Income Inequality European Countries

About 20 of citizens lived below the european poverty line in 1980 compared to 22 in 2017.

Income inequality european countries. But how do the eu countries rank by income equality. Country ranking by region nordic countries. This is a list of countries or dependencies by income inequality metrics including gini coefficients the gini coefficient is a number between 0 and 1 where 0 corresponds with perfect equality where everyone has the same income and 1 corresponds with perfect inequality where one person has all the income and everyone else has no income. On the basis of the same measure older people aged 65 years and over in the eu 27 experienced less income inequality than the whole population as their income quintile share ratio was 4 1 in 2018.

And p50 p10 of median income to the upper bound. In the eu member states on the basis of this measure czechia and slovenia had the lowest income inequality in 2017 3 4. Inequality in europe european investment bank page 5 of 45 income in southern eu countries relative to the rest of the eu has put this process at a halt. In general income inequality within the european union was lower among nordic countries while in bulgaria romania and lithuania the ratio peaked at more than 7 0.

Here s a guide to different ranking systems from wealth distribution to the world happiness report and which countries rate best and worst under each. As shown in table 1 market inequality in the eu measured by. S80 s20 is the ratio of the average income of the 20 richest to the 20 poorest. These were followed by three other member states with ratios below 4 0.

Nordic countries are among the most equal countries not only in europe but also in the world. Finland 3 5 slovakia 3 5 and belgium 3 8. The 10 of people with highest income to that of the first decile. Inequality isn t all about income.

The result of these somewhat contrasting trends is that overall inequality has not increased significantly darvas 2016. To get to europe wide inequality measured by the s80 s20 indicator one must order all residents of the eu about 500 million before brexit according to their income take the bottom and the top 100 million each a quintile and compare their respective total incomes. P90 p50 of the upper bound value of the ninth decile to the median income. The distribution of income was more often more equitable among older people.

Income inequality among the 28 european union countries has been falling and is much lower than other parts of the world. In 2017 the income quintile share ratio in the european union eu was 5 1.