MLchartDataset catalogue

Gini Index

Term · Economic statistics · MLC-T-ECS-000815

The Gini index, or index of income concentration, is a statistical measure of income inequality ranging from 0 to 1. A measure of 1 indicates perfect inequality, i.e., one household having all the income and rest having none. A measure of 0 indicates perfect equality, i.e., all households having an equal share of income.

Table 1. Record
IdentifierMLC-T-ECS-000815
FieldEconomic statistics
ReferencesU.S. Census Bureau Glossary
Record as JSON 
{
  "id": "MLC-T-ECS-000815",
  "term": "Gini Index",
  "field": "Economic statistics",
  "definition": "The Gini index, or index of income concentration, is a statistical measure of income inequality ranging from 0 to 1. A measure of 1 indicates perfect inequality, i.e., one household having all the income and rest having none. A measure of 0 indicates perfect equality, i.e., all households having an equal share of income.",
  "references": [
    "U.S. Census Bureau Glossary"
  ],
  "url": "https://mlchart.com/terminology/economic-statistics/gini-index/"
}

Record 815 of 2,177 in Economic statistics terminology (MLC-0116). Request the full dataset.