Iceland: Gini index
In , Iceland's Gini index was 26.80.
That's up 0.8% from 2018, the highest value since .
The global average for this indicator in 2019 was 39.63 .
Source: World Bank Open Data (SI.POV.GINI) • Data as of 2019
Trend (2006–2019)
Highlights
- Peak
- 31.80
- Trough
- 25.40
- 1-year change
- +0.8%
- 5-year change
- -3.6%
- -0.7% / yr
- 10-year change
- -6.6%
- -0.7% / yr
Historical Data — Last 10 Years
| Year | Gini index |
|---|---|
| 26.8000 | |
| 26.6000 | |
| 26.1000 | |
| 27.2000 | |
| 26.8000 | |
| 27.8000 | |
| 25.4000 | |
| 26.8000 | |
| 26.8000 | |
| 26.2000 |
About Gini index
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.
Indicator code: SI.POV.GINI • Category: Poverty & Inequality
Frequently asked questions
- What was Iceland's Gini index in 2019?
- In 2019, Iceland's Gini index was 26.80, according to World Bank Open Data.
- Is Iceland's Gini index rising or falling?
- Iceland's Gini index rose 0.8% from 2018 to 2019.
- How does Iceland's Gini index compare to the world average?
- The global average for Gini index in 2019 was 39.63, so Iceland is below the world average.
- What is Gini index and how is it measured?
- 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.
Source: World Bank Open Data (SI.POV.GINI), CC BY 4.0.