Largest Income Disparity In The World

This is a ratio of 44 4 to 1.

Largest income disparity in the world. But what is income disparity and where does america rank versus other world economies. This is taken from liberati p. A gini index of 0 expresses perfect equality while index of 100 expresses maximal inequality. The first choice for data on within country inequality is the world income inequality database wiid2 provided by the world institute for development economics research wider.

Income inequality looks at the gap between what the lowest paid workers earn each day versus the salaries of top employees. Portugal had made progress in regards to the problem of wealth inequality but a lot of that progress was offset by the economic crisis that hit in the early 2000s. Un data from the united nations development programme. In 2015 the average income of the top 1 was 2 2 million and the average income of the bottom 99 was 49 617.

Their data also shows that adults with less than 10 000 in wealth make up 56 6 percent of the world s population but hold less than 2 percent of global wealth. The income redistribution structure of each country which includes taxes as well as transfers like welfare social security and unemployment insurance can make a big difference in how severe the gap between rich and poor is. The wealth gini numbers come from the global wealth databook 2018 by credit suisse. Using 2018 data from the world economic forum wef we compiled a list of countries with the largest income disparity also known as income inequality from this data released in 2019 we ranked the 25 countries with the most unequal income distributions.

The ratio of the average income of the richest 20 to the poorest 20. Review of income and wealth. According to the credit suisse global wealth report the world s richest 1 percent those with more than 1 million own 44 percent of the world s wealth. Also the gini wealth coefficients for 2019 are shown.

Using the most recent figures south africa namibia and haiti are among the most unequal countries in terms of income distribution based on the gini index estimates from the world bank while. World bank data from the world bank. Portugal may be sixth on our list but it has the highest income inequality of any developed country in the eu. 2013 the world distribution of income and its inequality 1970 2009.

The table below is for 2018 the gdp data is based on data from the world bank the population data is based on data from the un. The wealth gini coefficients from 2008 are based on a working paper published by the national bureau of economic research. Nationally the numbers were 1 32 million for the top 1 and 50 107 for the bottom 99 a ratio of 26 3 to 1. Gini gini index a quantified representation of a nation s lorenz curve.