Gini coefficient
Measure of inequality of a distribution
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In economics, the Gini coefficient, also known as the Gini index or Gini ratio, is a measure of statistical dispersion intended to represent the income inequality, the wealth inequality, or the consumption inequality within a nation or a social group. It was developed by Italian statistician and sociologist Corrado Gini.
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India ranks 4th globally in income equality, shows World Bank dataWorld Bank data reveals India ranks fourth globally in income equality, boasting a Gini Index of 25.5 in 2022. This places India ahead of China, the United States, and many G7 and G20 nations. The..IndiaTimes - Published |
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