Home > Term: Gini coefficient
Gini coefficient
An inequality indicator. The Gini coefficient measures the inequality of income distribution within a country. It varies from zero, which indicates perfect equality, with every household earning exactly the same, to one, which implies absolute inequality, with a single household earning a country's entire income. Latin America is the world's most unequal region, with a Gini coefficient of around 0. 5; in rich countries the figure is closer to 0. 3.
- Part of Speech: noun
- Industry/Domain: Economy
- Category: Economics
- Company: The Economist
0
Creator
- summer.l
- 100% positive feedback