Lesotho currently holds the distinction of the country having the highest Gini Coefficient at 0.632. For example, South Africa has a Gini coefficient of 63 (highest), the United States is at 41.5 and Ukraine stands with a score of 25 (lowest). 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. 61 B. The Gini coefficient saw sustained growth during the 19th and 20th centuries. The economy of South Africa is the second largest in Africa. Coefficient of human inequality: n.a. country comparison to the ... All suggestions for corrections of any errors about South Africa Economy 2020 should be addressed to the CIA or the source cited on each page. WHAT ARE THE LIMITATIONS OF THE WORLD BANK’S GINI INDEX? Income inequality, quintile ratio: n.a. This is because the Gini coefficient measures relative, not absolute, wealth. Unemployment remains a key challenge, standing at 27.6% in the first quarter of 2019. Gini index (World Bank estimate) - South Africa. Industrial Production in South Africa decreased 0.10 percent in December of 2020 over the previous month. South Africa GINI index was 57.7 % in 2018, up by 0.00% from the previous year. In a country where everyone has the same income the gini coefficient would be 0. Mathematically, the Gini coefficient is defined based on the Lorenz curve. Cancel. Up Next. A high-income country and a low-income country can have the same Gini coefficients. 6523.0 - Household Income and Wealth, Australia, 2017-18 2019. South Africa: A modified Gini coefficient Adél Bosch*, Jannie Rossouw*, Tian Claassens and Bertie du Plessis School of Development Studies Working Paper No 58 September 2010 ISBN 978-1-86840-695-1 * The views expressed are those of the author(s) and do not necessarily represent those of the South African Reserve Bank or Reserve Bank policy. Join Now . What drives changes in poverty in South Africa? South Africa is known as one of the most unequal countries in the world, reporting a per-capita expenditure Gini coefficient of 0,67 in 2006, dropping to 0,65 in 2015. In the U.S., poverty is an increasing issue, with about 33 million workers earn less than $10 per hour, putting a family of four below the poverty level. Income inequality has political and economic impacts such as slower GDP growth, reduced income mobility, greater household debt, political polarization, and higher poverty rates. The Gini coefficient was developed by Italian statistician Corrado Gini in 1912 and is the most commonly used measurement of wealth or income inequality. South Africa’s political transition is known as one of the most remarkable political feats of the past century. South Africa - GINI index (World Bank estimate) The value for GINI index (World Bank estimate) in South Africa was 63.00 as of 2014. F. South Africa lags its peers on inclusiveness of consumption growth 56 i. Some of the world's poorest countries, such as the Central African Republic, have some of the highest Gini coefficients (61.3 in this case). In 1990, the Gini coefficient was 0.43, indicating an overall increase in income inequality over the last 30 years. Website. However, it is the most industrialized, technologically advanced, and diversified economy on the African continent. South Africa S Gini Coefficient Is The Highest In The World Gini Coefficient World South Africa . 2) The rank that you see is the CIA reported rank, which may have the following issues: a) They assign increasing rank number, … Autoplay is paused. The United States has a Gini coefficient of 0.480. Many of these low-wage workers have no sick days, pension, or health insurance. With a Gini coefficient of.0625, South Africa is the second-most unequal country in the world. The countries with the highest Gini coefficients are: South Africa is one of the world's most unequal countries, with a Gini coefficient of 0.625. Incidence of growth 56 G. Inequality slows down poverty reduction 58 CHAPTER 4: DRIVERS OF POVERTY AND INEQUALITY IN SOUTH AFRICA 61 A. Data are based on primary household survey data obtained from government statistical agencies and World Bank country departments. Income share held by poorest 40% : n.a. 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. A Lorenz curve plots the cumulative percentages of total income received against the cumulative number of recipients, starting with the poorest individual or household. Another limitation of the Gini coefficient is that it is not additive across groups, i.e. Thus, if everyone in a group (or for that matter in a country) has the same income, the coefficient will be 0. South Africa is an upper-middle-income economy, one of only eight such countries in Africa. Industrial Production Mom in South Africa averaged 0.15 percent from 1990 until 2020, reaching an all time high of 28 percent in May of 2020 and a record low of -43.70 percent in April of 2020. 66 i. The Gini coefficient is a frequent measure of inequality, which obtains the value of zero if all resources are distributed equally and a value of 100 if one person has all resources. Income share held by richest 1% : n.a. Additionally, due to limitations such as reliable GDP and income data, the Gini index may overstate income inequality and be inaccurate. Data and research on social and welfare issues including families and children, gender equality, GINI coefficient, well-being, poverty reduction, human capital and inequality., Gini coefficients, poverty rates, income, etc. Additionally, about 55.5% of South Africans live in poverty, earning less than $83 per month. South Africa suffers among the highest levels of inequality in the world when measured by the commonly used Gini index. Lesotho – a small, mountainous kingdom of 2.1 million people completely enclaved in South Africa – provides an interesting case study. This is according to the Inequality Trends in South Africa report released by Stats SA. Mithilfe einer Lorenzkurve werden die kumulierten Prozentsätze des Gesamteinkommens und die kumulierte Anzahl der Personen, die Einkommen beziehen, angefangen … By oncomi 17 Jun, 2020 The coefficient ranges from 0 0 to 1 100 with 0 representing perfect equality and 1 representing perfect inequality. For more information and methodology, please see PovcalNet ( iresearch.worldbank.org/PovcalNet/index.htm ). If every resident of a nation had the same income, the Gini coefficient would be zero. According to the latest governmental data from 2019, the Gini coefficient in South Africa was 0.65 points in 2015. 2019. Many European countries have some of the lowest Gini coefficients, such as Slovakia, Slovenia, Sweden, Ukraine, Belgium, and Norway. The Nordic countries and Central Eastern European countries are among the most equal countries. 3. These … The World Bank Gini table shows a range from a low of about 25 (reflected in some European countries) to a high of that accorded to South Africa, which has a score of 63. If you continue to navigate this website beyond this page, cookies will be placed on your browser. This is according to the Inequality Trends in South Africa report released by Stats SA. The Gini … Additionally, more than half of South Africa's population, about 55.5%, live in poverty, earning less than $83 per month. According to World Bank's Poverty and Shared Prosperity 2020 report, the Gini coefficient increases about 1.5 points in the five years following major epidemics, such as H1N1 (2009), Ebola (2014), and Zika (2016). There are surprisingly many. Find Out, Online tool for visualization and analysis. The unemployment rate is even higher among youths, at around 55.2%. Additionally, more than half of South Africa’s population, about 55.5%, live in poverty, earning less than $83 per month. The Gini coefficient saw sustained growth during the 19th and 20th centuries. Inequality is generally lower in European nations than it is in non-European nations. Low growth and rising unemployment have contributed to the persistence of inequality. All suggestions for corrections of any errors about Distribution of family income - Gini index should be addressed to the CIA. This bibliography was generated on Cite This For Me on Wednesday, January 22, 2020. Income share … 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. In-text: (6523.0 - Household Income and Wealth, Australia, 2017-18, 2019) Your Bibliography: Australian Bureau of Statistics. World Bank, Development Research Group. What drives changes in inequality and intergenerational mobility in South Africa? Inequality manifests itself through a skewed income distribution, unequal access to opportunities, and regional disparities. In South Africa, the richest 10% hold 71% of the wealth, while the poorest 60% hold just 7% of the wealth. The ruling African National Congress (ANC) has been driving the policy agenda since 1994. In 2015, the top 1% of earners in the United States averaged 40 times more income than the bottom 90%. No claims are made regarding the accuracy of Distribution of family income - Gini index information contained here. If one resident earned all of the income in a nation and the rest earned zero, the Gini coefficient would be 1. In 1820, the Gini coefficient was 0.50 and in 1980 and 1992, the figure was 0.657. “About 40% of South Africans lived below the lower bound poverty line in 2015, up from 36.4% in 2011,” Um said. South Africa is known as one of the most unequal countries in the world, reporting a per-capita expenditure Gini coefficient of 0,67 in 2006, dropping to 0,65 in 2015. To learn more about cookies, click here. Der GINI-Index misst, zu welchem Ausmaß die Einkommensverteilung oder die Konsumausgaben von Individuen oder Haushalten innerhalb einer Volkswirtschaft von der idealen, gleichmäßigen Verteilung abweicht. Drivers of inequality of consumption 66 … Here are the most basic ones: According to the Palma ratio, the top 10% of the population spent 8,6 times more than the bottom 40% in 2006; this ratio reduced to 7,9 in 2015. The table can be put in forward or reverse alphabetical order by clicking the sort button at the top of the country column. Learn how the World Bank Group is helping countries with COVID-19 (coronavirus). As per the World Bank, India’s Gini Index is 35.2 (0.35) as of March 2020; Currently, though, it is estimated to be close to 0.50, which is the highest value to date. According to … 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. The Gini coefficient ranges from 0 (0%) to 1 (100%), with 0 representing perfect equality and 1 representing perfect inequality. The Lorenz curve plots the percentiles of the population on the graph's horizontal axis according to income or wealth, whichever is being measured. 6523.0 - Household Income and Wealth, Australia, 2017-18. You're signed out. While the Gini coefficient is a useful tool for analyzing the wealth or income distribution in a country, it should not indicate a country's overall wealth or income. This site uses cookies to optimize functionality and give you the best possible experience. This is a list of countries or dependencies by income inequality metrics, including Gini …
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