Thursday, October 01, 2015

Fact of the Day (1)

Depending on the variable used to measure inequality, the time period, and the dataset, South Africa’s Gini coefficient ranges from about 0.660 to 0.696. The Gini coefficient is the measure of income inequality, ranging from 0 to 1. 0 is a perfectly equal society and a value of 1 represents a perfectly unequal society. 

This would make South Africa one of the most consistently unequal countries in the world.

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