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Iceland - GINI index

27.80 (points) in 2014

In 2014, GINI index for Iceland was 27.8 points. Though Iceland GINI index fluctuated substantially in recent years, it tended to decrease through 2005 - 2014 period ending at 27.8 points in 2014.

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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 Iceland GINI index?

Date Value Change, %
2014 27.80 9.45 %
2013 25.40 -5.22 %
2012 26.80 0.00 %
2011 26.80 2.29 %
2010 26.20 -8.71 %
2009 28.70 -9.75 %
2008 31.80 7.80 %
2007 29.50 -2.32 %
2006 30.20 4.14 %
2005 29.00 3.57 %
2004 28.00 4.48 %
2003 26.80