Official Concept and Definition

Gini ratio

Definition

the ratio of the area between the Lorenz curve and the diagonal (the line of perfect equality) to the area below the diagonal
Notes:
It is a measure of the extent to which the distribution of income/ expenditure among families/individuals deviates from a perfectly equal distribution, with limits 0 for perfect equality and 1 for perfect inequality.

Formula
PSS Agency PSA
Source/s

PSA

https://psa.gov.ph/ISSiP/concepts-and-definitions
Indicators / Statistics Being Generated Poverty
PSA Board Resolution PSA Board Resolution No 01, Series of 2017 - 129
https://psa.gov.ph/article/nscb-executive-board-resolution-no-2-approving-and-adopting-official-concepts-and
Statistical Domain Environment and multi-domain statistics
Statistical Activity Living conditions, poverty and cross-cutting social issues

Official Concepts and Definitions

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