💵 Economic inequality decreases in more countries

• The number of countries with high inequality has decreased from 74 to 51 between 2000 and 2020.
• During the Covid-19 pandemic, inequality continued to decrease - 52 out of 72 studied countries showed reduced inequality.
• The number of countries with low inequality increased from 20 to 32 between 2000 and 2020.

Fewer countries with high inequality

Data from 166 countries shows a clear reduction in the number of countries with high inequality since 2000, according to the World Bank.

For each five-year period since 2000, more countries have left the high inequality group than entered it. Of the 23 countries that left the high inequality group between 2000 and 2020, half moved to the moderate inequality group and half to the low inequality group.

Covid-19 did not affect the positive trend

The downward trend continued even during the Covid-19 pandemic. Of 72 studied countries, 52 experienced a decrease in inequality. The decrease was particularly noticeable in countries that had higher inequality before the pandemic.

Among the 52 countries that saw decreased inequality were:

• 14 countries in Europe and Central Asia
• 11 countries in Sub-Saharan Africa
• 11 countries in Latin America and the Caribbean
• 11 high-income countries
• 3 countries in East Asia and the Pacific
• 1 country in the Middle East and North Africa
• 1 country in South Asia

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