Latvia - GINI index

GINI index (World Bank estimate)

The value for GINI index (World Bank estimate) in Latvia was 34.50 as of 2019. As the graph below shows, over the past 15 years this indicator reached a maximum value of 39.00 in 2005 and a minimum value of 34.20 in 2015.

Definition: Gini index measures the extent to which the distribution of income (or, in some cases, 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.

Source: World Bank, Development Research Group. Data are based on primary household survey data obtained from government statistical agencies and World Bank country departments. For more information and methodology, please see PovcalNet (http://iresearch.worldban

See also:

2004
2006
2008
2010
2012
2014
2016
2018
2020
0.00
10.00
20.00
30.00
40.00
50.00
Year Value
2004 36.40
2005 39.00
2006 35.60
2007 37.50
2008 37.20
2009 36.00
2010 35.00
2011 35.80
2012 35.20
2013 35.50
2014 35.10
2015 34.20
2016 34.30
2017 35.60
2018 35.10
2019 34.50

Classification

Topic: Poverty Indicators

Sub-Topic: Income distribution