How is inequality measured in different countries?

How is inequality measured in different countries?

Inequality is often measured using metrics like the Gini coefficient, income distribution, and poverty rates. Would you like to know more about these methods?

Yes, can you explain the Gini coefficient?

The Gini coefficient ranges from 0 to 1, where 0 represents perfect equality and 1 represents perfect inequality. It's a common measure used to assess income distribution.

How does the Gini coefficient vary between countries?

Countries like Sweden have low Gini coefficients, indicating more equal income distribution, while countries like South Africa have high coefficients, showing significant inequality.

What other factors influence inequality measurements?

Factors include education access, employment opportunities, social policies, and economic growth. Each country has unique circumstances that affect these measurements.