Per capita income is a statistical average, which tells us the size of the economic pie, but not how it’s divided.

It’s not a good thing that only a handful of teams, often the richest ones, are winning the major leagues throughout the ...

The Lorenz curve is a central piece in calculating the Gini coefficient, a mathematical representation of inequality levels. Because Lorenz curves are mathematical estimates based on fitting a ...

The Gini coefficient is a single index measure that can be expressed on a scale of 0 to 100, where 0 represents perfect equality in income distribution and 100 represents perfect inequality.

In 2015, our Gini coefficient was 44.4, went down to 41.9 in 2018, and down further to 40.6 in 2021. Calculating it is taught in economics or statistics courses, but perhaps a more intuitive measure ...

This is a trend captured by the Gini Index, also called the Gini Coefficient ... and is used to calculate the Gini Index. To validate these findings, our research team used data from the Human ...

This is measured by the Gini coefficient, said Mr Wong, who is also Finance Minister. CNA looks at how to understand this metric and what goes into calculating Singapore's figure. The Gini ...

The Gini Coefficient is a widely used measure of income inequality within a population. It ranges from 0 (perfect equality) to 1 (perfect inequality), with higher values indicating more inequality.

The Gini index, also known as the Gini coefficient, is a measure of statistical dispersion ... This article provides a step-by-step guide for calculating the Gini index for any data set. Step 1: ...

Wealth Gini coefficients tend to be much higher than ... The coefficient is only as reliable as the data used to calculate it, and a single-number reading cannot tell the whole story.

ABSTRACT: The paper provides estimates of Gini coefficients for each of the 31 Chinese provinces for the years 2000-2012. The estimates bring out the extremely high income inequality to be found in ...