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Economic inequality is the difference in how assets, wealth, or income are distributed among individuals and/or populations. It is also described as the gap between rich and poor, income inequality, wealth disparity, wealth and income differences, or the wealth gap. When it comes to the risk of poverty, all the Nordic countries are considered to be very equal societies. The risk of poverty is often measured as a percentage of the population with an income under 50 or 60 per cent of the median income. For more information:

Keywords:  poor, inequality, poverty, wealth gap, wealth, risk of poverty, rich, income, economic inequality

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Nordic Council of Ministers

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This indicator shows the income inequality in the Nordic region. The Gini coefficient is the most commonly used measure of inequality. It is based on the comparison of cumulative proportions of the population against cumulative proportions of income they receive. The Gini coefficient varies between 0, which reflects complete equality and 1, which indicates complete inequality (one person has all the income or consumption, all others have none). For more information:

Keywords:  income inequality, gini coefficient, income, inequality
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