 | « Back to article | Print this article |
25 countries that have least income inequality
There are some countries where income inequality is high, which means there is a big difference between the top and bottom earners, while there are nations that have low income inequality.
Let's take a look at some nations that have low income inequality.
Note: The ranking is based on Gini coefficient, which measures the extent to which the distribution of income varies from perfect equality.
Source: Organisation for Economic Co-operation and Development.
Click NEXT to read more...
25 countries that have least income inequality
Slovenia
Gini coefficient: 0.24
Overall rank: 1
Slovenia, which has a GDP per capita of $28,600, is a developed country that has a well-educated workforce, world-class infrastructure and high quality of life.
Click NEXT to read more...
25 countries that have least income inequality
Denmark
Gini coefficient: 0.25
Overall rank: 2
Denmark, one of the wealthiest economies in the world, has a GDP per capita of $56,790, excellent quality of life and is one of the most open societies in the globe.
Click NEXT to read more...
25 countries that have least income inequality
Norway
Gini coefficient: 0.25
Overall rank: 3
Norway, which has one of the biggest oil and gas reserves in the world, has a GDP per capita of $53,269, high quality of life and is constantly rated among the top in Human Development Index.
Click NEXT to read more...
25 countries that have least income inequality
The Czech Republic
Gini coefficient: 0.26
Overall rank: 4
The Czech Republic, one of the most developed economies in central and eastern Europe, has a GDP per capita of $26,426, high quality of life and excellent infrastructure.
Click NEXT to read more...
25 countries that have least income inequality
Slovakia
Gini coefficient: 0.26
Overall rank: 5
Slovakia, which in recent years has taken several measures to attract foreign investments, has a GDP per capita of $24,300, low inflation and high quality of life.
Click NEXT to read more...
25 countries that have least income inequality
Belgium
Gini coefficient: 0.26
Overall rank: 6
Belgium, one of the wealthiest economies in the world, has a GDP per capita of $38,100, excellent infrastructure and is constantly rated high in Human Development Index.
Click NEXT to read more...
25 countries that have least income inequality
Sweden
Gini coefficient: 0.26
Overall rank: 7
Sweden, one of the richest economies in the world, is constantly rated high in gender equality, ease of doing business, openness and quality of life.
Click NEXT to read more...
25 countries that have least income inequality
Finland
Gini coefficient: 0.26
Overall rank: 8
Finland, one of the most developed economies in the world, has a GDP per capita of $36,700, a booming manufacturing sector and is rated high on Human Development Index.
Click NEXT to read more...
25 countries that have least income inequality
Austria
Gini coefficient: 0.26
Overall rank: 9
Austria, one of the richest economies in the world, is constantly rated high on quality of life, gender equality and openness.
Click NEXT to read more...
25 countries that have least income inequality
Hungary
Gini coefficient: 0.27
Overall rank: 10
Hungary, which began market liberalisation after the 1990s, has per capita GDP of $22,119, attracts billions of dollars in foreign investments every year and provides high quality of life.
Click NEXT to read more...
25 countries that have least income inequality
Luxembourg
Gini coefficient: 0.29
Overall rank: 11
Luxembourg, one of the wealthiest economies in the world, has per capita GDP of $80,700, a thriving banking sector and one of the highest standards of living.
Click NEXT to read more...
25 countries that have least income inequality
France
Gini coefficient: 0.29
Overall rank: 12
France, the fifth-largest economy in the world, has per capita GDP of $41,141, thriving manufacturing and banking sectors and is constantly rated high on Human Development Index.
Click NEXT to read more...
25 countries that have least income inequality
Ireland
Gini coefficient: 0.29
Overall rank: 13
Ireland, one of the wealthiest economies in the world, has per capita GDP of $41,700, thriving service sector and high standard of living.
Click NEXT to read more...
25 countries that have least income inequality
The Netherlands
Gini coefficient: 0.29
Overall rank: 14
The Netherlands, one of the richest economies in the world, has per capita GDP of $42,300, a booming dairy industry and is constantly ranked high in openness.
Click NEXT to read more...
25 countries that have least income inequality
Germany
Gini coefficient: 0.30
Overall rank: 15
Germany, one of the biggest economic powerhouses in the world, has per capita GDP of $43,741, a booming export sector and high quality of life.
Click NEXT to read more...
25 countries that have least income inequality
Iceland
Gini coefficient: 0.30
Overall rank: 16
Iceland, which was hit badly by the 2008 global economic crisis, has per capita GDP of $38,400, a booming fish industry and tops the Human Development Index.
Click NEXT to read more...
25 countries that have least income inequality
Switzerland
Gini coefficient: 0.30
Overall rank: 17
Switzerland, one of the richest economies in the world, has per capita GDP of $54,600, booming banking and dairy industries and high standard of life.
Click NEXT to read more...
25 countries that have least income inequality
Greece
Gini coefficient: 0.31
Overall rank: 18
Greece, which was hit badly by the 2008 global economic crisis, has per capita GDP of $24,505, a booming tourism industry and high living standard.
Click NEXT to read more...
25 countries that have least income inequality
South Korea
Gini coefficient: 0.31
Overall rank: 19
South Korea, one of the most developed economies in the world, has per capita GDP of $32,020, a booming manufacturing sector and is constantly rated high on Human Development Index.
Click NEXT to read more...
25 countries that have least income inequality
Poland
Gini coefficient: 0.31
Overall rank: 20
Poland, which was hit badly by the 2008 global economic crisis, is the sixth-largest economy in the European Union, has a booming service sector and high standard of living.
Click NEXT to read more...
25 countries that have least income inequality
Estonia
Gini coefficient: 0.32
Overall rank: 21
Estonia, which was like many other European nations hit badly by the 2008 global economic crisis, has per capita GDP of $21.200, high living standard and low inflation rate.
Click NEXT to read more...
25 countries that have least income inequality
Spain
Gini coefficient: 0.32
Overall rank: 22
Spain, which saw its real estate market plunge after the 2008 global economic crisis, has per capita GDP of $29,156, excellent infrastructure and high standard of living.
Click NEXT to read more...
25 countries that have least income inequality
Canada
Gini coefficient: 0.32
Overall rank: 23
Canada, whose economy is dominated by the services sector, is one of the richest countries in the world.
Click NEXT to read more...
25 countries that have least income inequality
Japan
Gini coefficient: 0.33
Overall rank: 24
Japan, one of the biggest economies in the world, is a major global manufacturing powerhouse.
Click NEXT to read more...
25 countries that have least income inequality
New Zealand
Gini coefficient: 0.33
Overall rank: 25
New Zealand, one of the biggest producers of dairy products, has per capita GDP of $30,804, high living standard and market openness.