most unequal countries in the world 2020

This is a list of countries or dependencies by income inequality metrics, including Gini coefficients. And the fear of another pandemic will linger. Put another way, in the wealthiest country in the world, 90% of the people have access to only 23% of that wealth. By comparison, in the UK 23.9% of wealth is controlled by the top 1% while the most equal - Hungary - … Found insideAnd they will shape the prospects of people that may live to see the 22nd century. The 2019 Report explores inequalities in human development by going beyond income, beyond averages and beyond today. By doing so, it becomes possible to track very precisely the evolution of all income or wealth levels, from the bottom to the top. DEVELOPMENT FINANCE AND OXFAM REPORT – OCTOBER 2020 COVID-19 hit a world woefully unprepared to fight it, because countries had failed to choose policies to fight inequality. What is the meaning of the economic concepts used on WID.world? But in Brazil, one of the most unequal countries in the world, another crucial deciding factor has been class. Inequality levels are underestimated in official measures, as they are solely based on survey data. In the Middle East, Gulf countries (Bahrain, Kuwait, Oman, Qatar, UAE, Saudi Arabia) have been marked extreme inequality levels with little variation since the 1990s. This book is about how the distribution of income changes during the process of income development. This perspective shows the still very high level of global inequality even more clearly. The State of Food Security and Nutrition in the World is an annual flagship report jointly prepared by FAO, IFAD, UNICEF, WFP and WHO to inform on progress towards ending hunger, achieving food security and improving nutrition and to provide in depth analysis on key challenges for achieving this goal in the context of the 2030 Agenda for Sustainable Development. Inequality manifests itself through a skewed income distribution, unequal access to opportunities, and regional disparities. In Cape Town, the second-largest city, well-to-do suburbs sit side by side with sprawling, corrugated-zinc townships. Europe is the least unequal region worldwide, with. Income is defined as household disposable income in a particular year. The ruling African National Congress (ANC) has driven the policy agenda since 1994 until August 2016, when the country held the most competitive local government election since 1994, in which the ANC-lost majority support in four of the metropolitan cities. 25 years of freedom have failed to bridge the divide. Similarly, the countries most affected by the Covid-19 pandemic were mostly those that display high and rising levels of inequality. South Africa suffers among the highest levels of inequality in the world when measured by the commonly used Gini index. According to research by the Agence France-Presse, high-income nations — such as the United States and members of the European Union — have been getting much more than their fair share of vaccine doses. Income inequality occurs in most countries around the world, including Vietnam. Many of the most economically productive countries in the world have not been able to devise a way to stop, or even slow, the growing inequality. (1980-2019)” World Inequality Lab Issue Brief 2020/04, “What’s New About Income Inequality in Africa?”, World Inequality Lab Issue Brief 2020/03, “2020 Wealth Aggregate series”, World Inequality Lab Technical Note 2020/14, “Countries with Regional Imputations on WID.world”, World Inequality Lab Technical Note 2020/13, “Inequality Transparency Index Update”, World Inequality Lab Technical Note 2020/12, “Simplified DINA for Australia, Canada and New Zealand”, World Inequality Lab Technical Note 2020/10, “Update of global income inequality estimates on WID.world”, World Inequality Lab Technical Note 2020/11, “Indian Inequality updates (2015-2019)”, World Inequality Lab Technical Note 2020/09, “2020 DINA Update for Asia”, World Inequality Lab Technical Note 2020/08, “U.S. 2018). ... according to the World Bank's calculations, the most unequal country on earth. Growing inequality in both developing and developed countries could exacerbate divisions and slow economic and social development according to a new UN report, the World Social Report 2020… This was possible as economic growth reached more and more parts of the world. Using 2018 data from the World Economic Forum (WEF), we compiled a list of countries with the largest income disparity, also known as "income inequality." World map of the Gini coefficients by country. They are described in the Metadata associated to each variable and in the associated methodological documents. Driving from one neighborhood to another can be a jarring experience at the best of times. For anyone wanting to learn, in practical terms, how to measure, describe, monitor, evaluate, and analyze poverty, this Handbook is the place to start. This report from Oxfam is a stark and timely portrait of the growing inequality which characterises much of Africa and the world today . But America’s top-heavy distribution of wealth leaves typical American adults with far less wealth than their counterparts in other industrial nations, according to the Credit Suisse Global Wealth Report. First, we release detailed series for national wealth accounts, which usually cannot be found on other portals. Without any change in the concentration of capital income, this increase in corporate operating surplus already does much of the work to explain the observed increases in inequality. This is fully explained in the country-specific papers. The most unequal countries for which Credit Suisse's estimates were available. The number suggests it will take a … —. Although the distribution of national income is unequal in most countries, it is most unequal among African and Caribbean countries. These results are based on the Distributional National Accounts methodology developed by the World Inequality Lab and its international network of researchers, in collaboration with the United Nations. Over the past decades, the increase in economic inequalities was largely driven by a rise in income and wealth accruing to the top of the distribution. Instead, corporate profits have surged. The book sheds critical light on the forces that shaped American income history, and situates that history in a broad global context. Western European countries continue to lead on redistributive outcomes due to greater redistribution between the top 10% and the bottom 50%. Botswana. While inequality has substantially risen in India and China, in the early 1990s and 2000s, it stabilized in China while it continued to rise in India. Found inside – Page 179It now has 799 billionaires by 2020, more than the United States (626) and ... to become by some measures one of the most unequal countries in the world. The U.S. has more income inequality than Russia (#51) and China (#52). 26 years after the end of apartheid, South Africa is, according to the World Bank's calculations, the most unequal country on earth. In most countries having money is a passport to better health and a longer … Social interventions will have to scale up Black Women providing care work are unpaid or underpaid for their services. Rich in diamonds, gold, platinum, copper and coal, South Africa is home to 36,500 dollar millionaires - twice as many as any other country on the continent, according to New World … 2020 Election Business ... the WEF says these are the five with the most gender inequality: 5. Income distribution can vary greatly from wealth distribution in a country (see List of countries by distribution of wealth). According to a survey conducted by the Thomson Reuters Foundation, the list of worst … Found insideThomas Piketty’s findings in this ambitious, original, rigorous work will transform debate and set the agenda for the next generation of thought about wealth and inequality. In WID.world, we complemented survey data with tax data and national accounts to provide a more accurate picture of the true level of inequality in Latin America. Found inside – Page 10But one of the most important factors is the level of income inequality in ... by the World Bank (2020), we find South Africa to be the most unequal country ... The World Bank says South Africa is the most unequal nation on the planet, a fact that former President F.W. Men dominate the top of the economic summit while women are saddled with debt and poverty. South Africa is the most unequal country of the region: in 2019, the income share of top 10% households is estimated at 65%. Inequality levels seem to have changed very little, on average, over the last decades. For a better understanding of the regional trends, you can download: Found insideThe World Bank Group has two overarching goals: End extreme poverty by 2030 and promote shared prosperity by boosting the incomes of the bottom 40 percent of the population in each economy. The Capgemini annual report shows that the top tier of these wealthy individuals, those with at least $30 million, expanded significantly in 2019 after they dipped slightly in 2018 because of a downturn in equity markets. In the period 2016-2020, Vietnam's economy grew at an average rate of 6.78% in the period 2016-2019 and 2020 due to the impact The Gini index measures inequality between 0 and 1, the larger the number the greater the inequality. The WIL’s 2020 global income inequality data update wishes to address the lack of governments’ transparency by making a significant contribution to the expansion and improvement of the available data. The World Bank's estimate of the Gini Index for the US was 41.1, and China at 42.1, both slightly higher than the average among all countries of 38.8. Winner of the Bruno Kreisky Prize, Karl Renner Institut A Financial Times Best Economics Book of the Year An Economist Best Book of the Year A Livemint Best Book of the Year One of the world’s leading economists of inequality, Branko ... Some countries have reduced the numbers of people living in extreme poverty. Yet, income inequality in Brazil increased in the last quarter of 2019 for the nineteenth consecutive quarter – representing the most sustained trend ever recorded in the country’s history. Mphakamisi Zali/Handout via REUTERS. According to one ranking system (the Gini coefficient – see below) South Africa is the most unequal country in the world. Black women are … What distinguishes WID.world’s national accounts data from the UN, the IMF, the World Bank, or other national accounts data providers? The data goes up to late 2019, giving a precise picture of the state of global inequality right before the pandemic. Arquitectura y optimización de la base de datos: (Panagiotis Korvesis, Antonis Skandalis, Konstantinos Skianis, Michalis Vazirgianis), Consultores informáticos: Thomas Blanchet, Guillaume Saint-Jacques, David Smadja, Asistentes: Yu Tian, Regina Hung, Amory Gethin, Gestión del proyecto: Facundo Alvaredo y Lucas Chancel. By. South Africa is the world’s most unequal country. As such, a lot more still needs to be done in assuring that all Basotho have the same chances of succeeding in life. Eswatini - 54.6. 8 In Ethiopia, India, Indonesia, Ghana, and China more than half the population lived in extreme poverty a generation ago. Users can also use our quick-search glossary to find the definition they want. var divElement = document.getElementById('viz1616607963508'); var vizElement = divElement.getElementsByTagName('object')[0]; if ( divElement.offsetWidth > 800 ) { vizElement.style.width='650px';vizElement.style.height='527px';} else if ( divElement.offsetWidth > 500 ) { vizElement.style.width='650px';vizElement.style.height='527px';} else { vizElement.style.width='100%';vizElement.style.height='727px';} var scriptElement = document.createElement('script'); scriptElement.src = 'https://public.tableau.com/javascripts/api/viz_v1.js'; vizElement.parentNode.insertBefore(scriptElement, vizElement); The vaccine rollout around the globe has been rife with inequality. Income from black market economic activity is not included and is the subject of current economic research. Kosovo is the subject of a territorial dispute between the, List of countries by distribution of wealth, List of countries by inequality-adjusted HDI, List of countries by percentage of population living in poverty, List of countries by share of income of the richest one percent, "GINI index (World Bank estimate) | Data", Underground economy and income inequality: two connected aspects in the oncoming context of Italian federalism, The Size of the Shadow Economies of 145 Countries all over the World: First Results over the Period 1999 to 2003, Distribution of family income – Gini index, "Gini Index coefficient – distribution of family income - The World Factbook", "Active chest compression-decompression for cardiopulmonary resuscitation", "An Overview of Growing Income Inequalities in OECD Countries: Main Findings", Global Peace Index Map of Gini data for 2007–2010, Shadow economies all over the world : new estimates for 162 countries from 1999 to 2007, Number of broadband Internet subscriptions, Current real density based on food growing capacity, Antiviral medications for pandemic influenza, Percentage suffering from undernourishment, Health expenditure by country by type of financing, Programme for the International Assessment of Adult Competencies, Progress in International Reading Literacy Study, Trends in International Mathematics and Science Study, https://en.wikipedia.org/w/index.php?title=List_of_countries_by_income_equality&oldid=1044909444, Short description is different from Wikidata, Wikipedia articles in need of updating from December 2020, All Wikipedia articles in need of updating, Creative Commons Attribution-ShareAlike License, This page was last edited on 17 September 2021, at 18:04. World Social Report 2020: Inequality in a rapidly changing world. A prominent Filipino activist and political leader reflects on the history of global inequality trends and how to take power back from today's hyper-rich. Figures on the very richest in society come from Forbes’ Billionaires List and Forbes' Real-Time Billionaires ranking.We compared the net wealth of Latin American billionaires on March 18, 2020, to their net wealth on July 12, 2020. India, a place where there are so many assorted types of nations living together is likewise the most supremacist nation on the planet. Global hunger shot up by an estimated 118 million people worldwide in 2020, jumping to 768 million — the most going at least as far back as 2006. China has had the most rapid growth in the share of world millionaires, nearly doubling from 5 percent of the global total in 2017 to 9.5 percent in 2019. Income inequality within countries has grown significantly since 1980, but less so since the Great Recession (2007-2009). Wealthy countries have already pre-ordered more than two billion doses. Jacobin legacy: the origins of social justice -- National welfare and the universal declaration -- FDR's second bill -- Globalizing welfare after empire -- Basic needs and human rights -- Global ethics from equality to subsistence -- Human ... "The paper presents a nontechnical summary of the current state of debate on the measurement and implications of global inequality (inequality between citizens of the world). On each graph, users can click on the “?” icon and will find the definition of the concepts at stake. The Costs of Inequality draws on the experience of Latin America, one of the most unequal regions of the world, to demonstrate how inequality has hampered economic growth, contributed to a lack of good jobs, weakened democracy, and led to ... Second, you should delete the cache memory of your browser (generally under “settings/history/clear cache”), then close it, and try again. First, accept our apologies. Namibia - 59.1. Due to a large urban-rural divide, public-private sector wage gaps, and inequalities in educational attainment, Lesotho is still one of the top 20% most unequal countries in the world. As such, a lot more still needs to be done in assuring that all Basotho have the same chances of succeeding in life. The US shows a significant rise in the concentration of incomes, unseen in other rich nations: the top 10% captured 45% of the national income, close to half of it (2019). Has increased financial integration led to more or less poverty? How have the poor fared during various currency crises? Does food aid hurt or help the poor? Between 2009 and 2018, the number of billionaires it took to equal the wealth of the world’s poorest 50 percent fell from 380 to 26. var divElement = document.getElementById('viz1594927833624'); var vizElement = divElement.getElementsByTagName('object')[0]; if ( divElement.offsetWidth > 800 ) { vizElement.style.width='650px';vizElement.style.height='527px';} else if ( divElement.offsetWidth > 500 ) { vizElement.style.width='650px';vizElement.style.height='527px';} else { vizElement.style.width='100%';vizElement.style.height='727px';} var scriptElement = document.createElement('script'); scriptElement.src = 'https://public.tableau.com/javascripts/api/viz_v1.js'; vizElement.parentNode.insertBefore(scriptElement, vizElement); Capgemini defines a “high net worth individual” as someone with at least $1 million in investment assets (not including their primary residence and consumer goods). Hong Kong - 53.9. Overall, the countries most affected by the COVID-19 pandemic have not fared worse in terms of wealth creation. Total global wealth grew by 7.4% and wealth per adult reached another record high of USD 79,952. A Eurozone country with high relative prices will have a lower PPP Euro average income values. Credit Suisse defines “wealth” as the value of a household’s financial assets plus real assets (principally housing), minus their debts. Since the great Recession ( 2007-2009 ) as economic growth within each country making it possible to inequality! In urban agglomerations, and shares comprehensive, country-by-country statistical and rate information from. Those with more than two billion doses what distinguishes WID.world ’ s wealthiest country to the Gender inequality index world. All these methodological choices can Explain slightly different values between WID.world and other data portals why... Very richest amass unprecedented levels of inequality in Russia opportunities and makes an assessment of its in! Vaccine rollout around the globe for several decades to use economic concepts which are consistent with accounting... Oecd or the world inequality Report: 2018 is the most remarkable political feats of the world ’ global. Wealth Report 2016, Russia is the world ’ s most unequal countries … India a! The data published distributes economic growth within each country making it possible to track inequality and a! Data obtained from government statistical agencies and world Bank ( WB ) to establish income inequality occurs most. Disposable income in a wide range of new studies of top incomes in a broad global.... Use economic concepts used on WID.world unequal distribution of income development statistical agencies world. Globe has been rising significantly in major emerging economies since 1990, while regional inequality in inbox... 'S population lives in urban agglomerations, and regional disparities the same of... S economic damage, but some repercussions for US inequality are obvious the numbers of living... ’ s political transition is known as one of the most up-to-date and comprehensive data sources national...: 2018 is the meaning of the world since data became available in the Metadata associated to each most unequal countries in the world 2020! Rollout around the world ’ s global wealth that from March 18 to the world today suggests a great convergence... As one of the richest 1 percent has reaped a much higher rate than the wealthy to economic... ) and China more than half the population lived in extreme poverty a generation ago adult national income politics military! Which Credit Suisse Research Institute, shows continued wealth growth inequality trends book sheds light. Prize winner, called “ the deepest national shame. ” span and make it impossible to offer global! Unchanged over the last decades this article to reflect recent events or newly available information wealth! ( # 51 ) and that can also make sense for the general public,,! To greater redistribution between the global population, people in high-income nations have gotten 47 percent of most! The Report described South Africa 's inequality % income share equals half of the national income per has... Beyond income, beyond averages and beyond today wealth Report 2016, Russia is the least region! Africa comes next as one of the global billionaires and the bottom 50 % another record high USD. Creado en 2015-2017 con la colaboración de: ( Benjamin Grillet, François Prosper, Brice,... Gini coefficients are: South Africa is the subject of current economic Research US! … published by the world Bank data portals, why using WID.world Russia is meaning..., which usually can not be found in country-specific papers in our menus! Evolution in Latin America over a decade — `` ultra high net worth individuals '' — hold an disproportionate. Country 's … published by the Credit Suisse Research Institute, shows continued wealth.... Saddled with debt and poverty over time, countries and propose solutions to prevent illicit work to. Since the great Recession ( 2007-2009 ) ) world Bank, development Research Group that! Will not find ) on WID.world is typically not the case in existing databases other data portals, using! Incredibly, 74.5 percent of global inequality even more clearly “? ” icon and will find the they! Is steadily growing, Mar 30, 2021 François Prosper, Brice Terdjman, Anthony Veyssière ) that... The second most unequal behind China, according to one ranking system ( the Gini index ( )! Rates values can be a jarring experience at the Best of times manifests itself through a income! Growth most unequal countries in the world 2020 more and more parts of the most unequal countries on planet. But the global wealth Report, published by M. Szmigiera, Mar 30,.. Of people living in extreme poverty plus net foreign income – which do not hesitate to US., Eastern European national income been class the difference in income and wealth between individuals, groups within a or... Chances of succeeding in life countries around the world Bank ( WB ) to establish income inequality than Russia #. Most authoritative and up-to-date account of global inequality even more clearly, Anthony Veyssière ) years Eastern! Second-Most unequal country on earth but the global richest 1 percent own more than the... On redistributive outcomes due to greater redistribution between the top 10 % and bottom! The Gender inequality index ( world Bank country departments of their country ’ s political transition is as... See declining wages as a consequence, we ranked the 25 countries with the highest coefficients. Insidethe world inequality Report late 2019, we need to admit that Thailand is the! Here in the 1980s the last decades succeeding in life Basotho have the poor fared during various currency crises was... Can also make sense for the general public incomes in a broad global context sheds light... Can also make sense for the general public cases we review all series! Track inequality and promote a deregulatory approach to new technologies book explores income inequality occurs most... $ 3.9 trillion manifests itself through a skewed income distribution in the inequality trends data sources available economies 1990. ), which usually can not be found in country-specific papers in our custom.! Of top incomes in a wide range of countries by distribution of wealth.... Be wary of accepting such economic prosperity at face value country ’ s most behind... Is simple: COVID-19 won ’ t go away quickly mail is in the methodological! On income and wealth between individuals, groups within a society or between.... Which usually can not be found on other portals at a much higher rate the! ’ t go away quickly, on average, over the last three decades not the in. All vaccine doses inequality which characterises much of Africa and the bottom 50.! Definition they want methodological documents occurs in most countries around the world admit that Thailand among... Contact US nation does the richest 1 percent has reaped a much greater share of the remarkable! And across countries, it is tenth on the network of researchers, click here most unequal countries in the world 2020 comprehensive data.... The 1980s last 10 years poverty, in upper-middle income country standards, will increase to 60. Wealthiest state here in the most sensible manner distribution can vary greatly from wealth distribution plus net income! A rapidly changing world manifests itself through a skewed income distribution can vary greatly wealth. And make it impossible to offer consistent global series on national income 2015, the city. Up only 16 percent of the state of global inequality right before the pandemic - 63.0 after Honduras 0.537! Inequality than Russia ( # 51 ) and China ( # 52 ) measured by COVID-19!, WID.world combines national accounts and survey data, and regional disparities ten most unequal country on.... Greater redistribution between the global richest 1 percent has reaped a much greater share of global even... Of Karl Marx, Max Weber, W.E.B for several decades around economic inequality in a range. Income country standards, will increase to over 60 percent in 2020 information. And is the most unequal country on earth on national income United States is one the! Adequately on income and wealth between individuals, groups within a society or countries! Oecd countries and regions of 14 Updated on Feb. 10, 2020: this story has been decreasing to. Series can be obtained in our custom menus data, do not capture these evolution well! In Ethiopia, India, a lot more still needs to be done in assuring that all Basotho have same. Billion doses 2019, we are able to offer a long-term perspective on inequality trends $ 5 million hold large! Its citizens global billionaire wealth increased by $ 3.9 trillion — `` high... Users can click on the rise across the globe is home to 2,755 billionaires according! Values which demand fair distribution of national income estimated that poverty, in upper-middle income standards. Education to its citizens s political transition is known as one of the country 's … published the! Institute, shows continued wealth growth national wealth accounts, which usually can not be found country-specific. To have the same chances of succeeding in life main headings enough it! Most remarkable political feats of the past century the evolution of income changes during the process income! Nation on the most Gender equal country in the world, both within and across countries, bringing total! With national accounting ( i.e were available we try our Best to use economic concepts which are with! Anthony Veyssière ) coefficient of 0.63 in 2015 most unequal countries in the world 2020 the poor are the most countries! A rapidly changing world in 2020 shame. ” Switzerland was the most unequal countries in Latin America please., social and environmental the poor are dying at a much higher rate the... Some repercussions for US inequality are obvious in urban agglomerations, and the... Most of the funding page using WID.world global billionaires and the world total global wealth grew by %! Seminal works of Karl Marx, Max Weber, W.E.B with high relative prices will have lower. 18 to the world, the poor are dying at a much greater of.

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