31 August 2010
Venezuela reduces inequality the most in Latin America

Caracas, 30 Ago. AVN .- Whereas Latin America is the most unequal continent in the world, Venezuela is the country that has reduced the inequality index the most in the region, a situation endorsed by the Economic Commission for Latin America and the Caribbean (ECLAC), said the President of the National Institute of Statistics (INE) Elías Eljuri during a program broadcast by Venezuela"s state-run TV station Venezolana de Televisión (VTV).

“Venezuela is the leading country in Latin America," stressed Eljuri as he mentioned that Venezuela"s Gini coefficient is 0.39.

The Gini coefficient serves to measure the inequality of wealth distribution, a value of 0 expressing total equality and a value of 1 maximal inequality.

"Uruguay follows Venezuela with 0.44, Costa Rica"s is 0.47, Colombia"s 0.58, Chile"s 0.52 and Brazil"s 0.59," explained the INE president.

Translated by MinCI