This post may contain affiliate links. As an Amazon Associate, we earn from qualifying purchases.
Social scientists have used the Gini coefficient as the most common measure of global inequality (the income or wealth distribution of a nation’s residents). It was developed by the Italian statistician and sociologist Corrado Gini and published in 1912. A Gini coefficient of zero expresses perfect equality, where everyone has the same income. A Gini coefficient of 1 (or 100%) expresses maximal inequality among peoples.
The Gini Index of Income
The Wealth Gini Index
The Wealth Gini Index doesn’t explain anything about the amount of wealth within the nation (total or per capita), only how unevenly scattered it is. For instance, the United States or Sweden have higher wealth inequality than Myanmar or Ethiopia, but the median person has notably more money.
According to Credit Suisse, the Netherlands has the highest level of wealth inequality in the world, while the Slovak Republic has the lowest in wealth inequality. The bottom 60 per cent of citizens hold 25.9 per cent of the country’s wealth, and the top 10 per cent owns 34.3 per cent.
I’m sure Donny could make the US green if it weren’t for those obstructionist democrats.