Statistics Iceland
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Íslenska
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Gini coefficient and quintile share ratio 2004-2022

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10/3/2023
Index, ratio
2004-2022
LIF01110
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In recent years, Statistics Iceland has made efforts to enhance the processing of EU-SILC data, focusing on improving timeliness and reliability. As a result, the time series has been updated, incorporating refined weights, more precise confidence intervals, and enhanced processing methods. Figures for the years 2019-2022 are preliminary.
The Gini coefficient measures in a single number between 0 and 100 how the total disposable income per consumption unit of all individuals in the country is distributed. It would be 100 if one individual had all the income, and 0 if everyone had equal income.
It is calculated as the ratio of total income received by the 20 % of the population with the highest income (the top quintile) to that received by the 20 % of the population with the lowest income (the bottom quintile). Social payments by authorities include: family-related payments, housing allowances, education-related allowances, as well as unemployment, sickness, or disability benefits.