Africa - Income Inequality (Gini Coefficient) by Countries
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Vision2020 , views , updated
Overview
Africa has relatively higher income inequality levels compared to other regions, such as Europe and Asia. Only 20% of the African countries have Gini indices that exceed 50%, with South Africa being the highest at 63% (based on its 2014 figures).
*The Gini coefficient, also known as the Gini index or Gini ratio, is a measure of income or wealth inequality within a country. Developed by Italian statistician Corrado Gini, a Gini coefficient of zero implies perfect equality while a value of 1 or 100% expresses maximal inequality.
**However, the latest Gini coefficients for the countries are based on different years - as such, the values should be used as a general reference and not an exact comparison.
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