What is the latest Gini index in Malaysia?

Date Value
2018 42.80

Which country has the highest Gini coefficient 2020?

The countries with the highest Gini coefficients are:

  • South Africa – 63.0.
  • Namibia – 59.1.
  • Zambia – 57.1.
  • Sao Tome and Principe – 56.3.
  • Eswatini – 54.6.
  • Mozambique – 54.0.
  • Brazil – 53.9.
  • Hong Kong – 53.9.

What is a good Gini index?

It is influenced by the distribution of income between people. 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. … The Gini coefficient is a measure of inequality of a distribution.

Which country has the best income equality?

Norway. The country with the most egalitarian economy in the world is Norway.

Which country has the least inequality?

On the opposite end, the following countries have the least income inequality: Azerbaijan – 22.5. Slovenia – 24.4.

The Gini Coefficient

  • South Africa 62.7.
  • Namibia – 59.2.
  • Zambia – 58.1.
  • Mozambique – 53.9.
  • Botswana – 53.4.
  • Brazil – 53.1.
  • Angola – 51.3.
  • Colombia – 51.

Which country has biggest gap between rich and poor?

Here are the 10 countries with the highest wealth inequality:

  • Netherlands (0.902)
  • Russia (0.879)
  • Sweden (0.867)
  • United States (0.852)
  • Brazil (0.849)
  • Thailand (0.846)
  • Denmark (0.838)
  • Philippines (0.837)
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Is high Gini index Good or bad?

In addition, the Gini index can be compared to gross domestic product (GDP) figures. If GDP increases, some take this to mean that the people in a country are doing better. However, if the Gini index is rising as well, it suggest that the majority of the population may not be experiencing increased income.

What does a Gini index of 50 mean?

A Gini coefficient of 50 represents 50 percent concentration in a country’s income distribution. What does it mean to have 50 percent concentration in a country’s income? A Gini of 50 could mean that half the people share all of the income while the other half get nothing.

Which country has the lowest Gini coefficient?

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.

What does Gini stand for?

GINI

Acronym Definition
GINI Global Information Networking Institute
GINI GPS/INS Integration (navigation software)
GINI Gene Identification by NMD (Nonsense Mediated Decay) Inhibition
GINI GOES Ingest and NOAAPORT Interface
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