What is the Gini coefficient of Malaysia?

What is the Gini coefficient of Malaysia?

42.8 %
Malaysia GINI index was 42.8 % in 2018 – the single year for which the data is available at the moment.

Which country has the lowest Gini?

South Africa
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.

Which country has highest Gini coefficient?

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 Singapore?

0.375
In February, Deputy Prime Minister Heng Swee Keat highlighted that income inequality measures in terms of the Gini coefficient in Singapore fell from 0.398 in 2019 to a historic low of 0.375 in 2020 due to “massive transfers” and schemes aimed towards supporting lower-income groups.

How is Gini coefficient calculated?

The Gini coefficient can be calculated using the formula: Gini Coefficient = A / (A + B), where A is the area above the Lorenz Curve and B is the area below the Lorenz Curve.

Which country has the highest Gini coefficient 2020?

South Africa had the highest inequality in income distribution with a Gini score of 63, according to the Gini Index 2020. The Gini coefficient measures the deviation of the distribution of income (or consumption) among individuals or households within a country from a perfectly equal distribution.

How do you explain Gini coefficient?

The Gini coefficient measures how far the actual Lorenz curve for a society’s income or wealth is from the line of equality. Both the Lorenz curve and the line of equality are plotted on a graph. 0 means that the country is perfectly equal, and 1 means that one person has all the wealth or income.

What is the Gini coefficient in China?

0.481
That means China’s Gini coefficient (0.481) belongs to a handful of countries with top inequality in the world, not only higher than that of western developed countries, but also above Asia’s average (0.3513).

Is Singapore’s Gini coefficient high?

In February, Deputy Prime Minister Heng Swee Keat highlighted that income inequality measures in terms of the Gini coefficient in Singapore fell from 0.398 in 2019 to a historic low of 0.375 in 2020 due to “massive transfers” and schemes aimed towards supporting lower-income groups.

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