Made this screenshot from a video I just watched as it’s quite surprising Armenia is in such a good position in terms of income inequality, especially given that Nikol Pashinyan’s government is generally right-leaning (formally center-right).
More detailed data and a chance to compare to other countries here: https://data.worldbank.org/indicator/SI.POV.GINI?contextual=region&locations=AM-GE-RU-NL
The Gini coefficient is a measure of fairness of wealth distribution where 0 is the ideal – most fair, where everybody has the same worth, and 1 is the worst, where one person has everything and the rest have nothing. Therefore the lower the number the fairer the distribution. Sometimes the coefficient is multiplied by 100 for convenience, like on the World Bank’s graphs.
In conjunction with GDP per capita, Gini index gives a more complete picture of population’s welbeing.
We essentially have European levels of income distribution and are doing a lot better than e.g. the US, where income inequality is brutal and is on par with totalitarian countries like Russia and Turkey.
https://i.redd.it/j121e2lr06bg1.png
Posted by mojuba
1 Comment
Great find. But I’d say on this topic the Pashinyan government is more left-leaning; higher properly enforced taxes; stronger regulations for businesses/corporations; increasing salaries and number of government employees; getting stakes in private enterprises; schemes to increase pensions.
I’d also be very curious to see the underlying data. Data collection in Armenian leaves a lot to be desired.