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The charts that show the countries with the worst wealth inequality

Some countries are more unequal than others

Hazel Sheffield
Monday 18 January 2016 13:41 GMT
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A woman begs in the street as women walk past on November 26, 2015 in Madrid, Spain. According to a recent study Madrid was ranked the most segregated city in Europe between rich and poor.
A woman begs in the street as women walk past on November 26, 2015 in Madrid, Spain. According to a recent study Madrid was ranked the most segregated city in Europe between rich and poor. (Getty)

An Oxfam report has revealed that just 62 people now own as much wealth as half the world's population.

A smaller number of people than ever control the majority of the world's wealth, as shown by the following Statista pyriamid.

Meanwhile the wealth of the poorest half of the world's population - 3.6 billion people - has fallen by 41 per cent, or a trillion US dollars, since 2010.

(Statista)

But some countries are more unequal than others. The World Economic forum has assembled colour-coded maps to show which countries suffer from the highest wealth inequality.

They use the GINI index, which shows how far a country deviates from perfectly equal wealth distribution. The darker colours on the map have a higher index score and are less unequal.

(WEF)

On the map, large parts of Asia, South America and Africa have the highest wealth inequality.

(WEF)

Europe scores well for inequality - especially in Scandinavia. Ukraine, Norway and Finland are all among the top performing countries in the world.

(WEF)

Africa has some of the worst performing countries in the world, but it also contains countries with lower scores, like Niger and Ethiopia.

(WEF)

Inequality is rising faster in Asia than anywhere else in the world. Economists say Governments are waking up to the benefits of address wealth inequality but that many need to dedicate better resources to address the problem.

Mark Goldring, head of Oxfam in the UK, said that more needs to be done.

“World leaders’ concern about the escalating inequality crisis has so far not translated into concrete action to ensure that those at the bottom get their fair share of economic growth.

"In a world where one in nine people go to bed hungry every night we cannot afford to carry on giving the richest an ever bigger slice of the cake," he said.

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