Australia Gini Index
Australia's gini index rose to 34.3 points in 2018, up from 33.7 points in 2016, according to World Bank. This represents an increase of 1.8% (0.6) from the previous year. Australia has gini index lower than the global median (34.30 points vs median 34.60 points). Compared with the median in Oceania, Australia is higher (34.30 points vs regional median 31.50 points) and ranks 2nd out of 6 countries in Oceania. Gini Index measures income or consumption inequality in Australia for the reference period, scaled 0 to 100 where higher values indicate greater inequality.
Australia's poverty rate was 0.5% in 2018, unchanged from 2016.