Denmark is a modern high-income and highly developed mixed economy, dominated by the service sector with 80% of all jobs; about 11% of employees work in manufacturing and 2% in agriculture. The nominal Gross National Income per capita was the ninth-highest in the world at $68,827 in 2023.
In economics, the Gini coefficient, also known as the Gini index or Gini ratio, is a measure of statistical dispersion intended to represent the income inequality, the wealth inequality, or the consumption inequality within a nation or a social group. It was developed by Italian statistician and sociologist Corrado Gini.
The economy of Slovakia is based upon Slovakia becoming an EU member state in 2004, and adopting the euro at the beginning of 2009. Its capital, Bratislava, is the largest financial centre in Slovakia. As of Q1 2018, the unemployment rate was 5.72%.
In economics, income distribution covers how a country's total GDP is distributed amongst its population. Economic theory and economic policy have long seen income and its distribution as a central concern. Unequal distribution of income causes economic inequality which is a concern in almost all countries around the world.
Income inequality metrics or income distribution metrics are used by social scientists to measure the distribution of income and economic inequality among the participants in a particular economy, such as that of a specific country or of the world in general. While different theories may try to explain how income inequality comes about, income inequality metrics simply provide a system of measurement used to determine the dispersion of incomes. The concept of inequality is distinct from poverty and fairness.
The distribution of wealth is a comparison of the wealth of various members or groups in a society. It shows one aspect of economic inequality or economic heterogeneity.
In economics, personal income refers to the total earnings of an individual from various sources such as wages, investment ventures, and other sources of income. It encompasses all the products and money received by an individual.
Income inequality has fluctuated considerably in the United States since measurements began around 1915, moving in an arc between peaks in the 1920s and 2000s, with a 30-year period of relatively lower inequality between 1950 and 1980.
Income in India discusses the financial state in India. With rising economic growth and India's income is also rising rapidly. As an overview, India's per capita net national income or NNI was around Rs. 98,374 in 2022-23. The per-capita income is a crude indicator of the prosperity of a country. In contrast, the gross national income at constant prices stood at over 128 trillion rupees. According to a 2021 report by the Pew Research Center, India has roughly 1.2 billion lower-income individuals, 66 million middle-income individuals, 16 million upper-middle-income individuals, and barely 2 million in the high-income group. According to The Economist, 78 million of India's population are considered middle class as of 2017, if defined using the cutoff of those making more than $10 per day, a standard used by the India's National Council of Applied Economic Research. According to the World Bank, 93% of India's population lived on less than $10 per day, and 99% lived on less than $20 per day in 2021.
Poverty in Canada refers to the state or condition in which a person or household lacks essential resources—financial or otherwise—to maintain a modest standard of living in their community.
Anthony F. Shorrocks is a British development economist.
China's current mainly market economy features a high degree of income inequality. According to the Asian Development Bank Institute, “before China implemented reform and opening-up policies in 1978, its income distribution pattern was characterized as egalitarian in all aspects.”
Income inequality in India refers to the unequal distribution of wealth and income among its citizens. According to the CIA World Factbook, the Gini coefficient of India, which is a measure of income distribution inequality, was 35.2 in 2011, ranking 95th out of 157. Wealth distribution is also uneven, with one report estimating that 54% of the country's wealth is controlled by millionaires, the second highest after Russia, as of November 2016. The richest 1% of Indians own 58% of wealth, while the richest 10% of Indians own 80% of the wealth. This trend has consistently increased, meaning the rich are getting richer much faster than the poor, widening the income gap. Inequality worsened since the establishment of income tax in 1922, overtaking the British Raj's record of the share of the top 1% in national income, which was 20.7% in 1939–40.
Poverty in New Zealand deals with the incidence of relative poverty in New Zealand and its measurement. Between 1982 and 2011, New Zealand's gross domestic product grew by 35%. Almost half of that increase went to a small group who were already the richest in the country. During this period, the average income of the top 10% of earners in New Zealand almost doubled going from $56,300 to $100,200. The average income of the poorest tenth increased by only 13% from $9,700 to $11,000. Figures from 2016 show that about 15% of the population lives in poverty, compared to 9% in the 1980s, and 22% in 2004.
Sweden enjoys a relatively low income inequality and a high standard of living. Unemployment as of 2017 was estimated to be 6.6% by the CIA World Fact Book, lower than in other European Union countries. The Nordic model of a social welfare society exemplified by Sweden and its near neighbours has often been considered a European success story compared internationally with the socioeconomic structures of other developed industrial nations. This model of state provided social welfare includes many unemployment benefits for the poor, and amply funded health, housing and social security provision. within essentially corruption free nations subscribing to principles of a measure of openness of information about government activity. The Income inequality in Sweden ranks low in the Gini coefficient, being 25.2 as of 2015 which is one of the lowest in the world, and ranking similarly to the other Nordic countries; although inequality has recently been on the rise and several central European countries now have a lower Gini coefficient than Sweden.
Andy Sumner is an inter-disciplinary development economist. He has published extensively on global poverty, inequality and economic development including ten books.
Wealth inequality in Latin America and the Caribbean refers to economic discrepancies among people of the region. A report release in 2013 by the UN Department of Economic and Social Affairs entitled Inequality Matters. Report of the World Social Situation, observed that: ‘Declines in the wage share have been attributed to the impact of labour-saving technological change and to a general weakening of labour market regulations and institutions. Such declines are likely to affect individuals in the middle and bottom of the income distribution disproportionately, since they rely mostly on labour income.’ In addition, the report noted that ‘highly-unequal land distribution has created social and political tensions and is a source of economic inefficiency, as small landholders frequently lack access to credit and other resources to increase productivity, while big owners may not have had enough incentive to do so.
![Global map of countries by high inequality (based on Gini index), 2022, according to Poverty and Inequality Platform (PIP)
.mw-parser-output figure[typeof="mw:File/Thumb"] .image-key>ol{margin-left:1.3em;margin-top:0}.mw-parser-output figure[typeof="mw:File/Thumb"] .image-key>ul{margin-top:0}.mw-parser-output figure[typeof="mw:File/Thumb"] .image-key li{page-break-inside:avoid;break-inside:avoid-column}@media(min-width:300px){.mw-parser-output figure[typeof="mw:File/Thumb"] .image-key,.mw-parser-output figure[typeof="mw:File/Thumb"] .image-key-wide{column-count:2}.mw-parser-output figure[typeof="mw:File/Thumb"] .image-key-narrow{column-count:1}}@media(min-width:450px){.mw-parser-output figure[typeof="mw:File/Thumb"] .image-key-wide{column-count:3}}
.mw-parser-output .plainlist ol,.mw-parser-output .plainlist ul{line-height:inherit;list-style:none;margin:0;padding:0}.mw-parser-output .plainlist ol li,.mw-parser-output .plainlist ul li{margin-bottom:0}
.mw-parser-output .legend{page-break-inside:avoid;break-inside:avoid-column}.mw-parser-output .legend-color{display:inline-block;min-width:1.25em;height:1.25em;line-height:1.25;margin:1px 0;text-align:center;border:1px solid black;background-color:transparent;color:black}.mw-parser-output .legend-text{}
<30
30-35
35-40
40-45
45-50
50+ Global map of high inequality countries, 2022.png](http://upload.wikimedia.org/wikipedia/commons/thumb/4/49/Global_map_of_high_inequality_countries%2C_2022.png/400px-Global_map_of_high_inequality_countries%2C_2022.png)
