Monthly Archives: February 2012

Income Inequality in Greece

As the political situation in Greece continues to deteriorate, we decided to take a look at the income distribution statistics we have for the country. Take a look at the graph we created based on World Bank numbers:


The graph shows the income share for each quintile of the population. The top 20% has a 41.49% share of income, while the bottom 20% has a 6.74% share.

Note that all income share numbers are from the year 2000. We have not been able to locate more recent data, although the CIA World Factbook publishes GINI index numbers which are more recent.

It will be interesting to see how the distribution of income in Greece changes once the effect of the current crisis is quantified.