IP01010 Gini and Hoover indexes and income quantile ratios by age, sex, type of household and region (2009-2018)
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age

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type of household

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region

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sex

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year Select at least one value

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Contact and information

Information

Latest update
5/14/2020
Contact
Høgni P. Vilhelm
Unit
number
Update frequency
A
Next update
5/5/2021
Creation date
6/12/2015
Source
Statistics Faroe Islands
Matrix
IP01010_INNT_GINFIM
Footnotes

Footnotes

Symbols:
-  Nil (exactly zero)
0  Rounded to zero
 •  Not applicable
 ••  Not available or too uncertain
 ••• Not disclosed, confidentiality/privacy protected

region
S-Streymoy includes Hestur, Koltur and Nólsoy
Vágar includes Mykines
Sandoy includes Skúgvoy and St. Dímun
measure
Gini index
A measure of inequality of income. A zero shows perfect equality while 100% show maximum inequality (one household has all the income).
Hoover index
Also known as Robin Hood index. The proportion of all income which would have to be redistributed to achieve a state of perfect equality
Income quintile ratio 80/20
Ratio of the average income of the richest 20% of the population to the average income of the poorest 20% of the population
Income quantile ratio 90/10
Ratio of the average income of the richest 10% of the population to the average income of the poorest 10% of the population
Income quantile ratio 100/1
Ratio of the average income of the richest 1% of the population to the average income of the poorest 1% of the population