In this article, we’ll explore the median income around the world. This paper summarizes and evaluates the available quantitative and qualitative information on income distribution in Guatemala, with special reference to rural development. [Eric Graber; United States. There have been important changes in the distribution of income in Central America in the last two decades. The Gini coefficient is based on the comparison of cumulative proportions of the population against cumulative proportions of income they receive, and it ranges between 0 in the case of perfect equality and 1 in the case of perfect inequality. Rural Development Division.] However, Guatemala faces many social problems and is one of the poorest countries in Latin America. The more unequal a country's income distribution, the higher its Gini index, e.g., a Sub-Saharan country with an index of 50. The distribution of income remains highly unequal with the richest 20% of the population accounting for more than 51% of Guatemala's overall consumption. As can be seen, the Gini Index of global income inequality according to this concept stands at 0.7. 8 Facts About Poverty in Guatemala. The income distribution is highly unequal with more than half of the population below the national poverty line and just over 400,000 (3.2%) unemployed. Guatemala is the largest economy in Central America, with a GDP (PPP) per capita of US$5,200. Get this from a library! Guatemala is a lower middle-income country with one of the most unequal distributions of income and one of the highest poverty rates in Latin America. The highest median income can be found in the nation of Luxembourg.Here, the median income is $38,516. If income were distributed with perfect equality the index would be zero; if income were distributed with perfect inequality, the index would be 100. Guatemala GINI index was 44.5 % in 2018, down by 0.00% from the previous year. Agency for International Development. The small Central American country of Guatemala spans the narrow strip of land between North and South America, touching both the Pacific Ocean and the Caribbean Sea. Wealth distribution is unbalanced. Guatemala scores 57 in terms of the Gini coefficient – one of the most used indicators for measuring inequality, across a range where 0 represents complete equality and 100 total inequality – and is in the top ten of the world’s most unequal countries and number 1 in Central America. In 2011, while the (unweighted) average Gini coefficient for Latin America was 0.487, the Gini for Guatemala was equal to 0.522 (Figure 1). Next on the list is Norway with a median income of $37,129. Mangrum came back equipped to share observations in an interview with The Borgen Project that underscore eight major facts about poverty in Guatemala. Starting in the early 1990s, Costa Rica exhibited the lowest Gini coefficient, followed by El Salvador and Honduras, with Guatemala and Nicaragua exhibiting the highest inequality in Central America. Its border also touches Mexico, Belize, El Salvador, and Honduras.Based on the 2019 population of 17,572,053, the population density of Guatemala is 418 people per square mile (161 … Record … Bureau for Latin America and the Caribbean. Aspects covered include demographic characteristics, health and nutrition, land distribution, regional considerations, small farm production, co-operatives and education.

The dataset covers 213 countries, 697 subdivisions (states, provinces, etc.) the distribution of income between households within countries that is available starting only from the mid-1980s. This decrease is a result of the temporary suspension of the Escobal mine, as well as the technical closure of the Malín 1 mine. Beyond Guatemala and Latin America, C-GIDD is the world's most detailed economic and demographic database for GDP and income distribution data. In third place is Switzerland with a median income of $34,608.

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