Venezuela: Gini inequality index

The latest value from 2006 is 44.7 index points, a decline from 49.3 index points in 2005. In comparison, the world average is 37.79 index points, based on data from 75 countries. Historically, the average for Venezuela from 1981 to 2006 is 47.93 index points. The minimum value, 42.1 index points, was reached in 1992 while the maximum of 55.6 index points was recorded in 1981. See the global rankings or world map 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.