Income Distribution Ranking By Country

The average wage is a measure of total income after taxes divided by total number of employees employed.

Income distribution ranking by country. In this article the average wage is adjusted for living expenses purchasing power parity ppp the wage distribution is right skewed. Developed by italian statistician corrado gini in 1912 the gini coefficient is the most commonly used measure of inequality. The gini index is used to gauge economic inequality by measuring income distribution or wealth distribution. New data are available for finland norway sweden and the united kingdom income year 2018 the slovak republic income year 2017 and switzerland income years 2016 and 2017.

New data are available for finland norway sweden and the united kingdom income year 2018 the slovak republic income year 2017 and switzerland income years 2016 and 2017. The classification tables include all world bank members plus all other economies with populations of more than 30 000. Percentage shares by quintile may not sum to 100 because of rounding. The gini index or gini coefficient is a statistical measure of distribution developed by the italian statistician corrado gini.

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. Income distribution percentage share of income or consumption is the share that accrues to subgroups of population indicated by deciles or quintiles. Gini index world bank estimate country ranking. 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.

Typically developing countries are characterized by greater inequality than in developed countries. The term country used interchangeably with economy does not imply political independence but refers to. The gini coefficient measures the distribution of incomes across income percentiles. Data have been revised for belgium and ireland income year 2017.

The majority of people earn less than the average wage for an alternative measure the median household income uses median instead of average. The gini coefficient or gini index is a statistical measure of distribution to represent the income or wealth of a country s residents. The country and lending groups page provides a complete list of economies classified by income region and lending status and links to previous years classifications.