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Code3.0.Gini
Indicator NameGini Coefficient
Short definitionThe Gini coefficient is most common measure of inequality. It is based on the Lorenz curve, a cumulative frequency curve that compares the distribution of a specific variable (in this case, income) with the uniform distribution that represents equality. The Gini coefficient is bounded by 0 (indicating perfect equality of income) and 1, which means complete inequality. This calculation includes observations of 0 income.
SourceLAC Equity Lab tabulations of SEDLAC (CEDLAS and the World Bank).
TopicIncome Inequality
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