Latvia: Gini inequality index

* indicates monthly or quarterly data series

Gini income inequality index

 Latest value 34.30
 Year 2021
 Measure index points
 Data availability 2004 - 2021
 Average 35.67
 Min - Max 34.20 - 39.00
 Source The World Bank
For that indicator, we provide data for Latvia from 2004 to 2021. The average value for Latvia during that period was 35.67 index points with a minimum of 34.2 index points in 2015 and a maximum of 39 index points in 2005. The latest value from 2021 is 34.3 index points. For comparison, the world average in 2021 based on 68 countries is 35.35 index points. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series

Recent values chart
Latvia - Gini inequality index - Recent values chart

Historical chart
Latvia - Gini inequality index - historical chart - 2004-2021

Definition: 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.

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 Related indicators Latest value Reference Measure
 Gini inequality index 34.30 2021 index points
 Poverty ratio 22.50 2022 percent
 Poverty at 1.90 USD per day 0.40 2021 percent
 Poverty at 5.50 USD per day 2.10 2021 percent
 Top 10 percent income share 26.20 2021 percent
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