According to Singapore Department of Statistics [SingStat] the median household income has grown to $9,425 in 2019 and that the income inequality, according to Gini Ratio, is the lowest it has been in nearly 2 decades. The Gini Ratio stood at 0.452 in 2019 as opposed to 0.458 the year before. The ratio assumes that 1 would be total income equality and 0 would be total income inequality. After adjusting for direct government benefit transfers t....
Tags : Singapore, Sing Stat, Income Inequality, Gini Ratio, Gini Index, National Statistical Office.,
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