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Income inequality gap narrows, household income growth slows

Gini coefficient, a measure of income inequality, in 2016 drops to the lowest in a decade

Published Thu, Feb 16, 2017 · 09:50 PM

Singapore

THE gap in income disparity in Singapore is the smallest in a decade while the average household income from work per household member grew at a slower pace in 2016.

The Gini coefficient, a measure of income inequality, dropped to 0.458 in 2016 from 0.463 in 2015. It was the lowest level since 2006, said Singapore's Department of Statistics' (DOS) latest Key Household Income Trends 2016 released on Thursday.

After accounting for government transfers and taxes, the Gini coefficient fell to 0.402 in…

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