It is encouraging to see Lithuania topping the list of European countries with the largest absolute growth in household disposable incomes over 2015-2020. However, one of the biggest challenges in the country is income inequality. Over the same period, the Gini index (a measure of income inequality ranging from 0-100 where higher values indicate higher income inequality) had risen 0.3 percentage points to 39.4 and is largely explained by the faster growth of incomes among the richest 30% (income growth of approximately 40.9% over 2015-2020 in constant 2020 prices) compared to the poorest 30% (income growth of approximately 38.7% over 2015-2020 in constant 2020 prices). High income inequality is a burden to societies because it impedes middle-class development and can exclude people from participating in normal social life. #economy #incomeinequality #lithuania
2015 is the year of the shift from national currency LITAS to EURO in Lithuania. So, the graph has additional context ;)
Board Member at Transvelas
3y0.3 percentage points is basically no change in income inequality to me :D It is encouraging to see these results. Any guesses why it is going so well?