Colombia CO: Gini Coefficient (GINI Index): World Bank Estimate

Colombia CO: Gini Coefficient (GINI Index): World Bank Estimate data was reported at 54.800 % in 2022. This records a decrease from the previous number of 55.100 % for 2021. Colombia CO: Gini Coefficient (GINI Index): World Bank Estimate data is updated yearly, averaging 53.600 % from Dec 1980 (Median) to 2022, with 28 observations. The data reached an all-time high of 59.100 % in 1980 and a record low of 49.700 % in 2017. Colombia CO: 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 Colombia – Table CO.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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