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 income and the rest have none).
The most recent World Bank data is from 2018, when South Africa had a consumption per capita Gini coefficient of 0.67 (the net wealth Gini coefficient in South Africa is 0.76). Based on consumption (or income) per capita Gini coefficients, South Africa is the most unequal country in the world, ranking first out of 164 countries in the World Bank’s global poverty database.