Abstract
The Gini index, a measure of income inequality, has shown fluctuating trends globally. Panama, with the highest Gini score of 48.9 in 2023, highlights persistent inequality, particularly in Latin America, where many countries experience high disparities. Over the past decades, Panama’s Gini index has remained elevated, reflecting uneven wealth distribution despite economic growth. Latin American nations like Brazil and Colombia have similarly high indices. Efforts to reduce inequality focus on social programs, but challenges remain due to structural economic issues and regional disparities.
Gini index
The Gini index for wholesale prices reflects economic inequalities and price fluctuations over time. Brazil’s peak of 63.3 in 1989 highlighted severe inflation and economic instability, marked by hyperinflation and currency devaluation. Since then, Brazil’s index has steadily decreased, reaching 82.1% of its peak in recent years, signaling moderate improvements in price stability and reduced inflationary pressures. Globally, many nations have faced similar challenges, with periods of high inflation in the 1980s followed by efforts in the 1990s and 2000s to stabilize economies through reforms and fiscal policies.
The maximum is the latest one, 4.01k of Venezuela
Gini index (nations around the world)
Brazil’s Gini index peaked at 63.3 in 1989, reflecting extreme income inequality driven by hyperinflation and economic instability. Since then, the index has decreased, and as of 2023, Brazil stands at 82.1% of its peak, showing gradual improvement in income distribution. Globally, many countries experienced similar inequality trends during the 1980s due to economic crises. Over time, progressive social policies, economic reforms, and poverty reduction programs have helped reduce disparities, although challenges remain in addressing wealth concentration, particularly in emerging economies like Brazil.
The maximum is the latest one, 4.01k of Venezuela
Gini index (worldwide, latest year)
In 2023, Panama recorded the highest Gini index at 48.9, indicating significant income inequality, well above the global average of 43.6. This reflects ongoing disparities despite Panama’s economic growth in recent years. Latin America, where Panama is located, tends to have some of the highest Gini indices due to factors like unequal wealth distribution, limited access to education, and economic structures favoring the wealthy. Globally, inequality has fluctuated, with many countries seeing rising inequality in the 1980s and 1990s, though recent efforts in social policies and economic reforms aim to address these disparities.
The maximum is 715 of Angola, the average is 294, and the total is 1.18k
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