Meaning of Gini in English:

Gini

Pronunciation /ˈdʒiːni/

noun

(also Gini coefficient)
Economics
  • A statistical measure of the degree of variation represented in a set of values, used especially in analysing income inequality.

    ‘an increase in the Gini coefficient suggests that income is becoming more unevenly distributed’
    • ‘Despite relatively high per capita income, the income distribution is skewed, with a Gini Coefficient of 0.7.’
    • ‘In the urban areas, inequality prior to the reforms was remarkably low, with a Gini of 0.185 in 1977.’
    • ‘In less than a decade, the Gini coefficient literally doubled, from around 0.3 to 0.6.’
    • ‘A Gini coefficient of zero indicates a perfectly equal income distribution, and inequality is said to increase as the Gini coefficient gets higher.’
    • ‘The greater the income disparity between tenths of households, the greater the bowing of the curve away from the diagonal line and the higher the Gini coefficient.’

Origin

From the name of Corrado Gini (1884–1965), the Italian statistician who developed the measure.