Gini Coefficient

In Contemporary World by jordankent

The Gini index or Gini coefficient is a statistical measure of distribution developed by the Italian statistician Corrado Gini in 1912. It is often used as a gauge of economic inequality, measuring income distribution or, less commonly, wealth distribution among a population. The coefficient ranges from 0 (or 0%) to 1 (or 100%), with 0 representing perfect equality and 1 representing perfect inequality. Values over 1 are theoretically possible due to negative income or wealth. (Investopedia)
Read more: Gini Index | Investopedia

The list of countries and their Gini Coefficient: We will use the World Bank’s Gini Coefficient numbers