Income Inequality In Zambia

This shows that income is very unevenly distributed in zambia.

Income inequality in zambia. Limited financial inclusion worsens income inequality. Gini index measures the extent to which the distribution of income or consumption expenditure among individuals or households within an economy deviates from a perfectly equal distribution. Open access high quality wealth and income inequality data developed by an international academic consortium. Zambia the source for global inequality data.

Zambia has experienced sustained economic growth in its recent history but has had mixed experience with reducing poverty and inequality. Angola and malawi show losses due to inequality of 31 8 28 7percent and percent respectively. Overall southern africa is the most unequal part of africa figures 3 and 4. The gini coefficient for zambia in 2006 was 0 60 a decline from 0 61 percent in 1996.

Inequality in income distribution is one of the factors that determine inequality in the levels of household expenditure and access to goods and services. Income inequality refers to the extent to which income is distributed in an uneven manner among a population. Zambia gini index was 49 5 in 2018 down by 0 00 from the previous year. This project sought to understand the precise relationship between growth inequality and poverty in the country growth has been the main contributor to a decline in headcount poverty rates in zambia but inequality has slowed.

Namibia comoros south africa angola botswana lesotho and swaziland count among the continent s top ten most unequal countries and the. Income disparities are so pronounced that america s top 10 percent now average more than nine times as much income as the bottom 90 percent according to data analyzed by uc berkeley economist emmanuel saez. 5 zambia s hdi for 2018 is 0 591 however when the value is discounted for inequality the hdi falls to 0 394 a loss of 33 4 percent due to inequality in the distribution of the hdi dimension indices. Available figures as at 2008 showed zambia s gini coefficient standing at 0 67 indicates a very unequal income distribution and is high as compared with other middle income economies in the sub region such as botswana 0 5 in 2008 and south africa 0 531 in 2009.

4 2 4 variations in income inequality in africa. The average loss due to. This paper aims to understand why inequality in zambia has remained largely unchanged income despite rapid economic growth. We investigate the key drivers of inequality between 1996 income and 2015 and the extent to which these drivers have changed over time.