Australia Gini Coefficient (GINI Index): World Bank Estimate

Australia Gini Coefficient (GINI Index): World Bank Estimate data was reported at 34.300 % in 2018. This records an increase from the previous number of 33.700 % for 2016. Australia Gini Coefficient (GINI Index): World Bank Estimate data is updated yearly, averaging 33.500 % from Dec 1981 (Median) to 2018, with 12 observations. The data reached an all-time high of 35.400 % in 2008 and a record low of 31.300 % in 1981. Australia Gini Coefficient (GINI Index): World Bank Estimate data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Australia – Table AU.World Bank.WDI: Social: Poverty and Inequality. Gini index measures the extent to which the distribution of income (or, in some cases, 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. The Gini index measures the area between the Lorenz curve and a hypothetical line of absolute equality, expressed as a percentage of the maximum area under the line. Thus a Gini index of 0 represents perfect equality, while an index of 100 implies perfect inequality.;World Bank, Poverty and Inequality Platform. Data are based on primary household survey data obtained from government statistical agencies and World Bank country departments. Data for high-income economies are mostly from the Luxembourg Income Study database. For more information and methodology, please see http://pip.worldbank.org.;;The World Bank’s internationally comparable poverty monitoring database now draws on income or detailed consumption data from more than 2000 household surveys across 169 countries. See the Poverty and Inequality Platform (PIP) for details (www.pip.worldbank.org).

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