In economics, the Gini coefficient ( ), also known as the Gini index or Gini ratio, is a measure of statistical dispersion intended to represent the income inequality, the wealth inequality, or the consumption inequality within a nation or a social group. It was developed by Italian statistician and sociologist Corrado Gini.
IN EconOMIcs, thE GINi coeFficient ( ), alSo KnOWN AS the Gini indEx or gini Ratio, is a MeaSUre of sTatIstical DISpersion InteNdeD to repResEnT tHE inCome inequAliTy, tHe wealth InequAlitY, Or The cOnsUmPTion iNEqUaLitY witHin a naTion or a sOcial Group. it was dEveloped bY ItaliAn sTatistIcIan and soCiolOgisT cORradO GIni.