The Gini Index score in Russia decreased by 1.7 (-4.51 percent) in 2020 in comparison to the previous year. As a result, the Gini Index score in Russia saw its lowest number in 2020 with 36. The Gini index (or Gini coefficient)is a tool used to measure wealth inequality within a group or society. Scores are generally given within a range of 0-100, and lower scores indicate more income equality in society.
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 Gini index of 0 represents perfect equality, while an index of 100 implies perfect inequality.
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World Bank. (May 30, 2024). Gini index score of Russia from 2004 to 2020 [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/872875/gini-index-score-of-russia/
World Bank. "Gini index score of Russia from 2004 to 2020." Chart. May 30, 2024. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/872875/gini-index-score-of-russia/
World Bank. (2024). Gini index score of Russia from 2004 to 2020. Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/872875/gini-index-score-of-russia/
World Bank. "Gini Index Score of Russia from 2004 to 2020." Statista, Statista Inc., 30 May 2024, https://www.statista.com/statistics/872875/gini-index-score-of-russia/
World Bank, Gini index score of Russia from 2004 to 2020 Statista, https://www.statista.com/statistics/872875/gini-index-score-of-russia/ (last visited July 22, 2024)
Gini index score of Russia from 2004 to 2020 [Graph], World Bank, May 30, 2024. [Online]. Available: https://www.statista.com/statistics/872875/gini-index-score-of-russia/