Income Inequality By Country
This is a list of countries ranked by income inequality among individuals or households.
Income inequality by country. Typically developing countries are characterized by greater inequality than in developed 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. The data refer to 2010 2017. Income inequality is a major talking point around the world.
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. Despite this botswana has a gini coefficient of 605. Income from black market economic activity is not included. Income inequality is declining in botswana due to regional convergence caused by fast growth in rural areas.
Income inequality is defined by gini index between 0 and 1 where 0 corresponds with perfect equality and 1 corresponds with absolute inequality.