Ranked: Countries With The Highest Income And Wealth Equality (2024 Report)

Global income and wealth inequality significantly contribute to the economic crises experienced worldwide each year. Income inequality has been a problem for a long time. It started when wealth was concentrated during the monarchies and controlled by a few rich families. Burundi has the highest income or wealth inequality globally, followed by Syria, Afghanistan, South Sudan, and Malawi.

Global Financial Equality (GFI) Score: Understanding global financial inequality involves measuring three key factors: income, consumption, and wealth. While income inequality is commonly used to gauge inequality, it’s also important to consider consumption and wealth. Consumption reflects income and sheds light on living standards, while accumulated wealth plays an increasingly significant role in our unequal world. Wealth inequality includes more than just money. It also considers the value of bank accounts, stocks, investments, real estate, and personal assets like cars, jewelry, art, and other valuables.

It’s a prominent driver of unequal living standards. The Index is a widely used measure that assesses a country’s income or wealth distribution. In this index, 0 represents complete equality, while 100 indicates total inequality. A higher score means more people are unfair. It means that people who make a lot of money get a larger share of the total income and wealth of the population.

Countries With The Highest Income And Wealth Equality

Have you read?
Best Fashion Schools. Best Universities. Best Medical Schools. Best International High Schools. Countries: Most Female Billionaires.