate and overstate income inequality due to limitations such as a lack of reliable and up-to-date GDP and income information. Haiti’s Gini coefficient is .608. This is much longer than other estimates of income inequality allow (as is the case with estimates that rely on income survey data). Poverty is relatively widespread, with about 42.4% of the population living below the poverty line and about 23.55 of the population living in extreme poverty. However, in most countries—especially advanced economies—within-country inequality has increased. Despite the widespread inequality, Paraguay has reduced its poverty significantly in recent years as its economy continues to grow and is expected to continue to do so in the coming years. Disparity of income between regions has been large in many advanced countries. One of the world’s poorest countries at its independence in 1966, Botswana has since made great strides in development, expecting to become a high-income country by 2036.

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