Income Disparity World Ranking

Now in its 14th year the global gender gap report 2020 benchmarks 153 countries on their progress towards gender parity in four dimensions.

Income disparity world ranking. Economic participation and opportunity educational attainment health and survival and political empowerment. Although their share of global income has declined somewhat since the 2008 financial crisis at more. The globe is home to 2 153 billionaires according to the 2019 forbes ranking. 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.

Income from black market economic activity is not included. In addition this year s report examines gender gap prospects in the professions of the future. Income inequality is defined by gini index between 0 and 1 where 0 corresponds with perfect equality and 1 corresponds with absolute inequality. For more information and methodology.

Data are based on primary household survey data obtained from government statistical agencies and world bank country departments. Wid world overcomes this limitation by combining different data sources. Income inequality is most obvious in rural areas where more poverty and intergenerational. Gini gini index a quantified representation of a nation s lorenz curve.

Losses in all three dimensions vary across countries ranging from just a few percent czech republic slovenia up to over 40 comoros central african. The data refer to 2010 2017. National accounts survey data fiscal data and wealth rankings. Gini index world bank estimate country ranking.

Comoros has the seventh highest income inequality in the world with a gini coefficient of 559. But the global richest 1 percent has reaped a much greater share of the economic gains according to the world inequality report. Un data from the united nations development programme. Income inequality gini index data source.

World bank data from the world bank. The coefficient ranges from 0 to 1 with 0 representing 0 and 1 representing 100. Gini index measures the extent to which the distribution of income or in some cases consumption expenditure among individuals or households within an economy deviates from a perfectly equal distribution. A gini index of 0 expresses perfect equality while index of 100 expresses maximal inequality.

The ratio of the average income of the richest 20 to the poorest 20. The gini index is used to gauge economic inequality by measuring income distribution or wealth distribution. The ihdi estimated for 151 countries includes the world and other 150 specific countries captures the losses in human development due to inequality in health education and income. Poverty gap at 3 20 a day 2011 ppp poverty headcount ratio at 1 90 a day 2011 ppp of population.