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The gini coefficient measures the inequality among the values of a frequency distribution, such as income levels A gini value of 0 means everyone has an equal share, while 1 means one person owns everything. A gini coefficient of 0 reflects perfect equality, where all income or wealth values are the same.
Gini index from the world bank It ranges from 0, representing perfect equality, to 1, indicating perfect inequality Dataworld bank, poverty and inequality platform
Data are based on primary household survey data obtained from government statistical agencies and world bank country departments
For more information and methodology, please see pip.worldbank.org., world bank ( wb ), uri The gini coefficient, or gini index, is the most commonly used measure of inequality The gini index, developed by corrado gini in 1912, measures income inequality on a scale from 0 (perfect equality) to 1 (perfect inequality), with south africa having the highest recorded gini. The gini coefficient, or gini index, is derived from the lorenz curve, and like the lorenz curve, it measures the degree of economic equality across a given population and simplifies this reality into a single number.
A gini of 0 indicates perfect equality, while 1 indicates that all income goes to one person and none to everyone else The index is often used by economists and policymakers to assess inequality within a country or region. The gini coefficient summarizes how much the distribution of income (or other measures, like consumption or wealth) among individuals or households deviates from a perfectly equal distribution. The gini index measures the area between the lorenz curve and a hypothetical line of absolute equality, expressed as a percentage of the maximum area under the line
Thus a gini index of 0 represents perfect equality, while an index of 100 implies perfect inequality.
Developed by, and named after, statistician corrado gini in the early 1900s, the gini coefficient is often used to measure wealth and/or income inequality However, it can actually be used to measure inequality of any type, including health care access, life expectancy, and more. What is the gini coefficient The gini coefficient is a statistical measure used to assess inequality within a dataset
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