Scatter plot of 113 countries comparing wealth vs income inequality. The red square is the United States.
The L shape of the scatter plot was not what I expected. However, many countries don’t have a recent Gini index (1987 to 2003) while GDP per capita is available for 2003/2004 for most countries.
Definition of Gini index a measure of income inequality.
0 = equal distrubution
100 = one person has everything
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Excellent idea for a graph. I only wish that it would popup the identities of other nations when you mouse over them. If that is not practical, then perhaps just label the other outliers and/or major nations.
I find plotting GDP per capita on the horizontal axis and GINI on the vertical leads to greater understanding. There is a surprise in this data, although the GINI is realitively flat to per capita GDP, richer countries are generally more equal (lower GINI score). This is contrary to popular belief. The US is a anomaly with a high relative level of inequality for a high income. I think the inference is poor people are poor because corruption leads to inequality.