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Tuesday, 06.05.2025, 04:52
Latvia has highest income inequality index among Baltic States
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In 2012, the Gini Index in Latvia was the highest among the European Union member states – 35.2%, representing unequal income distribution among different groups of residents. The Gini Index in Estonia and Lithuania was lower than in Latvia, however, in 2012, it was above the average index – 30.6%, the latest survey carried out by SEB banka indicates.
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| Net wages in Baltics (EUR) |
Eurostat data shows a different picture for index dynamics in the Baltic States. From 2008 to 2012, the Gini Index has dropped from 37.5 to 35.2%, however, Latvia still has the highest Gini in the European Union. The Lithuanian Gini Index in 2008 was 34%, in 2010 it reached 37%, which was the highest indicator among the EU countries; during the next two years it dropped to 32%. From 2008 to 2012, the Estonian Gini Index jumped from 30.9 to 32.5%. From 2005 to 2012, the average Gini in the European Union remained around 31%.
The Gini coefficient or the Gini index is a widely used measure for income inequality. The coefficient ranges from 0 to 1. The higher the country's index, the more uneven its income distribution.
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