# Gini Coefficient By Country 2020

The Gini coefficient, sometimes called the Gini Index or Gini ratio, is a statistical measure of distribution intended to represent the income or wealth distribution of a nation. The Gini coefficient was developed by Italian statistician Corrado Gini in 1912, and today is the most commonly used measurement of wealth or income inequality.

The Gini coefficient ranges from 0 (0%) to 1 (100%), with 0 representing perfect equality and 1 representing perfect inequality. A higher Gini coefficient means greater inequality. If every resident of a nation had the same income, the Gini coefficient would be zero. If one resident earned all of the income in a nation and the rest earned zero, the Gini coefficient would be 1.

Mathematically, the Gini coefficient is defined based on the Lorenz curve. The Lorenz curve plots the percentiles of the population on the horizontal axis of the graph according to income or wealth, whichever is being measured. The cumulative income or wealth of the population is plotted on the vertical axis.

While the Gini coefficient is a useful tool for analyzing the wealth or income distribution in a country, it should not be used as an indicator of a country’s overall wealth or income. Some of the world’s poorest countries, such as the Central African Republic, have some of the highest Gini coefficients (61.3 in this case). A high-income country and a low-income country can have the same Gini coefficients. Additionally, due to limitations such as reliable GDP and income data, the Gini index may overstate income inequality and be inaccurate.

Income inequality has both political and economic impacts such as slower GDP growth, reduced income mobility, greater household debt, political polarization, and higher poverty rates.

According to World Bank’s Poverty and Shared Prosperity 2016 report, the Gini coefficient saw a sustained growth during the 19th and 20th centuries. In 1820, the Gini coefficient was 0.50 and in 1980 and 1992, the figure was 0.657.

The countries with the highest Gini coefficients are:

1. Lesotho (0.632)
2. South Africa (0.625)
3. Haiti (0.608)
4. Botswana (0.605)
5. Namibia (0.597)
6. Zambia (0.575)
7. Comoros (0.559)
8. Hong Kong (0.539)
9. Guatemala (0.530)
10. Paraguay (0.517)

South Africa is one of the most unequal countries in the world, with a Gini coefficient of 0.625. In 2005, the Gini coefficient was even higher at 0.650. In South Africa, the richest 10% hold 71% of the wealth, while the poorest 60% hold just 7% of the wealth. Additionally, more than half of South Africa’s population, about 55.5%, live in poverty, earning less than \$83 per month.

The United States has a Gini coefficient of 0.485, the highest it has been in 50 years according to the United States Census Bureau. In 2015, the top 1% of earners in the United States averaged 40 times more income than the bottom 90%. Like other countries with higher Gini coefficients, poverty is an increasing issue. In the U.S. about 33 million workers earn less than \$10 per hour, putting a family of four below the poverty level. Many of these low-wage workers have no sick days, pension, or health insurance.

Many European countries have some of the lowest Gini coefficients, such as Slovakia, Slovenia, Sweden, Ukraine, Belgium, and Norway. Inequality is generally lower in European nations than it is in non-European nations. The Nordic countries and Central Eastern European countries are among the most equal countries.

Below is a table of each country’s Gini coefficient.

## Gini Coefficient By Country 2020

Flag Country Gini Index Population 2020
Faroe Islands22.748,863
Slovakia23.75,459,642
Slovenia24.42,078,938
Sweden24.910,099,265
Czech Republic2510,708,981
Ukraine25.543,733,762
Belgium25.911,589,623
Kazakhstan26.318,776,707
Belarus26.59,449,323
Moldova26.84,033,963
Norway26.85,421,241
Germany2783,783,942
Finland27.25,540,720
Romania27.319,237,691
Iceland28341,243
Malta28.1441,543
Hungary28.29,660,351
Denmark295,792,202
Albania292,877,797
France29.365,273,511
Switzerland29.58,654,622
Australia30.325,499,884
Netherlands30.317,134,872
Luxembourg30.4625,978
Austria30.59,006,398
Pakistan30.7220,892,340
Croatia30.84,105,267
Poland30.837,846,611
Sao Tome And Principe30.8219,159
Ireland31.34,937,786
Armenia31.52,963,243
Egypt31.8102,334,404
Italy31.960,461,826
Montenegro31.9628,066
Liberia325,057,681
United Kingdom32.467,886,011
Tajikistan32.69,537,645
Nepal32.829,136,808
Ethiopia33114,963,588
Kyrgyzstan33.46,524,195
Taiwan33.623,816,775
Azerbaijan33.710,139,177
Bosnia And Herzegovina33.83,280,819
Greenland33.956,770
Portugal33.910,196,709
Mongolia343,278,290
Niger3424,206,644
Sierra Leone347,976,983
Latvia34.51,886,198
Cyprus34.81,207,359
Estonia34.81,326,535
Vietnam34.897,338,579
Jamaica352,961,167
Macau35649,335
India35.21,380,004,385
Algeria35.343,851,044
Mauritius35.91,271,768
Spain35.946,754,778
New Zealand36.24,822,233
Benin36.512,123,200
Greece36.710,423,054
Laos36.77,275,560
Indonesia36.8273,523,615
Uzbekistan36.833,469,203
Mauritania374,649,658
Tanzania37.659,734,218
Cambodia37.916,718,965
Japan37.9126,476,461
Lithuania37.92,722,289
Yemen37.929,825,964
Maldives38.4540,544
Serbia38.78,737,371
Bhutan38.8771,608
Venezuela3928,435,940
Sri Lanka39.221,413,249
Guinea39.413,132,795
Uganda39.545,741,007
Burkina Faso39.520,903,273
Jordan39.710,203,134
Tunisia4011,818,619
Georgia40.13,989,167
Mali40.120,250,833
Bulgaria40.26,948,445
Turkey40.284,339,067
Senegal40.316,743,927
Turkmenistan40.86,031,200
Djibouti40.9988,000
Morocco40.936,910,560
Russia41.2145,934,462
Uruguay41.63,473,730
Argentina41.745,195,774
Gabon42.22,225,734
Ghana42.331,072,940
Burundi42.411,890,784
Angola42.732,866,272
Israel42.88,655,535
Zimbabwe43.214,862,924
Central African Republic43.64,829,767
Philippines44.4109,581,078
Iran44.583,992,949
Thailand44.569,799,978
Cameroon44.626,545,863
Guyana44.6786,552
United States45331,002,651
Peru45.332,971,854
Mozambique45.631,255,435
Saudi Arabia45.934,813,871
Singapore45.95,850,342
South Sudan4611,193,725
Togo468,278,724
Malawi46.119,129,952
Malaysia46.232,365,999
China46.51,439,323,776
Bolivia4711,673,021
Dominican Republic47.110,847,910
Honduras47.19,904,607
Nicaragua47.16,624,554
Mexico48.2128,932,753
Costa Rica48.55,094,118
Kenya48.553,771,296
Nigeria48.8206,139,589
Brazil49212,559,417
Rwanda50.412,952,218
Swaziland50.41,160,164
Chile50.519,116,201
Panama50.74,314,767
Papua New Guinea50.98,947,024
Colombia51.150,882,891
Paraguay51.77,132,538
Guatemala5317,915,568
Hong Kong53.97,496,981
Comoros55.9869,601
Zambia57.518,383,955
Namibia59.72,540,905
Botswana60.52,351,627
Haiti60.811,402,528
South Africa62.559,308,690
Lesotho63.22,142,249