Past and current developments of income inequality Sample Clauses

Past and current developments of income inequality. In the last 25 years, extreme poverty and income inequality has decreased globally [35]. While global inequality remains high, after 2000 inequality started to decline (Figure 2), largely induced by the decrease of inequality between countries [35]. Inequality varies greatly among regions. In 2017, the richest 10% earned only 37% of total income in Europe [37], while this share was even higher in China, Russia, the US and Canada, ranging between 41% and 47%. In Sub-Saharan Africa, Brazil, India and the Middle EST the share was 55-61% of income [37]. From 1980, income inequality increased moderately in Europe and more rapidly in North America, China, India and Russia. The diversity of trends across countries shows that a variety of national, institutional and political contexts influence the dynamics of income inequality (Figure 3). The spread from the most unequal countries in Latin America and Sub-Saharan Africa, to the lowest-inequality in some EU countries is very high.