Italy vs Latvia: Gini index
Gini index over time
- Italy
- Latvia
How they compare
Italy currently reports 34.3 against 34 in Latvia, a difference of 0.3.
The two have swapped places 6 times across 25 shared years of data; in 1993 it was Italy ahead.
Globally, Italy ranks 57th and Latvia ranks 59th of 121 countries.
Individual pages
About this data
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 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.