Panama - GINI index

GINI index (World Bank estimate)

The value for GINI index (World Bank estimate) in Panama was 49.80 as of 2019. As the graph below shows, over the past 40 years this indicator reached a maximum value of 58.90 in 1989 and a minimum value of 48.70 in 1979.

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.worldban

See also:

Year Value
1979 48.70
1989 58.90
1991 58.20
1995 57.80
1997 58.20
1998 57.50
1999 56.50
2000 56.60
2001 56.70
2002 56.10
2003 55.70
2004 54.80
2005 53.80
2006 54.60
2007 52.70
2008 52.70
2009 51.80
2010 51.60
2011 51.30
2012 51.70
2013 51.50
2014 50.50
2015 50.80
2016 50.40
2017 49.90
2018 49.20
2019 49.80

Classification

Topic: Poverty Indicators

Sub-Topic: Income distribution