Former Soviet republics Compared by Economy > Inequality > GINI index
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. A Lorenz curve plots the cumulative percentages of total income received against the cumulative number of recipients, starting with the poorest individual or household. 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.".
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Interesting observations about Economy > Inequality > GINI index
- 15 of the top 17 countries by inequality > GINI index are Hot countries.
- 14 of the top 15 countries by inequality > GINI index are Christian.
- 3 of the top 4 countries by inequality > GINI index are Sparsely populated.
- 11 of the top 16 countries by inequality > GINI index are Latin American and Caribbean.
- 8 of the top 15 countries by inequality > GINI index are Catholic.
- Brazil has ranked in the top 3 for inequality > GINI index since 1996.
- Colombia has ranked in the top 2 for inequality > GINI index since 2003.
- Bolivia has ranked in the top 3 for inequality > GINI index since 1997.
- Botswana has ranked in the top 3 for inequality > GINI index since 1986.
- 10 of the top 21 countries by inequality > GINI index are Former Spanish colonies'.
