What is a good Gini index score?

What is a good Gini index score?

The Gini index ranges from 0% to 100%, with 0 representing perfect equality and 100 representing perfect inequality. A Gini of 50 marks the halfway point and can generally be perceived as a place where income is not fairly distributed—only 15 countries in the world have a Gini of 50 or more.

What was America’s Gini index in 2016?

The CBO finds that the Gini coefficient in the U.S. in 2016 ranged from 0.595, before accounting for any forms of taxes and transfers, to 0.423, after a full accounting of taxes and transfers. These estimates bracket the Census Bureau’s estimate of 0.481 for the Gini coefficient in 2016.

Is a Gini coefficient of 0.4 good?

A coefficient between 0.3–0.4 indicates that there is adequate equality. This means that income or wealth is distributed in a suitable way, but can be distributed more equally. A coefficient greater than 0.4 is an important point and indicates that there is a big income gap.

Is a Gini coefficient of 0.34 good?

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.

What nation has the highest Gini index?

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 Gini coefficient of USA 2021?

Inequality is generally lower in Europe than elsewhere in the world, and the Gini coefficient offers quantifiable proof of that fact. The United States has a Gini coefficient of 41.1.

What is America’s current Gini coefficient?

In 2020, according to the Gini coefficient, household income distribution in the United States was 0.48. This figure was at 0.49 in 1990, which indicates an increase in income inequality in the U.S. over the past 30 years.

Is a Gini coefficient of 0 good?

A Gini coefficient of 0 expresses perfect equality, where all values are the same (i.e. where everyone has the same income).

Who has the highest Gini coefficient?

Which country has lowest Gini?

Countries with the highest and lowest Gini coefficients. 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.