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Gini coefficient

AnalyticsTrade Team
AnalyticsTrade Team Last updated on 26 Apr 2023

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Gini Coefficient

The Gini coefficient is a measure of inequality used to represent the distribution of income or wealth within a population. It is a number between 0 and 1, where 0 represents perfect equality and 1 represents perfect inequality. The Gini coefficient is used to measure the degree of inequality in the distribution of income or wealth within a population. It is a widely used measure of inequality, and is often used to compare the wealth distribution of different countries.

History of the Gini Coefficient

The Gini coefficient was first developed by Italian statistician Corrado Gini in 1912. Gini was interested in measuring the degree of inequality in the distribution of wealth and income within a population. He developed the Gini coefficient as a way to measure the degree of inequality in a population. Since then, the Gini coefficient has become a widely used measure of inequality.

The Gini coefficient has been used to measure the degree of inequality in the distribution of income or wealth in many countries. It has been used to compare the wealth distribution of different countries, and to measure the degree of inequality in the distribution of income or wealth within a population. It has also been used to measure the degree of inequality in the distribution of health care, education, and other services.

Table of Comparisons

Country Gini Coefficient
United States 0.41
United Kingdom 0.34
Germany 0.30
Japan 0.32
China 0.47

Summary

The Gini coefficient is a measure of inequality used to represent the distribution of income or wealth within a population. It is a number between 0 and 1, where 0 represents perfect equality and 1 represents perfect inequality. The Gini coefficient has been used to measure the degree of inequality in the distribution of income or wealth in many countries. It has been used to compare the wealth distribution of different countries, and to measure the degree of inequality in the distribution of health care, education, and other services.

For more information about the Gini coefficient, you can visit the websites of the World Bank, the International Monetary Fund, and the United Nations. These websites provide detailed information about the Gini coefficient and its use in measuring inequality.

See Also

  • Income inequality
  • Wealth inequality
  • Poverty
  • Economic inequality
  • Human Development Index
  • Gross Domestic Product
  • Purchasing Power Parity
  • Gini Index
  • Kuznets Curve
  • Lorenz Curve

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