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Bogota registered a reduction in the Gini coefficient
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Bogota recorded a reduction in the Gini coefficient: inequality is high.
Analysis
Bogota's GINI went from 0.559 in 2020 to 0.528 in 2021, which translates into a reduction in inequality in the last year.
Description
The Gini coefficient is used to measure inequality in income distribution within a country, city or region. It is also used to measure inequality in the distribution of wealth.
The Gini coefficient is a number between 0 and 1, where 0 is perfect equality (all individuals or families have the same income) and 1 represents inequality (only a few households or individuals concentrate all the income).
Source
DANE - Encuesta Continua de Hogares (2002-2005) and Gran Encuesta Integrada de Hogares (2008-2021).
Analysis
In Bogota, the incidence of poverty fell 4.3 percentage points from 40.1% in 2020 to 35.8% in 2021.
Description
The monetary poverty index is the indicator that refers to the standard of living of the population, it reflects the capacity of a household to meet the minimum requirements for living.
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