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Definition of 'Gini Index'
A measurement of the income distribution of a country's residents. This number, which ranges between 0 and 1 and is based on residents' net income, helps define the gap between the rich and the poor, with 0 representing perfect equality and 1 representing perfect inequality.
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Investopedia explains 'Gini Index'
The index is named after its developer, Corrado Gini, an Italian statistician of the early 20th century. It is typically expressed as a percentage, so a 20 coefficient would be shown as 20%.
Don't mistake the measurement of income distribution with the measurement of wealth. A wealthy country and a poor country can have the same Gini coefficient, even if the wealthy country has a relatively equal distribution of affluent residents and the poor country has a relatively equal distribution of cash-strapped residents.
The Gini index is only as accurate as the gross domestic product (GDP) and income data that a country produces. Many developing nations do not produce accurate or trusted economic data, so the index becomes more of an estimate. There is also a generally negative correlation between Gini coefficients and per-capita GDP, because poorer nations tend to have higher index figures.
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Search results for 'Gini Index'
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http://www.investopedia.com/articles/economics/08/Gini-index.asp
The Gini Index: Measuring Income Distribution. August ... nation. This article
will show you how to interpret and apply the Gini index. ...
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http://financialedge.investopedia.com/financial-edge/1011/Top-10-Highest-Paid-Government-Leaders.aspx
... equality and one perfect inequality). (For more on Gini, see The Gini Index:
Measuring Income Distribution.). 1. Donald Tsang (Hong ...
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... (For more, see The Gini Index: Measuring Income Distribution.) While there is still
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http://financialedge.investopedia.com/financial-edge/0810/Water-Cooler-Finance-Pledges-And-Meltdowns.aspx
... wealth more equally. (Check out a way of measuring income inequality in The
Gini Index: Measuring Income Distribution.). Feelin' the ...
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http://www.investopedia.com/articles/economics/08/north-american-free-trade-agreement.asp
... (To read more about how income inequality is determined, and its importance, read
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... on lists of inequality (as measured by the Gini coefficient), and ... Transparency
International's Corruption Perceptions Index may not be a perfect methodology ...
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