Gini Coefficient drops in Iran over 11 years
Baku, Azerbaijan, March 7
By Fatih Karimov - Trend: The Gini Coefficient, which is commonly used as a measure of inequality of income or wealth, has decreased in Iran over the past 11 years, IRNA reported on March 7, citing data released by the Statistical Center of Iran.
Over the past 11 years, the Gini Coefficient fell from 0.4304 to 0.3659.
In rural areas, the Gini Coefficient it fell from 0.3864 to 0.3347. In urban areas it fell to 0.3542, according to the report.
The Gini coefficient (also known as the Gini index or Gini ratio) is a measure of statistical dispersion intended to represent the income distribution of a nation's residents.
In November 2013, Iranian President Hassan Rouhani said his government plans to decrease the inflation rate to below 25 percent by the end of the next Iranian calendar year 1393 (March 20, 2015).
The inflation rate is projected to be 35 percent at the end of the current Iranian calendar year (March 20, 2014).
"First, the administration plans to curb the inflation rate and reform the banking system, and then change the method of (cash) subsidy payments," he added.
In October 2013, Finance and Economic Affairs Minister Ali Tayyebnia said the government plans to reduce the inflation rate by 6 to 7 percent by the end of the current calendar year (March 20, 2014).
Edited by C.N.