In 2012, GINI index for Lao People’s Democratic Republic was 36.4 points. Though Lao People’s Democratic Republic GINI index fluctuated substantially in recent years, it tended to increase through 1992 - 2012 period ending at 36.4 points in 2012.The description is composed by Yodatai, our digital data assistant. Have a question? Ask Yodatai ›
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.