Gini Coefficient

Gini coefficient, sometimes called Gini index, or Gini ratio, is a measure of

statistical dispersion intended to represent the income or wealth
distribution

Gini Coefficient= A/A+B

Steps:
1) We first sort the incomes in ascending order
2) We find the cumulative income till last individual
3) We plot the percentage of income vs percentage of
population
The Lorenzo Curve for given data set is given
below:-

Orange:- Line of equality

Blue:- Percent population vs percent income

Percent Population

Percent Income