What is the Gini coefficient of Brazil?

What is the Gini coefficient of Brazil?

Gini index (World Bank estimate) in Brazil was reported at 53.4 in 2019, according to the World Bank collection of development indicators, compiled from officially recognized sources. Brazil – GINI index – actual values, historical data, forecasts and projections were sourced from the World Bank on November of 2021.

Which country has highest Gini coefficient?

South Africa
GINI index (World Bank estimate) – Country Ranking

Rank Country Value
1 South Africa 63.00
2 Namibia 59.10
3 Suriname 57.60
4 Zambia 57.10

What is the average Gini score?

The World Bank’s estimate of the Gini Index for the US was 41.1, and China at 42.1, both slightly higher than the average among all countries of 38.8.

What is the world’s Gini coefficient?

The Gini coefficient for the entire world has been estimated by various parties to be between 0.61 and 0.68.

What country has the lowest Gini index?

South Africa ranks as the country with the lowest level of income equality in the world, thanks to a Gini coefficient of 63.0 when last measured in 2014.

How unequal is Brazil?

Brazil is decades away from wage equality. 6 vs 50%Brazil’s six richest men have the same wealth as poorest 50 percent of the population; around 100 million people. The country’s richest 5 percent have the same income as the remaining 95 percent. Mean while,16 million Brazilians live below the poverty line.

What country has the lowest Gini?

Is the Gini coefficient reliable?

Its results are also sensitive to outliers—a few very wealthy or very poor individuals can change the statistic significantly, even in a large sample. Cowell says that the Gini coefficient should not be used as the sole measure of economic inequality.

How is Gini calculated?

The Gini index is calculated as the ratio of the area between the perfect equality line and the Lorenz curve (A) divided by the total area under the perfect equality line (A + B).

What is the Gini coefficient of Canada?

In 2019, the Gini coefficient of Canada was 0.299.

What is Upsc Gini?

The Gini Coefficient measures the degree of income equality in a population. The Gini Coefficient can vary from 0 (perfect equality) to 1 (perfect inequality). A Gini Coefficient of zero means that everyone has the same income, while a Coefficient of 1 represents a single individual receiving all the income.

What is a good Gini score?

Gini index < 0.2 represents perfect income equality, 0.2–0.3 relative equality, 0.3–0.4 adequate equality, 0.4–0.5 big income gap, and above 0.5 represents severe income gap. Therefore, the warning level of Gini index is 0.4.