word
Gini Coefficient
JEE-nee koh-EF-ih-shunt
/ˈdʒiːniː koʊˈɛfɪʃənt/Listen
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Syllable breakdown
Ginicoefficient
Dictionary meaning
A statistical measure of income or wealth inequality within a population, ranging from 0 (perfect equality, where everyone has the same income) to 1 (or 100 on some scales) representing perfect inequality; named after Italian statistician Corrado Gini.
Examples
- South Africa has one of the highest Gini coefficients in the world, reflecting extreme income inequality.
- A rising Gini coefficient in many developed economies has sparked political debates about redistribution.
Synonyms: Gini index, Gini ratio, inequality coefficient
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