Definition of Gini in US English:

Gini

(also Gini coefficient)

noun

Economics
  • A statistical measure of the degree of variation or inequality represented in a set of values, used especially in analyzing income inequality.

    ‘an increase in the Gini coefficient suggests that income is becoming more unevenly distributed’
    • ‘In the urban areas, inequality prior to the reforms was remarkably low, with a Gini of 0.185 in 1977.’
    • ‘Despite relatively high per capita income, the income distribution is skewed, with a Gini Coefficient of 0.7.’
    • ‘In less than a decade, the Gini coefficient literally doubled, from around 0.3 to 0.6.’
    • ‘The greater the income disparity between tenths of households, the greater the bowing of the curve away from the diagonal line and the higher the Gini coefficient.’
    • ‘A Gini coefficient of zero indicates a perfectly equal income distribution, and inequality is said to increase as the Gini coefficient gets higher.’

Origin

From the name of Corrado Gini (1884–1965), the Italian statistician who developed the measure.

Pronunciation

Gini

/ˈjēnē/