Methodological datasheet: Gini personal income index

Identification

Description

Gini personal income index

Description and source 1 operation code.

Personal and Family Income Statistics 173402 (Basque Statistics Plan)

Responsable entity

Eustat

Availability

Year+2

Indicator description

Gini personal income index

Objectives

To discover the level of equality or inequality in income distribution among Basque Country inhabitants.

Sphere

Population:

Individuals resident in the Basque Country for 18 years or more

Geographical Sphere:

Basque Country

Time period:

Personal and family income Statistics reference years

Concepts and Definitions

In order to understand how income is distributed among inhabitants in a territory, as well as to discover the average income of each inhabitant, the level of equality or inequality in income distribution must be determined. Two highly utilised indicators in economic variable distributions are the Gini Concentration Index and the Lorenz Curve.

The Gini Index is used to compare inequality in income distribution in different territories and its value is between 0 and 1, as such that the closer to 1, the greater the income concentration and the closer to 0, the more equitable the wealth distribution.

Codes and nomenclatures

Not applicable

Quality

Not applicable

Further Information

Technical logbook: PERSONAL AND FAMILY INCOME: A NEW FOCUS ON ANALYSIS

International Statistics Seminar: Income and Wealth Distribution, Inequality and Poverty: Theory, Models and Applications