Enter the area between the diagonal and Lorenz curve and the total area under the diagonal of equality to determine the Gini coefficient.
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Gini Coefficient Formula
The following formula is used to calculate a Gini coefficient.
G = A / (A+B)
- Where G is the Gini Coefficient
- A is the area between the diagonal and the Lorenz curve
- A+B is the whole area under the diagonal of equality
To calculate the Gini Coefficient, divide the area between the diagonal and the Lorenz curve by the whole area under the diagonal of equality.
Gini Coefficient Definition
A Gini coefficient is a measure of the statistical dispersion of income inequality in a region.
FAQ
What is a Gini coefficient?
A Gini coefficient is a measure of statistical dispersion intended to represent the income inequality in a region or country.
