Saturday, December 7, 2013

Income Inequality has Skyrocketed in South Africa since End of Apartheid


Graph of South Africa: GINI index

Retrieved
3 months ago
Frequencyannual
SourceWorld Bank
Raw Datahttp://api.worldbank.org/countries/ZAF/indicators/SI.POV.GINI?per_page=1000
Quandl CodeWORLDBANK/ZAF_SI_POV_GINI
Description
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.
GINI index


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