Norway: Gini inequality index
* indicates monthly or quarterly data series
Norway |
Gini income inequality index |
---|---|
Latest value | 27.70 |
Year | 2019 |
Measure | index points |
Data availability | 1979 - 2019 |
Average | 27.04 |
Min - Max | 24.60 - 31.60 |
Source | The World Bank |
The latest value from 2019 is 27.7 index points, an increase from 27.6 index points in 2018. In comparison, the world average is 35.06 index points, based on data from 75 countries. Historically, the average for Norway from 1979 to 2019 is 27.04 index points. The minimum value, 24.6 index points, was reached in 1986 while the maximum of 31.6 index points was recorded in 2004.
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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 | Reference | Measure |
---|---|---|---|
Gini inequality index | 27.70 | 2019 | index points |
Poverty ratio | 12.20 | 2021 | percent |
Poverty at 1.90 USD per day | 0.20 | 2019 | percent |
Poverty at 5.50 USD per day | 0.50 | 2019 | percent |
Top 10 percent income share | 22.40 | 2019 | percent |