Serbia - GINI index

GINI index (World Bank estimate)

The value for GINI index (World Bank estimate) in Serbia was 29.65 as of 2010. As the graph below shows, over the past 8 years this indicator reached a maximum value of 33.43 in 2005 and a minimum value of 28.18 in 2008.

Definition: 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.

Source: World Bank, Development Research Group. Data are based on primary household survey data obtained from government statistical agencies and World Bank country departments. For more information and methodology, please see PovcalNet (http://iresearch.worldbank.org/PovcalNet/index.htm).

See also:

Year Value
2002 32.74
2003 32.83
2004 32.98
2005 33.43
2006 29.67
2007 29.43
2008 28.18
2009 28.67
2010 29.65

Classification

Topic: Poverty Indicators

Sub-Topic: Income distribution