According to a Bloomberg report The Global Inequality Database, developed by an international network of more than 100 academics, including Thomas Packetti and Nobel Laureate Abhijeet Banerjee, allows comparing income inequality in 173 countries.
How much money is needed to join the richest 1% of the world
Estimates are based on a mix of sources, including tax data, surveys, national statistics and more. The database was launched in 2011, and was recently expanded to include more countries, covering 97% of the world’s population.
The new figures give a clearer picture of how inequalities between countries differ. Globalization and other trends have boosted the top 1% of the pie in most places, including Peru and India, but in Austria, Vietnam and elsewhere, government policies and trends, such as the growing middle class, have curbed inequality.
Has kept The chart below shows 53 countries in which the database estimates high quality. With the latest figures for 2019, we still can’t see how recent events such as epidemics, rising stock markets and unprecedented financial stimulus have affected the income gap.