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Singapore's 2019 income gap improves, but could widen in 2020 due to Covid-19

Sharon See

Sharon See

Published Thu, Nov 26, 2020 · 09:50 PM
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Singapore

ALTHOUGH Singapore's Gini coefficient, a measure of income inequality, dipped below 0.4 for the first time in at least a decade in 2019, economists caution that the income gap could again widen this year due to severe disruption from the Covid-19 pandemic. A Gini coefficient above 0.4 is widely considered to indicate a large income gap.

Singapore has seen decreasing income inequality in 2019, with the value falling to 0.398 from 0.403 in 2018, after accou…

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KEYWORDS IN THIS ARTICLE

Inequality
Ministry of Finance

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