Latvia: Gini index
In , Latvia's Gini index was 34.00.
That's up 0.9% from 2022, the highest value since .
The global average for this indicator in 2023 was 39.63 .
Source: World Bank Open Data (SI.POV.GINI) • Data as of 2023
Trend (2006–2023)
Highlights
- Peak
- 37.50
- Trough
- 33.70
- 1-year change
- +0.9%
- 5-year change
- -3.1%
- -0.6% / yr
- 10-year change
- -4.2%
- -0.4% / yr
Historical Data — Last 10 Years
| Year | Gini index |
|---|---|
| 34.0000 | |
| 33.7000 | |
| 34.3000 | |
| 35.7000 | |
| 34.5000 | |
| 35.1000 | |
| 35.6000 | |
| 34.3000 | |
| 34.2000 | |
| 35.1000 |
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 Latvia's Gini index in 2023?
- In 2023, Latvia's Gini index was 34.00, according to World Bank Open Data.
- Is Latvia's Gini index rising or falling?
- Latvia's Gini index rose 0.9% from 2022 to 2023.
- How does Latvia's Gini index compare to the world average?
- The global average for Gini index in 2023 was 39.63, so Latvia 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.