Ecuador - GINI index

45.50 (%) in 2022

In 2022, GINI index for Ecuador was 45.5 %. Though Ecuador GINI index fluctuated substantially in recent years, it tended to decrease through 2003 - 2022 period ending at 45.5 % in 2022.

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What is GINI index?

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 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.

What is Ecuador GINI index?