Definitions for "Gini Coefficient"
A measure of income inequality within a population, ranging from zero for complete equality, to one if one person has all the income. It is defined as the area between the Lorenz Curve and the diagonal, divided by the total area under the diagonal.
The Gini Coefficient is a measure of income distribution whereby a score of zero indicates perfect equality, and 100 indicates that all national income is enjoyed by one person.
Measures the extent to which the distribution of income (or, in some cases, consump- tion expenditures) among individuals or households within an economy deviates from a perfectly equal dis- tribution. The coefficient ranges from 0 - meaning perfect equality - to 1 - complete inequality.