Wealth inequality, a subject of contentious debate and concern globally, is the unequal distribution of financial assets among individuals within a country. A popular tool to measure wealth inequality is the Gini Index, where 0 reflects perfect equality, and 100 implies perfect inequality.
Although wealth can fuel innovation and economic growth, its concentrated accumulation often raises questions about fairness, social justice, and threatens political stability. The United States, one of the world’s largest economies, has a Gini Index of 41.4%, placing it on the higher end of the wealth inequality spectrum when compared to other developed nations.
Key findings from the data include:
As wealth inequality keeps attracting political and economic scrutiny, it becomes imperative to identify policies and practices that promote fair wealth distribution while fostering economic growth and prosperity.
In terms of wealth inequality, the following countries top the list, discerned using the Gini Index, which measures wealth distribution among a population.
South Africa leads with the highest wealth inequality, scoring 63.0 on the Gini Index. The country with the second highest wealth inequality is Namibia with a score of 59.1. Suriname is third with a score of 57.9 on the Gini Index. This is followed closely by Zambia, with a score of 57.1.
Sao Tome and Principe ranks fifth, with wealth inequality measured at 56.3 on the Gini Index. The Central African Republic follows directly after, with a score of 56.2. Eswatini, otherwise known as Swaziland, has a Gini Index score of 54.6, ranking their wealth inequality as the seventh highest.
Mozambique has the eighth highest value in wealth inequality, with a Gini Index score of 54.0. Brazil and Botswana round off this list, scoring 53.4 and 53.3 respectively on the Gini Index.
10 Countries with the Highest Wealth Inequality:
The data points presented are defined as follows:
To sort the data in the table, click on the column headers.