Gini index in Venezuela
Venezuela: Gini index was 44.7 in 2006. ▼ Falling
Gini index in Venezuela, 1981–2006
Source: World Bank, Poverty and Inequality Platform. Data are based on primary household survey data obtained from government statistical agencies and World Bank country departments. Data for high-income econ.
Analysis
The most recent figure for gini index in Venezuela is 44.7, measured in 2006.
The figure is down 9.3% on the previous year and down 5.3% over ten years.
Over the whole period, gini index in Venezuela peaked at 55.6 in 1981 and was at its lowest, 42.1, in 1992.
Venezuela ranks 13th of 121 countries on this measure, in the top 10%.
The long-run direction has been consistently falling across the 13 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 50.93 | 43.8 | 55.6 | 3 |
| 1990s | 46.25 | 42.1 | 48 | 4 |
| 2000s | 47.55 | 44.7 | 49.3 | 6 |
Countries ranked near Venezuela
More poverty & inequality data for Venezuela
- Poverty headcount ratio at $8.30 a day (2021 PPP) 43.3% (2006)
- Poverty headcount ratio at $4.20 a day (2021 PPP) 16.4% (2006)
- Poverty gap at $3.00 a day (2021 PPP) 4.6% (2006)
- Poverty headcount ratio at $3.00 a day (2021 PPP) 9.7% (2006)
- Prosperity gap 6.5 average shortfall from a prosperity standard of $28/day (2006)
- Poverty gap at $8.30 a day (2021 PPP) 18.4% (2006)
- Poverty headcount ratio at societal poverty line 28.6% (2006)
- Poverty gap at $4.20 a day (2021 PPP) 7.0% (2006)
- Population living in slums 25.7% (2022)
- Income share held by second 20% 9.6% (2006)
Frequently asked questions
- What is gini index in Venezuela?
- Gini index in Venezuela was 44.7 in 2006, according to World Bank, Poverty and Inequality Platform. Data are based on primary household survey data obtained from government statistical agencies and World Bank country departments. Data for high-income econ.
- What is the highest gini index recorded in Venezuela?
- The highest recorded value was 55.6 in 1981.
- What is the lowest gini index recorded in Venezuela?
- The lowest recorded value was 42.1 in 1992.
- How does Venezuela rank for gini index?
- Venezuela ranks 13th out of 121 countries with data for 2006.
- Is gini index rising or falling in Venezuela?
- Over the last ten years it is down 5.3%. The long-run trend across the full record is falling.
- Where does this Venezuela data come from?
- The figures come from World Bank, Poverty and Inequality Platform. Data are based on primary household survey data obtained from government statistical agencies and World Bank country departments. Data for high-income econ, published as part of Gini index. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 13 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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.