According to the most recent data from Eurostat Iceland enjoys greater economic equality than any other European country. The data, which is based on figures from on income distribution for the year 2013, shows that the Gin coefficient for Iceland is 22.7, the Icelandic National Broadcasting Service reports. A lower Gini-coefficient means less inequality.
Read more: Foundations of Well-being: Iceland ranks fourth on the Social Progress Index
The country with the second greatest economic equality in 2013 was Norway. The least equal European country was Serbia, which had a Gini-coefficient of 38.6. The Gini-coefficient for Norway was 23.5. The average for Europe was 30.9.
According to the most recent data from Eurostat Iceland enjoys greater economic equality than any other European country. The data, which is based on figures from on income distribution for the year 2013, shows that the Gin coefficient for Iceland is 22.7, the Icelandic National Broadcasting Service reports. A lower Gini-coefficient means less inequality.
Read more: Foundations of Well-being: Iceland ranks fourth on the Social Progress Index
The country with the second greatest economic equality in 2013 was Norway. The least equal European country was Serbia, which had a Gini-coefficient of 38.6. The Gini-coefficient for Norway was 23.5. The average for Europe was 30.9.
