World Inequality Report 2022

Share with Your Friends

Recently “World Inequality Report 2022” has been released.

This is a report released by the ‘World Inequality Lab’, prepared by a group of world’s leading economists.

Key Conclusions:

  • The top 10% of the world’s wealthiest people currently account for 52% of global income, while the poorest half of the world’s population earns only 8.5% of global income.
  • The Middle East and North Africa (MENA) has the highest levels of inequality, while Europe has the lowest levels of inequality.
  • Globally, gender inequality is high and progress has been slow to improve within countries.
  • The share of women in the total work income (labor income) was about 30% in 1990, and it is less than 35% at present.
  • Levels of national average income are misleading/vague indicators of inequality.
  • Some of the high-income countries have a high level of inequality (such as the United States), while other high-income countries have relatively equal status (such as Sweden).
  • After a series of deregulation and liberalization programmes, that is, since the 1980s, income and wealth inequalities have been increasing almost everywhere.

India Specific Conclusion:

  • In the year 2021, the income of the top 10 percent accounts for 57% of the total national income, while the share of the bottom 50 percent is only 13%.
  • The share of female labor income is about 18%, which is lower than the average in Asia.
  • The bottom 50% of the population in India is responsible for on average five times less emissions than the average person in the bottom 50% of the EU population.

Source- The Hindu

Download Our App


Was this article helpful?

Click to Join Our Current Affairs WhatsApp Group

Join Our Whatsapp Group For Daily, Weekly, Monthly Current Affairs Compilation & Daily Mains Answer Writing Test & Current Affairs MCQ

In Our Current Affairs WhatsApp Group you will get daily Mains Answer Writing Question PDF and Word File, Daily Current Affairs PDF and So Much More in Free So Join Now

Register For Latest Notification

Register Yourself For Latest Current Affairs

February 2023
« Jan    

Mains Answer Writing Practice

Recent Current Affairs (English)

Current Affairs (हिन्दी)

Subscribe Our Youtube Channel

Register now

Get Free Counselling Session with mentor

Download App

Get Youth Pathshala App For Free

Open chat
Youth Destination IAS . PCS
To get access
- NCERT Classes
- Current Affairs Magazine
- IAS Booklet
- Complete syllabus analysis
- Demo classes