Income Disparity Per Country

The median income is a way to measure the average daily income per person in that country all 25 countries on the list are under 20 per day.

Income disparity per country. Using data from the world economic forum stacker compiled a list of the 25 countries with the largest income disparity. All of these top five countries are located in europe. All 25 countries on the list are under 20 per day. 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 poverty rate is the percent of that country s population with less than half of the median income. And p50 p10 of median income to the upper bound. The 10 of people with highest income to that of the first decile. P90 p50 of the upper bound value of the ninth decile to the median income.

P90 p10 is the ratio of the upper bound value of the ninth decile i e. The top 1 of earners in europe take 12 of income and the bottom 50 of earners take 22 of income. For comparison in the united states the top 1 of earners take 20 of income and the bottom 50 of earners take 10. 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.

The less inequality in europe is attributed to the fact that europe has. The difference between western europe and the united states in this regard is particularly striking. Poverty gap at 3 20 a day 2011 ppp poverty headcount ratio at 1 90 a day 2011 ppp of population multidimensional poverty headcount ratio of total population. The poverty rate.

Every country will fall between these two extremes. 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. Global income inequality since 1980 the world inequality report data has shown that the share of national income going to the richest 1 percent has increased rapidly in north america defined here as the united states and canada china india and russia and more moderately in europe. 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.