The Gini coefficient is a measure of equality expressed as a value between 1 and 0. 0 represents perfect equality and 1 represents perfect inequality.

Therefore a rise in the Gini coefficient results in an increase in inequality.

65 (2005)

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Income inequality

Relationship between Lorenz curve and Gini coefficient is the more the Lorenz line curves away from the line of equality, the greater the degree of inequality represented.

The Gini coefficient is a measure of income inequality within a population, with a value of 0 indicating perfect equality and 1 indicating perfect inequality. It is commonly used by economists and policymakers to understand the distribution of income or wealth within a country. A higher Gini coefficient suggests a more unequal distribution of income.