Income Disparity By Country

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.

Income disparity by country. Review of income and wealth. 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. This is taken from liberati p. For comparison in the united states the top 1 of earners take 20 of income and the bottom 50 of earners take 10.

Higher gini coefficients signify greater inequality in wealth distribution with 0 being complete equality whereas a value near 1 can arise in a situation where everybody has zero wealth. The less inequality in europe is attributed to the fact that europe has. 2013 the world distribution of income and its inequality 1970 2009. All of these top five countries are located in europe.

Despite this botswana has a gini coefficient of 605. Disparity of income between regions has been large in many advanced countries. Income inequality has increased more rapidly in north america china india and russia than anywhere else notes the world inequality report 2018 produced by the world inequality lab a research center based at the paris school of economics. This is a list of countries by distribution of wealth including gini coefficients wealth distribution can vary greatly from income distribution in a country see list of countries by income equality.

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. Income inequality is declining in botswana due to regional convergence caused by fast growth in rural areas. Using 2018 data from the world economic forum wef we compiled a list of countries with the largest income disparity also known as income inequality from this data released in 2019 we ranked the 25 countries with the most unequal income distributions. 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.

Using 2018 data from the world economic forum wef we compiled a list of countries with the largest income disparity also known as income inequality from this data released in 2019 we. The first choice for data on within country inequality is the world income inequality database wiid2 provided by the world institute for development economics research wider. The top 1 of earners in europe take 12 of income and the bottom 50 of earners take 22 of income. Every country will fall between these two extremes.