The Gini Coeffi cient, which is derived from the Lorenz Curve, can be used as an indicator of economic development in a country. It measures the degree of income equality in a population.
It can vary from 0 (perfect equality) to 1 (perfect inequality). A Gini Coeffi cient of zero means that everyone has the same income, while a Coeffi cient of 1 represents a single individual receiving all the income.
Gini Coefficient