Guinea - GINI index

29.60 (%) in 2018

In 2018, GINI index for Guinea was 29.6 %. GINI index of Guinea fell gradually from 46.1 % in 1994 to 29.6 % in 2018.

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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 Guinea GINI index?