Gini Index - Ranking

Indicator Definition:
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. A Lorenz curve plots the cumulative percentages of total income received against the cumulative number of recipients, starting with the poorest individual or household. The Gini index measures the area between the Lorenz curve and a hypothetical line of absolute equality, expressed as a percentage of the maximum area under the line. Thus a Gini index of 0 represents perfect equality, while an index of 100 implies perfect inequality.

Indicator Unit:
The statistic is measured in Percent.

Descriptive Statistics regarding the Indicator "Gini Index":
The number of countries with data stands at: 37 countries.
The average value across those countries stands at: 32.26.
The standard deviation across those countries stands at: 5.20.
The lowest value stands at: 23.80, and was observed in Slovak Republic, which in this case constitutes the country that ranks first.
The highest value stands at: 45.20, and was observed in Guatemala, which in this case constitutes the country that ranks last.

Looking at countries with values, the top 5 countries are:
1. Slovak Republic, actual value 23.80, actual ranking 1.
2. Kiribati, actual value 24.70, actual ranking 2.
3. Slovenia, actual value 24.70, actual ranking 2.
4. Czechia, actual value 25.70, actual ranking 4.
5. Norway, actual value 26.50, actual ranking 5.

Looking at countries with values, the bottom 5 countries are:
1. Guatemala, actual value 45.20, actual ranking 37.
2. Turkey, actual value 43.70, actual ranking 36.
3. El Salvador, actual value 39.80, actual ranking 35.
4. Bulgaria, actual value 39.50, actual ranking 34.
5. Rwanda, actual value 39.40, actual ranking 33.