Gini Coefficient
- Levels: AS, A Level, IB
- Exam boards: AQA, Edexcel, OCR, IB, Eduqas, WJEC
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.
What do the values for the Gini coefficient mean?
- A value of 0 corresponds to the absence of inequality, so that, having adjusted for household size and composition, all individuals have the same household income.
- In contrast, a value of 1 corresponds to inequality in its most extreme form, with a single individual having all the income in the economy
- The latest value for the Gini Coefficient in the UK is 0.34
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Temporary Teacher of Mathematics
Frensham Heights School, Nr Farnham, Surrey
- Economics
- Study notes
- Poverty and inequality
- Gini coefficient
- Economic Inequality
- Income inequality
- Wealth inequality
- Gender inequality
- Inequality-adjusted Human Development Index (HDI)
- Lorenz Curve
- Joseph Stiglitz
Geoff Riley
Geoff Riley FRSA has been teaching Economics for thirty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD conferences in the UK and overseas.
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