#YouAsked Economy What was South Africa’s gini coefficient in 2020? Source The World Bank: Inequality in Southern Africa: An Assessment of the Southern African Customs Union Short answer What was South Africa’s gini coefficient in 2020? The Gini coefficient is a globally used measure of inequality, between individuals or households within an economy. The coefficient ranges from 0 to 1, with 0 representing perfect equality (all individuals have the same income) and 1 representing perfect inequality (where one person has all the inco... Back Full answer
#YouAsked Economy What is South Africa’s Gini coefficient? Source The World Bank: Inequality in Southern Africa: An Assessment of the Southern African Customs Union Short answer What is South Africa’s Gini coefficient? The Gini coefficient is a globally used measure of inequality, among individuals or households within an economy. The coefficient ranges from 0 to 1, where 0 represents perfect equality (all individuals have the same income) and 1 indicates perfect inequality (where one person has all the income and... Back Full answer