Gini Coefficient Result
Gini Coefficient: 0.319
Percentage: 31.9%
Interpretation: Moderate inequality in the distribution
Distribution Summary
  • Population Size 7
  • Total Value 11,700
  • Mean Value 1,671.43
  • Median Value 1,800
Lorenz Curve Visualization
Cumulative Distribution Table
Rank Value Cumulative Value % of Total Value Cumulative % of Value % of Population
About Gini Coefficient
What is the Gini Coefficient?

The Gini coefficient is a measure of statistical dispersion intended to represent the income or wealth distribution of a nation's residents. It is the most commonly used measurement of inequality.

Interpretation
  • 0 represents perfect equality (everyone has the same income)
  • 1 represents perfect inequality (one person has all the income)
Typical Values
  • 0.24-0.36 for most developed countries
  • 0.40+ indicates high inequality
  • 0.60+ represents extremely high inequality
Applications
  • Income/wealth distribution analysis
  • Resource allocation studies
  • Educational attainment distribution
  • Any ranked, cumulative distribution data