South Korea: Gini inequality index

For that indicator, we provide data for South Korea from 2006 to 2016. The average value for South Korea during that period was 31.7 index points with a minimum of 31.2 index points in 2014 and a maximum of 32.3 index points in 2008. The latest value from 2016 is 31.4 index points. For comparison, the world average in 2016 based on 81 countries is 36.22 index points. See the global rankings for that indicator or use the country comparator to compare trends over time.

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.