Friday, January 29, 2010
Gini coefficient
An inequality indicator. The gini coefficient measures the inequality of income distribution within a country. It varies from zero, which indicates perfect equality, with every household earning exactly the same, to one, which implies absolute inequality, with a single household earning a country's entire income. Latin America is the world's most unequal region, with a gini coefficient of around 0.5; in rich countries the figure is closer to 0.3.
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Economic Terms

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