Based on the degree of inequality in wealth distribution measured by the Gini coefficient, income inequality in Latin America and the Caribbean decreased significantly between 2002 and 2012, falling from a record of 52.8 index points to 47. However, from 2012 onwards the index stagnated above 46 points, which implies that inequality remains high in the region. In 2018, Brazil ranked as the Latin American country with the largest income inequality.
The Gini coefficient measures the deviation of the distribution of income among individuals or households in a given country from a perfectly equal distribution. A value of zero represents absolute equality, whereas 100 would be the highest possible degree of inequality.
Income distribution inequality based on Gini coefficient in Latin America and the Caribbean region from 1995 to 2018
The source adds: "Unweighted mean of the national Gini indices of the distribution of household per capita income. Data refer to all Latin American
countries except El Salvador and Guatemala."
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UNDP. (June 22, 2021). Income distribution inequality based on Gini coefficient in Latin America and the Caribbean region from 1995 to 2018 [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/1267706/income-distribution-gini-coefficient-latin-america-caribbean/
UNDP. "Income distribution inequality based on Gini coefficient in Latin America and the Caribbean region from 1995 to 2018." Chart. June 22, 2021. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/1267706/income-distribution-gini-coefficient-latin-america-caribbean/
UNDP. (2021). Income distribution inequality based on Gini coefficient in Latin America and the Caribbean region from 1995 to 2018. Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/1267706/income-distribution-gini-coefficient-latin-america-caribbean/
UNDP. "Income Distribution Inequality Based on Gini Coefficient in Latin America and The Caribbean Region from 1995 to 2018." Statista, Statista Inc., 22 Jun 2021, https://www.statista.com/statistics/1267706/income-distribution-gini-coefficient-latin-america-caribbean/
UNDP, Income distribution inequality based on Gini coefficient in Latin America and the Caribbean region from 1995 to 2018 Statista, https://www.statista.com/statistics/1267706/income-distribution-gini-coefficient-latin-america-caribbean/ (last visited November 21, 2024)
Income distribution inequality based on Gini coefficient in Latin America and the Caribbean region from 1995 to 2018 [Graph], UNDP, June 22, 2021. [Online]. Available: https://www.statista.com/statistics/1267706/income-distribution-gini-coefficient-latin-america-caribbean/
