In 2015, GINI index for Latvia was 34.2 points. Though Latvia GINI index fluctuated substantially in recent years, it tended to increase through 1993 - 2015 period ending at 34.2 points in 2015.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.