Income Distribution Us Vs Other Countries

Among the countries with more unequal income distributions were france the u k.

Income distribution us vs other countries. 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. In 2017 the united states ranked second after israel in terms of poverty rates in oecd countries. Data coverage differs by country for some countries data goes back to 1979 while coverage is shorter for some other countries. In the other g7 nations the gini ranged from 0 326 in france to 0 392 in the uk.

By ana maria santacreu economist and heting zhu research associate. In this study the poverty line is worked out as half the median income for the country. Compares against the group s 33 other countries and its upcoming world cup. The orange points show gini coefficients for market income that is what people earn before the tax and.

3 the black white income gap in the u s. In other words the higher the measure the more unequal the income distribution. 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. Data is currently available for some countries until 2013.

There s new data on income inequality out from the oecd thursday so we thought we d take a look to see how the u s. Statista compared to other oecd countries the us doesn t do quite as well in terms of those living below the poverty line. Ranked 10th in income inequality. Rich countries tend to have lower income inequality than developing countries.

We looked at the 31 oecd countries that had both sets of gini scores for a reasonably recent year in most cases 2010 before accounting for taxes and transfers the u s. Globally the gini ranges from lows of about 0 25 in some eastern european countries to highs of 0 5 to 0 6 in countries in southern africa according to world bank estimates. Information on the distribution and growth of household income across countries. Has persisted over time.

And the contrast is.