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Gini Coefficient by Country

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The top three countries with the highest Gini Index are South Africa, Namibia and Suriname and lowest three countries are Slovakia, Slovenia and Belarus.

A higher Gini index indicates greater income inequality, with high-income individuals receiving a larger percentage of the total income. This has been a trend over the past few centuries, and the COVID-19 pandemic has exacerbated this trend.

However, it is important to note that the Gini index has some limitations. For example, it does not take into account non-monetary factors such as access to healthcare, education, or social support. Additionally, it may overstate income inequality if there are a large number of people with zero or negative income.

Moreover, the Gini index is just one measure of income distribution and should be used in conjunction with other measures to fully understand income inequality. Other measures include the poverty rate, the median household income, and the share of income going to the top 1% or 10% of earners.