Who has the highest Gini index in 2023?

From the selected regions, the ranking by gini index is lead by South Africa with 0.63 points and is followed by Namibia (0.58 points).

What is an acceptable Gini score?

The Gini index measures the extent to which the distribution of income or consumption among individuals or households within an economy deviates from a perfectly equal distribution. A Gini index of 0 represents perfect equality , while an index of 100 implies perfect inequality.

What is the US Gini coefficient today?

U.S. Gini coefficient income distribution of individual earnings 1990-2022. The income distribution Gini-coefficient of individual earnings for full-time, year-round workers was 0.42 in 2022, a small step towards further income inequality compared with 2021.

What is a good value for Gini?

The Gini index ranges from 0% to 100%, with 0 representing perfect equality and 100 representing perfect inequality . A national Gini of 50 marks the halfway point and can be viewed as a nation where income is not fairly distributed.

Why does the US have a high Gini index?

Skill-biased technological change Other factors like international trade, decline in real minimum wage, decline in unionization and rising immigration, were each responsible for 10–15% of the increase. Education has a notable influence on income distribution.

What is the Gini index of the US?

GINI Index for the United States (SIPOVGINIUSA) 2021: 39.8 2020: 39.7 2019: 41.5 2018: 41.4 2017: 41.2 1 more row

What is the Gini index of China?

This statistic shows the inequality of income distribution in China from 2012 to 2022 based on the Gini Index. In 2022, China reached a score of 46.7 (0.467) points . The Gini Index is a statistical measure that is used to represent unequal distributions, e.g. income distribution.

Is it better to have a higher Gini index?

The Gini coefficient, which is a value from 0 to 1, represents the income inequality across a population, with lower values indicating less inequality and higher values indicating greater inequality .

What country has the lowest Gini coefficient?

The country with the lowest Gini coefficient is Slovakia , with a Gini coefficient of 0.232.

What is the difference between Gini index and Gini coefficient?

The Gini Index is a summary measure of income inequality. The Gini coefficient incorporates the detailed shares data into a single statistic, which summarizes the dispersion of income across the entire income distribution.

Is income inequality getting better?

Income inequality declined in 2022 for the first time since 2007 , due primarily to declines in real median household income at middle and top income brackets, according to the Income in the United States: 2022 report released today.

How bad is income inequality in the US?

Between 1979 and 2020, the average income of the richest 0.01 percent of households, a group that today represents about 12,000 households, grew 17 times as fast as the income of the bottom 20 percent of earners. These Congressional Budget Office figures include income from labor and investments.

What is a perfect Gini index?

Gini index. Short definition. The Gini index measures the extent to which the distribution of income or consumption among individuals or households within an economy deviates from a perfectly equal distribution. A Gini index of 0 represents perfect equality , while an index of 100 implies perfect inequality.

Who has the best Gini coefficient in the world?

GINI index (World Bank estimate) - Country Ranking Rank Country Value 1 South Africa 63.00 2 Namibia 59.10 3 Suriname 57.90 4 Zambia 57.10 117 more rows

What is the Gini index for 2024?

The gini coefficient in India is forecast to amount to 0.35 in 2024.

Gini Index 2023 | Statista (2024)

Table of Contents

20 countries with the biggest inequality in income distribution worldwide in 2023, based on the Gini index Statistics on " Economic inequality worldwide " Other statistics that may interest you Economic inequality worldwide Statistics Topics FAQs

Prices & Access
- Business Solutions
- Academia and Government
Statistics
All Industries
Consumer Goods & FMCG
E-Commerce
Economy & Politics
Energy & Environment
Internet
Technology & Telecommunications
Transportation & Logistics
Travel, Tourism & Hospitality
Most-viewed Statistics
Recent Statistics Popular Statistics
Most used social networks 2024, by number of users
Big Mac index worldwide 2024
Global retail e-commerce sales 2014-2027
Car brand market share worldwide 2023
Quarterly Netflix subscribers count worldwide 2013-2024
Topics
Topic Overview
E-commerce worldwide - statistics & facts
Social media - statistics & facts
Top Report
View Report
Industry Overview
Reports
Report Shop
Search our report database
Digital & Trend reports
Overview and forecasts on trending topics
Industry & Market reports
Industry and market insights and forecasts
Companies & Products reports
Key figures and rankings about companies and products
Consumer & Brand reports
Consumer and brand insights and preferences in various industries
Politics & Society reports
Detailed information about political and social topics
Country & Region reports
All key figures about countries and regions
Find your information in our database containing over 20,000 reports
Market Insights
Market forecast and expert KPIs for 1000+ markets in 190+ countries & territories
Consumer Insights
Insights on consumer attitudes and behavior worldwide
2,000,000+ interviews
15,000+ brands
Explore Consumer Insights
Company Insights
Business information on 100m+ public and private companies
- 100+ industries
- 200+ countries and territories
Explore Company Insights
eCommerce Insights
Detailed information for 39,000+ online stores and marketplaces
70+ KPIs per store
Revenue analytics and forecasts
Explore eCommerce Insights
Research AI New
Daily Data
Services
The Statistics Portal
Directly accessible data for 170 industries from 150+ countries and over 1Mio. facts.
More about Statista
See Also
Useful Stats: Income inequality across the states | SSTI Income Inequality Down Due to Drops in Real Incomes at the Middle and Top, But Post-Tax Income Estimates Tell a Different Story 6 facts about economic inequality in the U.S.The U.S. economy is in its fourth decade of rising inequality amid the need for more accurate data on its consequences
Tools
- Business Plan Export
Services
Statista+ offers additional, data-driven services, tailored to your specific needs. As your partner for data-driven success, we combine expertise in research, strategy, and marketing communications to deliver comprehensive solutions. Contact us directly for your individual offer.
Research
Full-service market research and analytics
Customized market research
Data analytics
Ad hoc research "askStatista"
Statista Q
Strategy
Strategy and business building for the data-driven economy
Build strategies
Create data value
Realize business opportunities
nxt statista
Design
Transforming data into content marketing and design
Data storytelling
Creative assets
Distribution
Statista Content & Design
Statista R identifies and awards industry leaders, top providers, and exceptional brands through exclusive rankings and top lists in collaboration with renowned media brands worldwide. For more details, visit our website.

Society›
Demographics

Premium

Premium statistics

Industry-specific and extensively researched technical data (partially from exclusive partnerships).

A paid subscription is required for full access.

Published by

Einar H. Dyvik,

Jul 4, 2024

South Africa had the highest inequality in income distribution in 2023 with a Gini score of 63. Its South African neighbor Namibia followed in second. The Gini coefficient measures the deviation of the distribution of income (or consumption) among individuals or households within a country from a perfectly equal distribution. A value of 0 represents absolute equality, a value of 100 absolute inequality. All the 20 most unequal countries in the world were either located in Africa or Latin America & The Caribbean.

20 countries with the biggest inequality in income distribution worldwide in 2023, based on the Gini index

Characteristic	Gini coefficient (0-100)
-	-
-	-
-	-
-	-
-	-
-	-
-	-
-	-
-	-
-	-
-	-
-	-
-	-
-	-
-	-
-	-
-	-
-	-
-	-
-	-

Exclusive Premium Statistic

To access all Premium Statistics, you need a paid Statista Account

Immediate access to all statistics
Incl. source references
Download as PDF, XLS, PNG and PPT

Get access now

Already have an account? Login

Share this statistic

Download

Source

Show detailed source information?

Already a member?

Source

Use Ask Statista Research Service

Release date

March 2024

More information

Region

Worldwide

Survey time period

2010 to 2023*

Special properties

Top 20

Supplementary notes

*According to the source, the data refers to the latest number of the given period. For all countries that year is between 2010 and 2023. Countries for which data only was available before these years have not been included.

The Gini coefficient measures income inequality in a country. The closer the index is to zero, the more equally distributed the income.

Open this statistic in...

French

Citation formats