Gini, Rural for Guatemala
Indicator Definition:
The Gini coefficient is most common measure of inequality. It is based on the Lorenz curve, a cumulative frequency curve that compares the distribution of a specific variable (in this case, income) with the uniform distribution that represents equality. The Gini coefficient is bounded by 0 (indicating perfect equality of income) and 1, which means complete inequality. This calculation includes observations of 0 income.
| Measure | Realization |
| Indicator Name: | Gini, Rural |
| Indicator Source: | LAC Equity Lab tabulations of SEDLAC (CEDLAS and the World Bank). | macro-rankings.com |
| Indicator Description: | The Gini coefficient is most common measure of inequality. It is based on the Lorenz curve, a cumulative frequency curve that compares the distribution of a specific variable (in this case, income) with the uniform distribution that represents equality. The Gini coefficient is bounded by 0 (indicating perfect equality of income) and 1, which means complete inequality. This calculation includes observations of 0 income. |
| Observations Date: | 12/31/2000 |