In economics, the Gini coefficient (/ ˈ dʒ iː n i / JEE-nee), sometimes called the Gini index or Gini ratio, is a measure of statistical dispersion intended to represent the income inequality or wealth inequality within a nation or any other group of people. It was developed by the Italian statistician and sociologist Corrado Gini and published in his 1912 paper Variability and Mutability. Gini-koeffisient er et statistisk mål for statistisk spredning, oppkalt etter den italienske statistikeren Corrado Gini.Vanligvis brukes koeffisienten til beregning av inntektsforskjeller eller formuesforskjeller i en befolkning. Koeffisienten angis som en tallverdi fra 0 til 1, hvor 0 indikerer at alle innbyggerne har akkurat like stor inntekt eller formue, mens tallverdien 1 indikerer at.

- The Gini index is a measure of the distribution of income across a population. A higher Gini index indicates greater inequality, with high income individuals receiving much larger percentages of.
- Gini index (World Bank estimate) World Bank, Development Research Group. Data are based on primary household survey data obtained from government statistical agencies and World Bank country departments. For more information and methodology, please see PovcalNet.
- The Gini coefficient, sometimes called the Gini Index or Gini ratio, is a statistical measure of distribution intended to represent the income or wealth distribution of a nation. The Gini coefficient was developed by Italian statistician Corrado Gini in 1912 and is the most commonly used measurement of wealth or income inequality
- South Africa is the top country by GINI index in the world. As of 2018, GINI index in South Africa was 57.7 %. The top 5 countries also includes Namibia, Sri Lanka, China, and Zambia. Gini index measures the extent to which the distribution of income or consumption expenditure among individuals or households within an economy deviates from a perfectly equal distribution
- A Gini Index of 0.5 denotes equally distributed elements into some classes. Formula for Gini Index. where p i is the probability of an object being classified to a particular class. While building the decision tree, we would prefer choosing the attribute/feature with the least Gini index as the root node

- Tanzania - GINI index (World Bank estimate) 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.
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- Gini Gini index, a quantified representation of a nation's Lorenz curve. A Gini index of 0% expresses perfect equality, while index of 100% expresses maximal inequality. UN Data from the United Nations Development Programme. World Bank Data from the World Bank. CIA Data from the Central Intelligence Agency's The World Factbook

GINI index (World Bank estimate) - Country Ranking. 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 The Gini Index can be used to quantify the unevenness in variable distributions, as well as income distributions among countries. The theory behind the Gini Index relies on the difference between a theoretical equality of some quantity and its actual value over the range of a related variable A Gini Index of 0.5 shows that there is equal distribution of elements across some classes. Mathematically, The Gini Index is represented by The Gini Index works on categorical variables and gives the results in terms of success or failure and hence performs only binary split In the example noted above, the **Gini** **index** would register a reading of 1, which indicates perfect inequality. If everyone had exactly the same amount of money, the **index** would register a reading of 0

The Gini coefficient is based on the comparison of cumulative proportions of the population against cumulative proportions of income they receive, and it ranges between 0 in the case of perfect equality and 1 in the case of perfect inequality Die Idee ist, dass bei einer reinen Entscheidung der Baum fertig ist, weshalb die Änderung des Gini-Index als Maß geeignet ist. Bankwesen. Im Bankwesen wird der Gini-Koeffizient als Maß dafür verwendet, wie gut ein Ratingsystem gute von schlechten Kunden trennen kann (Trennschärfe)

* The Gini Index is a summary measure of income inequality*. The Gini coefficient incorporates the detailed shares data into a single statistic, which summarizes the dispersion of income across the entire income distribution. The Gini coefficient ranges from 0,. Data and research on social and welfare issues including families and children, gender equality, GINI coefficient, well-being, poverty reduction, human capital and inequality., Gini coefficients, poverty rates, income, etc. Incomes are more equally distributed and fewer people are poor where social spending is high: the Nordic countries and western European countries, such as Austria, Belgium. The Gini coefficient provides an index to measure inequality, says Antonio Cabrales, a professor of economics at University College London Because this index is used in binary target variables (0,1), a gini index of 0.5 is the least pure score possible. Half is one type and half is the other. Dividing gini scores by 0.5 can help intuitively understand what the score represents. 0.5/0.5 = 1, meaning the grouping is as impure as possible (in a group with just 2 outcomes). 3 red and. The more unequal a country's income distribution, the higher its Gini index, e.g., a Sub-Saharan country with an index of 50. If income were distributed with perfect equality the index would be zero; if income were distributed with perfect inequality, the index would be 100

GInI Certification As a core element of its mission, the Global Innovation Institute operates the world's foremost certification program in business innovation, certifying both individuals and organizations * Gini index doesn't commit the logarithm function and picks over Information gain*, learn why Gini Index can be used to split a decision tree Income Gini coefficient . Measure of the deviation of the distribution of income among individuals or households within a country from a perfectly equal distribution. A value of 0 represents absolute equality, a value of 100 absolute inequality. Source: World Bank (2013). World Development Indicators 2013. Washington, D.C.: World Bank

Der Gini-Index wird aus der Lorenz-Kurve abgeleitet. Die Skala möglicher Werte reicht je nach Anwendungsfall von 0 bis 1, von 0 bis 100, von 0 bis 10000. Je nach Anwendungsfall steht der kleinste oder eben der größte Wert für die gleichmäßige Verteilung The Gini index (i.e. the Gini coefficient) is a statistical measure of distribution, developed by Corrado Gini in 1912. In an economic context it is commonly used as an index of economic inequality that measures income or wealth distribution among the population SSB bruker hovedsakelig tre forskjellige mål på inntektsulikhet: Gini-koeffisienten, P90/P10 og S80/S20. Målene sier noe om hvor stor avstand det er mellom «fattig» og «rik», og hvordan inntektene er fordelt i befolkningen There is an earlier video titled Lorenz Curve in Excel. That video does not include the Gini Index. It focuses on how to construct a Lorenz curve from raw da.. GINI index (World Bank estimate) Search glossaries Source: World Development Indicators | The World Bank. Download Explore Select columns Select sort order Select pivot column Link to this page . Select filters: Country or Area (165) Albania Algeria Angola Argentina Armenia Australia Austria Azerbaijan Bangladesh.

* Gini index (World Bank estimate) - United States, China World Bank, Development Research Group*. Data are based on primary household survey data obtained from government statistical agencies and World Bank country departments 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 Gini Index around 2015 vs. Gini Index around 2000 Gini coefficient, equivalized income after tax and transfers Gini index of income in 2015 vs 1990 (GCIP - including non-survey years Gini Index, on the other hand, was developed independently with its initial intention is to assess the income dispersion of the countries but then be adapted to work as a heuristic for splitting optimization. Test your knowledge: 0 % Information Gain, Gain Ratio and Gini Index - Quiz 1 The Gini index is the most widely used measure of inequality (see map above). It looks at the distribution of a nation's income or wealth, where 0 represents complete equality and 100 total.

- gini's machine learning enrichment engine cleans and structures raw transaction data, and adds the contextual attributes needed for banks to build better digital banking experience
- Gini index measures the extent to which the distribution of income or 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 assigns income inequality a value ranging from 0 to 1, which reflects the nature of income distribution in a given region. A value of zero indicates perfect equality, indicating that all households in an area have the same income, while a value of one indicates perfect inequality, denoting that only one household earns all the income in an area, with all other households having.

(Sometimes the **Gini** coefficient is represented as a percentage or an **index**, in which case it would be equal to (A/(A+B))x100%.) As stated in the Lorenz curve article, the straight line in the diagram represents perfect equality in a society, and Lorenz curves that are further away from that diagonal line represent higher levels of inequality Gini index and entropy are the criteria for calculating information gain. Decision tree algorithms use information gain to split a node. Both gini and entropy are measures of impurity of a node. A node having multiple classes is impure whereas a node having only one class is pure Definicja. Jeżeli obserwacje są uporządkowane w kolejności rosnącej, wówczas współczynnik Giniego wyraża się wzorem: = ∑ = (− −) ¯,gdzie to wartość i-tej obserwacji (np. dochód i-tego gospodarstwa domowego), a ¯ to średnia wartość wszystkich obserwacji (np. przeciętny dochód gospodarstw domowych), czyli: ¯ = ∑ =. Interpretacja graficzn * The Gini values tell us the value of noises present in the data set*. In this case, the junior has 0 noise since we know all the junior will pass the test. On the other hand, the sophomore has the maximum noise.. 2) Gini Index. Gini Index combines the category noises together to get the feature noise.Gini Index is the weighted sum of Gini Impurity based on the corresponding fraction of the.

- File:GINIretouchedcolors.png. The Gini coefficient (also known as the Gini index or Gini ratio) is a measure of statistical dispersion developed by the Italian statistician and sociologist Corrado Gini and published in his 1912 paper Variability and Mutability (Template:Lang-it).. The Gini coefficient is a measure of the inequality of a distribution, a value of 0 expressing perfect equality.
- Gini index is the most commonly used measure of inequality. Also referred as Gini ratio or Gini coefficient. Gini index for binary variables is calculated in the example below
- Gini index is a CART algorithm which measures a distribution among affection of specific-field with the result of instance. It means, it can measure how much every mentioned specification is.
- Gini index for income distribution equality for U.S. households 1990-2019; Gini Index - countries with the biggest inequality in income distribution 201
- gini. A Gini coefficient calculator in Python. Overview. This is a function that calculates the Gini coefficient of a numpy array. Gini coefficients are often used to quantify income inequality, read more here.. The function in gini.py is based on the third equation from here, which defines the Gini coefficient as:. Example

Gini-koefficienten er et mål for graden af ulighed i en fordeling, ofte anvendt overfor en formue- eller indkomstfordeling.Koefficienten er et tal mellem 0 og 1. I en helt lige fordeling, hvor alle indkomstmodtagere har samme indkomst, er Gini-koefficienten 0.Jo mere ulige fordelingen er, jo større vil Gini-koefficienten være A Gini-index egy közgazdasági mérőszám, ami a statisztikai eloszlások egyenlőtlenségeit méri. Leginkább a jövedelem és a vagyon eloszlásának mérésére használják. Corrado Gini olasz közgazdász vezette be.. A Gini-index bármely értéket felvehet 0 és 1 között; sokszor azonban százalékos skálára számítják át Gini index是指吉尼系数，英文名称Gini coefficient，或译基尼指数，是20世纪初意大利学者吉尼根据劳伦茨曲线所定义的判断收入分配公平程度的指标。是比例数值，在0和1之间。吉尼指数（Gini index）是指吉尼系数乘100倍作百分比表示 A lower Gini coefficient tends to indicate a higher level of social and economic equality. Rank Country Gini index Richest 10% to poorest 10% Richest 20% to poorest 20% Survey year 1 Azerbaijan 19 3.3 2.6 2002 2 Denmark 24.7 8.1 4.3 1997 3 Japan 24.9 4.5 3.4 1993 4 Sweden 25 6.2 4 2000 5 Czech Republic 25.4 5.2 3.5 199

Gini index ranges from near 0, which would indicate perfect equality and 100 -perfect inequality. The estimates exclude Borno state. Other statistics on the topic. Demographics of Nigeria Better Life Index - Edition 2013. Better Life Index - Edition 2014. Better Life Index - Edition 2015. Better Life Index - Edition 2016. Better Life Index - Edition 2017. Economic Outlook. Gross domestic product (annual) Gross domestic product (quarterly) Composite Leading Indicators There are lies, damned lies and Gini index statistics. A single statistical measure invented in 1912 cannot hope to capture the nature of inequality in an entire country in 2019

- Distribution of family income - Gini index measures the degree of inequality in the distribution of family income in a country. The more nearly equal a country's income distribution, the lower its Gini index, e.g., a Scandinavian country with an index of 25
- Perfectly classified, Gini Index would be zero. Evenly distributed would be 1 - (1/# Classes). You want a variable split that has a low Gini Index. The algorithm works as 1 - ( P(class1)^2 + P(class2)^2 + + P(classN)^2) The Gini index is used in the classic CART algorithm and is very easy to calculate
- The Gini index is estimated by taking into account the estimated within-class income inequality (the Gini 2 in the original paper). The publication is G. S. Holmes (1977) - Gregory King and the Social Structure of Pre-Industrial England

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 Gini Coefficient. The Gini coefficient (or Gini ratio) is a summary statistic of the Lorenz curve and a measure of inequality in a population. The Gini coefficient is most easily calculated from unordered size data as the relative mean difference, i.e., the mean of the difference between every possible pair of individuals, divided by the mean siz World Development Indicators (WDI) is the primary World Bank collection of development indicators, compiled from officially recognized international sources. It presents the most current and accurate global development data available, and includes national, regional and global estimates. [Note: Even though Global Development Finance (GDF) is no longer listed in the WDI database name, all. English: Gini indices of selected countries are from publicly available data from the World Bank, Nationmaster, and the US Census Bureau. The Gini index is the Gini coefficient expressed as a percentage, and is equal to the Gini coefficient multiplied by 100. The Gini coefficient is a measure of statistical dispersion most prominently used as a measure of inequality of income distribution or.

More than a century ago, Corrado Gini proposed his well-known concentration index for measuring the degree of inequality in the distribution of income and wealth Ginikoefficient är en ekonomiskt måttenhet på ojämlikheten, till exempel i inkomstfördelning, hos en befolkning. Ginikoefficienter används för att jämföra inkomstspridningen mellan olika länder. Måttet bygger på Lorenzkurvan och visar hur inkomsterna är fördelade i en viss population. Ginikoefficienten har ett värde mellan noll (0) och hundra procent (1). 0 innebär att alla. Stikkord Arkiv: Gini index HDI, HPI og Gini indeksen. 13.05.2013. HDI Human Development Index er en rankingliste over land der det er best å bo i som FN årlig lager. Det er en levekårsindikator som skal si noe om hvor godt det er å bo i et land The Gini Index or Gini Coefficient is a way of comparing income equality between countries. It is a standard economic measure of a country's income distribution which is based on the Lorenz Curve. Less commonly, people also use it to measure wealth or consumption expenditure distribution ** Gini Index: It is calculated by subtracting the sum of squared probabilities of each class from one**. It favors larger partitions and easy to implement whereas information gain favors smaller partitions with distinct values. A feature with a lower Gini index is chosen for a split

Uttaleguide: Lær hvordan Gini index uttales på Engelsk med innfødt uttale. Gini index Engelsk oversettelse ** Higher Gini Gain = Better Split**. For example, it's easy to verify that the Gini Gain of the perfect split on our dataset is 0.5 > 0.333 0.5 > 0.333 0. 5 > 0. 3 3 3. Recap. Gini Impurity is the probability of incorrectly classifying a randomly chosen element in the dataset if it were randomly labeled according to the class distribution in th

The GINI index, also known as the GINI coefficient, is a measure of income inequality. It represents the spread between low and high-income earners, with possible values ranging from zero to 100. A GINI index of zero indicates perfect income equality, while a GINI index of 100 would imply perfect income inequality, where one individual earned 100% of all income The Gini Index, or Gini coefficient, is a statistical measure of distribution that is often used to track economic inequality.It measures how wealth is distributed in a given population. The output is a value between 0 and 1. In Boston and throughout the country, Gini Index is a major focus of the American Community Survey (ACS), conducted each year by the U.S. Census Bureau

- The Gini Index, or Gini coefficient, is a statistical measure of distribution that is often used to track economic inequality.It measures how wealth is distributed in a given population. The output is a value between 0 and 1. In Colorado and throughout the country, Gini Index is a major focus of the American Community Survey (ACS), conducted each year by the U.S. Census Bureau
- The Gini coefficient (also known as the Gini index or Gini ratio) is a measure of differences in income.It was developed by the Italian statistician Corrado Gini in 1912.. Definition. The Gini coefficient is usually a number between 0 and 1 (or 0 to 100). 0 means a country where the income is equally distributed
- The Industry Gini Index is based on the Gini Coefficient, a commonly-used measure of inequality across a group. Published in 1912 by Corrado Gini, the Gini Coefficient is best known for uses in economic studies that measure income inequality within nations, and the underlying mechanics make it applicable across types of data
- The Gini coefficient (Gini index or Gini ratio) is a statistical measure of economic inequality in a population. The coefficient measures the dispersion of income Remuneration Remuneration is any type of compensation or payment that an individual or employee receives as payment for their services or the work that they do for an organization or company
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- Gini Coefficient - Measures the extent to which the distribution of income within a country deviates from a perfectly equal distribution. A coeffic..

** Gini Index of Money Income and Equivalence-Adjusted Income: 1967 to 2014 [<1**.0 MB] Source and References U.S. Census Bureau, Current Population Survey, 1968 to 2015 Annual Social and Economic Supplements Ask Gini: How to Measure Inequality. Articles, studies and U.S. Census data focusing on wealth inequality rely on the Gini coefficient. How is it calculated, and what does it tell us Gini - guaranteed the best extraction of information from documents in real-time. Our self-learning artificial intelligence is already in use by millions of end customers, whether it's as Semantic-As-A-Service or as a cornerstone of our Gini applications

Create your family tree and invite relatives to share. Search 200 million profiles and discover new ancestors. Share photos, videos and more at Geni.com In the World Bank data, the index ranges between 0 and 100: A country with a totally flat income distribution, in which every person received the same income, would have a Gini index of 0; a.

The Gini coefficient is described in a recent 'The Economist' article as an aggregation of the gaps between people's incomes into a single measure. Thus, if everyone in a group (or for that matter in a country) has the same income, the coefficient will be 0. If all the income goes to one person and none to the rest, the co-efficient will. * You can do anything pretty easily with R, for instance, calculate concentration indexes such as the Gini index or display the Lorenz curve (dedicated to my students)*.. Although I did not explain it during my lectures, calculating a Gini index or displaying the Lorenz curve can be done very easily with R.All you have to do is to figure out which of the billions packages available on CRAN (ok.

The Gini coefficient measures the extent to which the distribution of income within a country deviates from a perfectly equal distribution. A coefficient of 0 expresses perfect equality where everyone has the same income, while a coefficient of 100 expresses full inequality where only one person has all the income NOTE: The information regarding Distribution of family income - Gini index on this page is re-published from the CIA World Factbook 2018. No claims are made regarding the accuracy of Distribution of family income - Gini index information contained here 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 Gini index or Gini coefficient is an economic measure of inequality in income distribution. On a scale of 0 to 1, the lower the Gini coefficient, the more evenly distributed the wealth. The coefficient is named after its inventor, the Italian statistician Corrado Gini ** United Nations Development Programme**. Human Development Reports. Home; Towards HDR 2020; HDR 2019; Data; Country Profiles; Blog; News; Publications; Abou

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. Similar to GII, a value of 0 represents perfect equality, while an **index** of 100 implies perfect inequality The index is the ratio of (a) the area between a country's Lorenz curve and the 45 degree helping line to (b) the entire triangular area under the 45 degree line. The more nearly equal a country's income distribution, the closer its Lorenz curve to the 45 degree line and the lower its Gini index, e.g., a Scandinavian country with an index of 25 Value & Rank The GINI index of Afghanistan is 27.8 with a global rank of 143. Afghanistan compared to other Countries The GINI index of Afghanistan is similar to that of Austria, Kazakhstan, Montenegro, Germany, Bulgaria, Romania, Finland, Belarus, Slovak Republic, Czech Republic with a respective GINI index of 29.2, 29.0, 28.6, 28.3, 28.2,. The bias corrected Gini coefficient goes from 0 to 1. The small sample variance properties of the Gini coefficient are not known, and large sample approximations to the variance of the coefficient are poor (Mills and Zandvakili, 1997; Glasser, 1962; Dixon et al., 1987), therefore confidence intervals are calculated via bootstrap re-sampling methods (Efron and Tibshirani, 1997)

- Today, the Gini coefficient is still one the most widely used tool to chart the economic gap within a country's wealthiest and poorest citizens. The World Economic Forum (WEF) gathered data from the World Bank, the Organisation for Economic Co-operation and Development and other sources, and along with other indicators to create the Inclusive Development Index 2018 , a snapshot of the gap.
- Gini Index. Gini Index: translation. A measurement of the income distribution of a country's residents. This number, which ranges between 0 and 1 and is based on residents' net income, helps define the gap between the rich and the poor, with 0 representing perfect equality and 1 representing perfect inequality
- Gini index as used in economics (though this was not the question) is most analogous to Gini coefficient as used in machine learning, because it depends on pairwise comparisons. AUC may be interpreted as the probability a positive instance is deemed more likely to be positive than a negative instance, and Gini coefficient = 2 x AUC - 1
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- In economics, it is common to read in newspaper about gini coefficient (Gini was taken from Italian sociologist who introduce this method). Often it is used by the government to report the economic condition of a country. It also sometimes cited by economic obsersver, researcher or someone in twitter to look more credible and smar
- The Gini index shows us how much space exists between the Lorenz curve for your country and the Lorenz curve of a perfectly equal country. Let's look at three Lorenz curves, to understand that better: If we hover over the area that represents Mexico, we can learn that the 20% poorest Mexicans earn 5% of the national income
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** To understand the relationship between the Gini index and the Lorenz curve we must first know these two concepts**. To see the relationship between these two concepts, let's define them first: Gini index:It is a measure of inequality in income distribution. Lorenz Curve:It is a graphical representation of inequality in income distribution From the above, we can conclude that the Lorenz curve. Gini index for measuring relative inequality (or relative variation) of the data Gini_1912lawstat. NA s from the data are omitted Index. By TNW. Log in Register Gini 1449. Gini E-Commerce Gini macht Papierkram magisch einfach. SaaS Lösung zur Extraktion von Inhalten aus Dokumenten wie Rechnungen, Belegen, Briefen, Verträgen & Angeboten! Suggest edits Founded. 2011 Raised. $2M. Gini indeksen. Gini indeksen sier noe om hvor lik fordeling det er mellom husholdningene, økonomisk sett. Det er et tall mellom 0 og 1, hvor 0 er helt gjenvn fordeling og 1 er helt ujevn fordeling. Den sier dermed ikke noe om hvor god økonomi et land har, men heller hvor fordelt økonomien er NOTE: The information regarding Distribution of family income - Gini index on this page is re-published from the CIA World Factbook 2019. No claims are made regarding the accuracy of Distribution of family income - Gini index information contained here

The Gini Index is at best a partial indicator, and other measures will be needed to complete the picture of how levels of economic welfare are evolving in a society. It should be noted that there are several comparability problems across countries in the use of data from household surveys Definition. For the purpose of measuring name, sector or geographic concentration, the Gini Index (also Gini coefficient) is an index defined in terms of the Lorentz curve of the exposures.. Details. More precisely, if we have n exposures summing up to a total exposure of . and the fractional exposures are defined as . Then the Gini index is defined as the area under the Lorenz curve which is.

Human Development Index, HDI, eller Indeks for menneskelig utvikling, er en indeks som måler forventet levealder, skolegang og inntektsnivå i 187 land. Indikatorene brukes til å rangere landets levestandard og sosiale utvikling. Metoden ble utviklet av den pakistanske økonomen Mahbub ul Haq (1934-98) og den indiske økonomen Amartya Sen Gini index: A measure of inequality of income in an economy, named after Italian statistician Corrado Gini. This numerical value between 0.0 (perfect income equality) and 1.0 (perfect inequality) tracks the extent to which a society's wealth is concentrated among a subset of the populace. Also called the Gini coefficient or index of concentration Norwegian Translation for Gini index - dict.cc English-Norwegian Dictionar US States By Gini Coefficient. Gini Coefficient measures the inequality of wealth distribution or income inequality in a particular area. While a perfect scenario would be that of equality in income distribution, this is not normally the case in most of the areas around the world

What is the Gini Coefficient? The Gini coefficient is a commonly-used measure of income inequality that condenses the entire income distribution for a country into a single number between 0 and 1: the higher the number, the greater the degree of income inequality