Cyprus

Gini Income Inequality Index

31.2
Source: IMF

Global Ranking

124
Lebanon31.8
125
Germany31.7
126
Pakistan31.6
127
Egypt31.5
129
Cyprus31.2
130
Malta31
131
Estonia30.8
131
Albania30.8
133
Fiji30.7

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Definition of Gini Income Inequality 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.

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