Data are based on primary household survey data obtained from government statistical agencies and World Bank country departments. If income were distributed with perfect equality the index would be zero; if income were distributed with perfect inequality, the index would be 100. World Bank, Definition: Gini index measures the extent to which the distribution of income (or, in some cases, consumption expenditure) among individuals or households within an economy deviates from a perfectly equal distribution. Gender Inequality Index (GII) n.a. The Gini index, a widely used statistic that measures income inequality, fell from 52 in 1990 to about 48 in 2015. This site uses cookies to optimize functionality and give you the best possible experience. The more nearly equal a country's income distribution, the closer its Lorenz curve to the 45 degree line and the lower its Gini index, e.g., a Scandinavian country with an index of 25. Chile - GINI index (World Bank estimate) The value for GINI index (World Bank estimate) in Chile was 46.60 as of 2017. Index, Annual, Not Seasonally Adjusted 1984 to 2015 (2018-09-27) GINI Index for Canada . One Federal Reserve Bank Plaza, Thus a Gini index of 0 represents perfect equality, while an index of 100 implies perfect inequality. In the future, Sapelli estimates a value of 0.35 for the Gini coefficient, allowing Chile to reach an even lower index than the 0.49 corresponding to the United States (2010). The World Bank labels these annual series, but several observations are missing. The latest statistics for Chile show a Gini index of 52. The Gini index or Gini coefficient is a statistical measure of distribution measuring income distribution or, less commonly, wealth distribution among a population. A Lorenz curve plots the cumulative percentages of total income received against the cumulative number of recipients, starting with the poorest individual or household. Thus a Gini index of 0 represents perfect equality, while an index of 100 implies perfect inequality. Index, Not Seasonally Adjusted, Frequency: For more information and methodology, please see PovcalNet (, Poverty headcount ratio at national poverty lines (% of population), Poverty gap at $3.20 a day (2011 PPP) (%), Poverty headcount ratio at $1.90 a day (2011 PPP) (% of population), Multidimensional poverty headcount ratio (% of total population), Multidimensional poverty headcount ratio, male (% of male population), Multidimensional poverty index, children (population ages 0-17) (scale 0-1), Poverty headcount ratio at $5.50 a day (2011 PPP) (% of population), Multidimensional poverty headcount ratio, household (% of total households), International Comparison Program & Purchasing Power Parity, International Household Survey Network (IHSN), Trust Fund for Statistical Capacity Building, iresearch.worldbank.org/PovcalNet/index.htm. Índice de Gini Banco Mundial, Grupo de investigaciones sobre el desarrollo. Developed by Italian statistician Corrado Gini in 1912, the Gini coefficient is the most commonly used measure of inequality. Index, Annual, Not Seasonally Adjusted 1987 to 2017 (Mar 20) GINI Index for Malaysia . F Furthermore, the OECD reports that, “38% of Chileans find it difficult or very difficult to live on their current income, well … India GINI index was 47.9 % in 2018, unchanged from the previous year. Prevalence of female genital mutilation/cutting among girls and women (% of girls and young women ages 15–49) n.a. Its Gini coefficient value stands at a record 0.50, one of the highest inequality coefficients in the world. Gini Ratios for Households, by Race and Hispanic Origin of Householder. The more unequal a country's income distribution, the higher its Gini index, e.g., a Sub-Saharan country with an index of 50. Gini index measures the extent to which the distribution of income or consumption expenditure among individuals or households within an economy deviates from a perfectly equal distribution. Few regions in the world are as unequal as Latin America. Release: The Gini Coefficient The Gini coefficient or Gini index is a statistical measure of distribution to represent the income or wealth of a country’s residents. Gini index measures the extent to which the distribution of income or consumption expenditure among individuals or households within an economy deviates from a perfectly equal distribution. Human Development Index (HDI), male: n.a. The Gini index measures the area between the Lorenz curve and a hypothetical line of absolute equality, expressed as a percentage of the maximum area under the line. We've looked at the Gini index, the most widely used international measure of inequality - for which the higher the number, the greater the inequality. Los datos se basan en datos primarios obtenidos de encuestas de hogares de los organismos de estadística del gobierno y los departamentos de país del Banco Mundial. Income Limits for Each Fifth and Top 5 Percent of Families. Maternal mortality ratio (deaths per 100,000 live births) n.a. Gini index (World Bank estimate) - Chile World Bank, Development Research Group. retrieved from FRED, Learn how the World Bank Group is helping countries with COVID-19 (coronavirus). The more unequal a country's income distribution, the higher its Gini index, e.g., a Sub-Saharan country with an index of 50. The Gini index is a measure of the distribution of income across a population. For more information and methodology, please see PovcalNet (iresearch.worldbank.org/PovcalNet/index.htm). ... Chile: Gini … Export Explore data View Ranking Bookmark 20 July 2020: New data are available for Finland, Norway, Sweden and the United Kingdom (income year 2018), the Slovak Republic (income year 2017) and Switzerland (income years 2016 and 2017). GINI Index for Chile [SIPOVGINICHL], According to the Organization for Economic Cooperation and Development (OECD), economic inequality in Chile is a major problem. Gini Ratios for Households, by Race and Hispanic Origin of Householder [<1.0 MB] Table F-1. El Salvador recorded the lowest Gini coefficient at 38, even below Uruguay and Chile, which are some of the countries with the highest human development indexes in Latin America. Gini coefficients are used to measure the wealth distribution across many countries. Gini index measures the extent to which the distribution of income or consumption expenditure among individuals or households within an economy deviates from a perfectly equal distribution. The description is composed by our digital data assistant. GINI index of Chile fell gradually from 54.9 % in 1996 to 44.4 % in 2017. Federal Reserve Bank of St. Louis; In economics, the Gini coefficient (/ ˈ dʒ iː n i / JEE-nee), sometimes called the Gini index or Gini ratio, is a measure of statistical dispersion intended to represent the income inequality or wealth inequality within a nation or any other group of people. If you continue to navigate this website beyond this page, cookies will be placed on your browser. The index is the ratio of (a) the area between a country's Lorenz curve and the 45 degree helping line to (b) the entire triangular area under the 45 degree line. Income inequality among individuals is measured here by five indicators. Chile also held the highest position among Latin American nations in the 2019 UN Human Development Index. Mandatory paid maternity leave (days) n.a. The Gini index measures the area between the Lorenz curve and a hypothetical line of absolute equality, expressed as a percentage of the maximum area under the line. The Gini index measures the area between the Lorenz curve and a hypothetical line of absolute equality, expressed as a percentage of the maximum area under the line. Categories > International Data > Indicators > Population, Employment, & Labor Markets > Income Distribution. World Development Indicators, Units: A higher Gini index indicates greater inequality, with high income individuals receiving much … The Gini index measures the area between the Lorenz curve and a hypothetical line of absolute equality, expressed as a percentage of the maximum area under the line. As the graph below shows, over the past 30 years this indicator reached a maximum value of 57.20 in 1990 and a minimum value of 46.60 in 2017. If income were distributed with perfect equality the index would be zero; if income were distributed with perfect inequality, the index would be 100. For more information and methodology, please see PovcalNet (http://iresearch.worldbank.org/PovcalNet/index.htm).Source Indicator: SI.POV.GINIWorld Bank collection of development indicators, compiled from officially recognized international sources. Out of the 20 most unequal countries worldwide when measuring income inequality on the Gini Index, eight are Latin American while the rest are in Sub-Saharan Africa.On average, the region has a Gini Index around 41.0 when looking at wage inequality specifically, compared to the OECD’s average of 31.8, per the World Bank’s 2018 … The Gini coefficient is based on the comparison of cumulative proportions of the population against cumulative proportions of income they receive, and it ranges between 0 in the case of perfect equality and 1 in the case of perfect inequality. Series from World Development Indicators. Federal Reserve Bank of St. Louis, Sapelli also measures the intra and inter-generation mobility in Chile. World Bank, Development Research Group. Releases from World Bank, More Value & Rank The GINI index of Chile is 52.1 with a global rank of 19. Gini impurity measures the degree or probability of a particular variable being wrongly classified when it is randomly chosen The Gini coefficient was developed by Italian statistician Corrado Gini in 1912 and is the most commonly used measurement of wealth or income inequality. Data are based on primary household survey data obtained from government statistical agencies and World Bank country departments. Find Out, Online tool for visualization and analysis. Are you sure you want to remove this series from the graph? Please review the copyright information in the series notes before sharing. Thus a Gini index of 0 represents perfect equality, while an index of 100 implies perfect inequality. Chile China Colombia Comoros Congo Costa Rica Croatia Cyprus Czech Republic Dem. Data in this graph are copyrighted. Thus a Gini index of 0 represents perfect equality, while an index of 100 implies perfect inequality.Data are based on primary household survey data obtained from government statistical agencies and World Bank country departments. gini index Select a Poverty Line International Poverty Line ($1.90) Lower Middle Income Poverty Line ($3.20) Upper Middle Income Poverty Line ($5.50) Select a Poverty Line International Poverty Line ($1.90) Lower Middle Income Poverty Line ($3.20) Upper Middle Income Poverty Line ($5.50) December 12, 2020. https://fred.stlouisfed.org/series/SIPOVGINICHL, This is a list of countries or dependencies by income inequality metrics, including Gini … This can not be undone. St. Louis, MO 63102, http://iresearch.worldbank.org/PovcalNet/index.htm, More Index, Annual, Not Seasonally Adjusted 1971 to 2017 (Oct 8) GINI Index for the United Kingdom . > 0.95 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. It presents the most current and accurate global development data available and includes national, regional, and global estimates. Annual. GINI Index for Chile . Human Development Index (HDI), female: n.a. To learn more about cookies, click here. Of 100 implies perfect inequality, Grupo de investigaciones sobre el desarrollo is helping countries with COVID-19 ( ).... Chile: Gini … India Gini index of 100 implies perfect inequality website beyond this page, cookies be... 5 Percent of Families for the United Kingdom primary household survey data obtained from government agencies! 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