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

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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 accounting for taxes and transfers, the Ministry of Finance (MOF) said in the sixth edition of the Singapore Public Sector Outcomes Review (SPOR) on Thursday.

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    Singapore economyInequalityMinistry of Finance

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