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Gini coefficient: Income gap in Singapore and elsewhere

Singapore has the second highest income gap between the rich and the poor, as indicated by the Gini coefficient, among the 38 countries with very high human development, according to the 2009 United Nations Development Report. Only Hong Kong has a higher income gap. See the table on this web page. You can also build your own tables using various economic indicators by going to the statistics page and you can read the report here.

The UN report says: The Gini index lies between 0 and 100. A value of 0 represents absolute equality and 100 absolute inequality.

Singapore, according to the 2009 UN report, had a Gini coefficient of 42.5, exceeded only by Hong Kong (43.4) among the countries with very high human development.

Here we compare Singapore's Gini coefficient with the figures for the rest of the 10-member Association of Southeast Asean Nations (Asean) and other countries with which it has close links. The figure tends to be lower in European countries, as this chart shows. All the figures are from the UN report.

Gini-coefficient

Thailand had the same Gini coefficient as Singapore and it was even higher in the Philippines (44) but considerably lower in Malaysia (37.9).

Brunei, ranked 30th on the human development index, and Myanmar are the two Asean member states whose Gini coefficients are missing from the UN report. It also does not give the Gini coefficients of the Gulf states – Kuwait, Qatar and the United Arab Emirates, ranked 31st, 33rd and 35th respectively on  the human development index.

China had a Gini coefficient of 41.5, much higher than India (36.8), South Korea (31.6), Japan (24.9).

Norway, first on the human development index, had a Gini coefficient of 25.8; Australia (2nd), 35.2; Canada (4th), 32.6; and Ireland (5th), 34.3. No figure was given for third-ranked Iceland. All the 38 countries with very high human development are listed at the end of the previous post.

About the author: Abhijit Nag loves reading, writing and getting news and information online.