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Republic of Korea - GINI index

31.60 (points) in 2012

In 2012, GINI index for Republic of Korea was 31.6 points. GINI index of Republic of Korea fell gradually from 31.7 points in 2006 to 31.6 points in 2012.

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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 Republic of Korea GINI index?

Date Value Change, %
2012 31.60 -1.25 %
2010 32.00 -0.93 %
2008 32.30 1.89 %
2006 31.70