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Income inequality

Income Inequality or Economic Inequality is a measure of inequality in the amount of wealth or income between individuals in a given company. In its fundamental principle, it is a measure of poverty, well-being, and redistribution within tax or social systems.

We can measure income inequality with a Gini coefficient, which is a dimensionless number between 0 and 1.

  • Zero means perfect income equality, where everyone has the same income.
  • One means perfect inequality, one person has all the income in the state and the others have nothing.

The higher the index, the greater the income inequality in the country. Conversely, the smaller the index, the greater the income equality.

Data source:

Instructions:

Sort states by income inequality from the most balanced states to the least balanced states.

Example

Sort states by income inequality from the most balanced states to the least balanced states.

the greatest income equality (Gini the coefficient is the smallest)

  • Czechia
  • Montenegro
  • Russia

the greatest income inequality (Gini the coefficient is the largest)

Solution

Sort states by income inequality from the most balanced states to the least balanced states.

the greatest income equality (Gini the coefficient is the smallest)

  • Czechia 25,9
  • Montenegro 31,9
  • Russia 37,7

the greatest income inequality (Gini the coefficient is the largest)

Solve exercises

Income inequality
    Country Capital city Income iequality
1. Ukraine Kiev 25,0
2. Slovenia Ljubljana 25,4
3. Belarus Minsk 25,4
4. Czechia Prague 25,9
5. Moldova Kishinev 25,9
6. Slovakia Bratislava 26,5
7. Azerbaijan Baku 26,6
8. Finland Helsinki 27,1
9. Kyrgyzstan Bishkek 27,3
10. Kazakhstan Astana 27,5
11. Norway Oslo 27,5
12. Algeria Algiers 27,6
13. Belgium Brussels 27,7
14. Iceland Reykjavík 27,8
15. Netherlands Amsterdam 28,2
16. Denmark Copenhagen 28,2
17. Serbia Belgrade 28,5
18. East Timor Dili 28,7
19. Albania Tirana 29,0
20. Sweden Stockholm 29,2
21. Malta Valletta 29,4
22. Iraq Baghdad 29,5
23. Hungary Budapest 30,4
24. Austria Vienna 30,5
25. Poland Warsaw 30,8
26. São Tomé and Príncipe São Tomé 30,8
27. Croatia Zagreb 31,1
28. Korea, South Seoul 31,6
29. Germany Berlin 31,7
30. Lebanon Beirut 31,8
31. Egypt Cairo 31,8
32. Ireland Dublin 31,8
    Country Capital city Income iequality
33. Montenegro Podgorica 31,9
34. Japan Tokyo 32,1
35. Switzerland Bern 32,3
36. Mongolia Ulaanbaatar 32,3
37. Bangladesh Dhaka 32,4
38. Mauritania Nouakchott 32,6
39. France Paris 32,7
40. Estonia Tallinn 32,7
41. Nepal Kathmandu 32,8
42. Tunisia Tunis 32,8
43. Bosnia and Herzegovina Sarajevo 33,0
44. Mali Bamako 33,0
45. United Kingdom London 33,2
46. Pakistan Islamabad 33,5
47. Armenia Yerevan 33,6
48. Guinea Conakry 33,7
49. Jordan Amman 33,7
50. Luxembourg Luxembourg 33,8
51. Cyprus Nicosia 34,0
52. Tajikistan Dushanbe 34,0
53. Sierra Leone Freetown 34,0
54. Canada Ottawa 34,0
55. Latvia Riga 34,2
56. Niger Niamey 34,3
57. Liberia Monrovia 35,3
58. Burkina Faso Ouagadougou 35,3
59. Uzbekistan Tashkent 35,3
60. Vietnam Hanoi 35,3
61. Sudan Khartoum 35,4
62. Italy Rome 35,4
63. Portugal Lisbon 35,5
64. North Macedonia Skopje 35,6
65. India New Delhi 35,7
    Country Capital city Income iequality
66. Australia Canberra 35,8
67. Syria Damascus 35,8
68. Mauritius Port Louis 35,8
69. Romania Bucharest 35,9
70. Gambia, The Banjul 35,9
71. Greece Athens 36,0
72. Spain Madrid 36,2
73. Laos Vientiane 36,4
74. Thailand Bangkok 36,5
75. Fiji Suva 36,7
76. Yemen Sana'á 36,7
77. Kiribati Tarawa 37,0
78. Solomon Islands Honiara 37,1
79. Bulgaria Sofia 37,4
80. Bhutan Thimphu 37,4
81. Lithuania Vilnius 37,4
82. Vanuatu Port Vila 37,6
83. Tonga Nuku'alofa 37,6
84. Russia Moscow 37,7
85. Tanzania Dodoma 37,8
86. Georgia Tbilisi 37,9
87. El Salvador San Salvador 38,0
88. Gabon Libreville 38,0
89. Myanmar (Barma) Naypyidaw 38,1
90. Indonesia Jakarta 38,1
91. Maldives Malé 38,4
92. China Beijing 38,6
93. Burundi Gitega 38,6
94. Samoa Apia 38,7
95. Israel Tel Aviv 38,9
96. Tuvalu Funafuti 39,1
97. Ethiopia Addis Ababa 39,1
    Country Capital city Income iequality
98. Uruguay Montevideo 39,5
99. Morocco Rabat 39,5
100. Iran Tehran 40,0
101. Philippines Manila 40,1
102. Micronesia Palikir 40,1
103. Trinidad and Tobago Port of Spain 40,3
104. Senegal Dakar 40,3
105. Argentina Buenos Aires 40,6
106. Turkmenistan Ashgabat 40,8
107. Kenya Nairobi 40,8
108. Malaysia Kuala Lumpur 41,0
109. Haiti Port-au-Prince 41,1
110. United States Washington 41,5
111. Ivory Coast Yamoussoukro 41,5
112. Djibouti Djibouti 41,6
113. Turkey Ankara 41,9
114. Papua New Guinea Port Moresby 41,9
115. Congo, Democratic Republic of the Kinshasa 42,1
116. Madagascar Antananarivo 42,6
117. Angola Luanda 42,7
118. Uganda Kampala 42,8
119. Nigeria Abuja 43,0
120. Togo Lomé 43,1
121. Zimbabwe Harare 43,2
122. Chad N'Djamena 43,3
123. Peru Lima 43,3
124. Mexico Mexico City 43,4
125. Ghana Accra 43,5
126. Rwanda Kigali 43,7
127. Bolivia Sucre 44,0
128. Guyana Georgetown 44,6
129. Ecuador Quito 44,7
130. Malawi Lilongwe 44,7
131. Comoros Moroni 45,3
    Country Capital city Income iequality
132. Jamaica Kingston 45,5
133. Dominican Republic Santo Domingo 45,7
134. Nicaragua Managua 46,2
135. South Sudan Juba 46,3
136. Cameroon Yaoundé 46,6
137. Chile Santiago 46,6
138. Seychelles Victoria 46,8
139. Venezuela Caracas 46,9
140. Cape Verde Praia 47,2
141. Benin Porto Novo 47,8
142. Costa Rica San José 48,3
143. Guatemala Guatemala City 48,3
144. Paraguay Asunción 48,8
145. Congo, Republic of the Brazzaville 48,9
146. Colombia Bogotá 49,7
147. Sri Lanka Colombo 49,8
148. Panama Panama City 49,9
149. Honduras Tegucigalpa 50,5
150. Guinea-Bissau Bissau 50,7
151. Saint Lucia Castries 51,2
152. Eswatini Mbabane 51,5
153. Brazil Brasília 53,3
154. Botswana Gaborone 53,3
155. Belize Belmopan 53,3
156. Mozambique Maputo 54,0
157. Lesotho Maseru 54,2
158. Central African Republic Bangui 56,2
159. Zambia Lusaka 57,1
160. Suriname Paramaribo 57,6
161. Namibia Windhoek 59,1
162. South Africa Pretoria 63,0