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: 13 countries.
The average value across those countries stands at: 40.89.
The standard deviation across those countries stands at: 5.07.
The lowest value stands at: 33.90, and was observed in Georgia, which in this case constitutes the country that ranks first.
The highest value stands at: 49.70, and was observed in Panama, which in this case constitutes the country that ranks last.

Looking at countries with values, the top 5 countries are:
1. Georgia, actual value 33.90, actual ranking 1.
2. Uzbekistan, actual value 34.60, actual ranking 2.
3. Indonesia, actual value 34.90, actual ranking 3.
4. Tajikistan, actual value 36.10, actual ranking 4.
5. Dominican Republic, actual value 39.00, actual ranking 5.

Looking at countries with values, the bottom 5 countries are:
1. Panama, actual value 49.70, actual ranking 13.
2. Costa Rica, actual value 45.80, actual ranking 12.
3. Honduras, actual value 45.70, actual ranking 11.
4. Ecuador, actual value 45.20, actual ranking 10.
5. Paraguay, actual value 44.20, actual ranking 9.

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