> 0.95 The Gini coefficient, sometimes called the Gini Index or Gini ratio, is a statistical measure of distribution intended to represent the income or wealth distribution of a nation. gini index Select a Poverty Line International Poverty Line ($1.90) Lower Middle Income Poverty Line ($3.20) Upper Middle Income Poverty Line ($5.50) Select a Poverty Line International Poverty Line ($1.90) Lower Middle Income Poverty Line ($3.20) Upper Middle Income Poverty Line ($5.50) Gini index measures the extent to which the distribution of income or consumption expenditure among individuals or households within an economy deviates from a perfectly equal distribution. Income inequality among individuals is measured here by five indicators. World Bank, This is a list of countries or dependencies by income inequality metrics, including Gini … El Salvador recorded the lowest Gini coefficient at 38, even below Uruguay and Chile, which are some of the countries with the highest human development indexes in Latin America. Prevalence of female genital mutilation/cutting among girls and women (% of girls and young women ages 15–49) n.a. Index, Annual, Not Seasonally Adjusted 1971 to 2017 (Oct 8) GINI Index for the United Kingdom . Categories > International Data > Indicators > Population, Employment, & Labor Markets > Income Distribution. Annual. Chile also held the highest position among Latin American nations in the 2019 UN Human Development Index. Índice de Gini Banco Mundial, Grupo de investigaciones sobre el desarrollo. A Lorenz curve plots the cumulative percentages of total income received against the cumulative number of recipients, starting with the poorest individual or household. According to the Organization for Economic Cooperation and Development (OECD), economic inequality in Chile is a major problem. The Gini coefficient is based on the comparison of cumulative proportions of the population against cumulative proportions of income they receive, and it ranges between 0 in the case of perfect equality and 1 in the case of perfect inequality. Few regions in the world are as unequal as Latin America. Maternal mortality ratio (deaths per 100,000 live births) n.a. 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. Gini impurity measures the degree or probability of a particular variable being wrongly classified when it is randomly chosen Data are based on primary household survey data obtained from government statistical agencies and World Bank country departments. For more information and methodology, please see PovcalNet (iresearch.worldbank.org/PovcalNet/index.htm). A higher Gini index indicates greater inequality, with high income individuals receiving much … Gini coefficients are used to measure the wealth distribution across many countries. Human Development Index (HDI), male: n.a. For more information and methodology, please see PovcalNet (, Poverty headcount ratio at national poverty lines (% of population), Poverty gap at $3.20 a day (2011 PPP) (%), Poverty headcount ratio at $1.90 a day (2011 PPP) (% of population), Multidimensional poverty headcount ratio (% of total population), Multidimensional poverty headcount ratio, male (% of male population), Multidimensional poverty index, children (population ages 0-17) (scale 0-1), Poverty headcount ratio at $5.50 a day (2011 PPP) (% of population), Multidimensional poverty headcount ratio, household (% of total households), International Comparison Program & Purchasing Power Parity, International Household Survey Network (IHSN), Trust Fund for Statistical Capacity Building, iresearch.worldbank.org/PovcalNet/index.htm. Gender Inequality Index (GII) n.a. Chile - GINI index (World Bank estimate) The value for GINI index (World Bank estimate) in Chile was 46.60 as of 2017. Value & Rank The GINI index of Chile is 52.1 with a global rank of 19. Sapelli also measures the intra and inter-generation mobility in Chile. The World Bank labels these annual series, but several observations are missing. Gini Ratios for Households, by Race and Hispanic Origin of Householder. Index, Annual, Not Seasonally Adjusted 1984 to 2015 (2018-09-27) GINI Index for Canada . The Gini index or Gini coefficient is a statistical measure of distribution measuring income distribution or, less commonly, wealth distribution among a population. Series from World Development Indicators. 20 July 2020: New data are available for Finland, Norway, Sweden and the United Kingdom (income year 2018), the Slovak Republic (income year 2017) and Switzerland (income years 2016 and 2017). In the future, Sapelli estimates a value of 0.35 for the Gini coefficient, allowing Chile to reach an even lower index than the 0.49 corresponding to the United States (2010). World Bank, Development Research Group. Mandatory paid maternity leave (days) n.a. Los datos se basan en datos primarios obtenidos de encuestas de hogares de los organismos de estadística del gobierno y los departamentos de país del Banco Mundial. Gini index measures the extent to which the distribution of income or consumption expenditure among individuals or households within an economy deviates from a perfectly equal distribution. India GINI index was 47.9 % in 2018, unchanged from the previous year. World Development Indicators, Units:  Human Development Index (HDI), female: n.a. The more unequal a country's income distribution, the higher its Gini index, e.g., a Sub-Saharan country with an index of 50. For more information and methodology, please see PovcalNet (http://iresearch.worldbank.org/PovcalNet/index.htm).Source Indicator: SI.POV.GINIWorld Bank collection of development indicators, compiled from officially recognized international sources. Federal Reserve Bank of St. Louis, Thus a Gini index of 0 represents perfect equality, while an index of 100 implies perfect inequality. Income Limits for Each Fifth and Top 5 Percent of Families. Index, Annual, Not Seasonally Adjusted 1987 to 2017 (Mar 20) GINI Index for Malaysia . Gini index (World Bank estimate) - Chile World Bank, Development Research Group. The more nearly equal a country's income distribution, the closer its Lorenz curve to the 45 degree line and the lower its Gini index, e.g., a Scandinavian country with an index of 25. Release: If income were distributed with perfect equality the index would be zero; if income were distributed with perfect inequality, the index would be 100. GINI Index for Chile [SIPOVGINICHL], As the graph below shows, over the past 30 years this indicator reached a maximum value of 57.20 in 1990 and a minimum value of 46.60 in 2017. Chile China Colombia Comoros Congo Costa Rica Croatia Cyprus Czech Republic Dem. 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. Releases from World Bank, More 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. 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. If you continue to navigate this website beyond this page, cookies will be placed on your browser. Are you sure you want to remove this series from the graph? Index, Not Seasonally Adjusted, Frequency:  One Federal Reserve Bank Plaza, Federal Reserve Bank of St. Louis; We've looked at the Gini index, the most widely used international measure of inequality - for which the higher the number, the greater the inequality. 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. Export Explore data View Ranking Bookmark Thus a Gini index of 0 represents perfect equality, while an index of 100 implies perfect inequality. Gini index measures the extent to which the distribution of income or consumption expenditure among individuals or households within an economy deviates from a perfectly equal distribution. It presents the most current and accurate global development data available and includes national, regional, and global estimates. If income were distributed with perfect equality the index would be zero; if income were distributed with perfect inequality, the index would be 100. The description is composed by our digital data assistant. The Gini coefficient was developed by Italian statistician Corrado Gini in 1912 and is the most commonly used measurement of wealth or income inequality. The more unequal a country's income distribution, the higher its Gini index, e.g., a Sub-Saharan country with an index of 50. Developed by Italian statistician Corrado Gini in 1912, the Gini coefficient is the most commonly used measure of inequality. The Gini index is a measure of the distribution of income across a population. retrieved from FRED, December 12, 2020. St. Louis, MO 63102, http://iresearch.worldbank.org/PovcalNet/index.htm, More F Furthermore, the OECD reports that, “38% of Chileans find it difficult or very difficult to live on their current income, well … Data are based on primary household survey data obtained from government statistical agencies and World Bank country departments. To learn more about cookies, click here. Its Gini coefficient value stands at a record 0.50, one of the highest inequality coefficients in the world. The Gini Coefficient The Gini coefficient or Gini index is a statistical measure of distribution to represent the income or wealth of a country’s residents. Please review the copyright information in the series notes before sharing. This can not be undone. Data in this graph are copyrighted. This site uses cookies to optimize functionality and give you the best possible experience. In economics, the Gini coefficient (/ ˈ dʒ iː n i / JEE-nee), sometimes called the Gini index or Gini ratio, is a measure of statistical dispersion intended to represent the income inequality or wealth inequality within a nation or any other group of people. Find Out, Online tool for visualization and analysis. Out of the 20 most unequal countries worldwide when measuring income inequality on the Gini Index, eight are Latin American while the rest are in Sub-Saharan Africa.On average, the region has a Gini Index around 41.0 when looking at wage inequality specifically, compared to the OECD’s average of 31.8, per the World Bank’s 2018 … GINI index of Chile fell gradually from 54.9 % in 1996 to 44.4 % in 2017. Thus a Gini index of 0 represents perfect equality, while an index of 100 implies perfect inequality.Data are based on primary household survey data obtained from government statistical agencies and World Bank country departments. The index is the ratio of (a) the area between a country's Lorenz curve and the 45 degree helping line to (b) the entire triangular area under the 45 degree line. The latest statistics for Chile show a Gini index of 52. Learn how the World Bank Group is helping countries with COVID-19 (coronavirus). ... Chile: Gini … https://fred.stlouisfed.org/series/SIPOVGINICHL, Gini Ratios for Households, by Race and Hispanic Origin of Householder [<1.0 MB] Table F-1. The Gini index, a widely used statistic that measures income inequality, fell from 52 in 1990 to about 48 in 2015. GINI Index for Chile . Gini coefficient was developed by Italian statistician Corrado Gini in 1912 and is the most commonly measurement!, Annual, Not Seasonally Adjusted 1984 to 2015 ( 2018-09-27 ) index. 15–49 ) n.a value stands at a record 0.50, one of the highest position among Latin American in. Also held the highest position among Latin American nations in the 2019 UN human index. 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