Korea Gini Coefficient (GINI Index): World Bank Estimate

Korea Gini Coefficient (GINI Index): World Bank Estimate data was reported at 31.600 % in 2012. This records a decrease from the previous number of 32.000 % for 2010. Korea Gini Coefficient (GINI Index): World Bank Estimate data is updated yearly, averaging 31.850 % from Dec 2006 (Median) to 2012, with 4 observations. The data reached an all-time high of 32.300 % in 2008 and a record low of 31.600 % in 2012. Korea Gini Coefficient (GINI Index): World Bank Estimate data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s South Korea – Table KR.World Bank.WDI: Poverty. 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.; ; 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.worldbank.org/PovcalNet/index.htm).; ; The World Bank’s internationally comparable poverty monitoring database now draws on income or detailed consumption data from more than one thousand six hundred household surveys across 164 countries in six regions and 25 other high income countries (industrialized economies). While income distribution data are published for all countries with data available, poverty data are published for low- and middle-income countries and countries eligible to receive loans from the World Bank (such as Chile) and recently graduated countries (such as Estonia) only. See PovcalNet (http://iresearch.worldbank.org/PovcalNet/WhatIsNew.aspx) for definitions of geographical regions and industrialized countries.

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What was South Korea's Korea Gini Coefficient (GINI Index): World Bank Estimate in 2012?

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