What is Australia’s current Gini coefficient?

The Gini coefficient is a measure of income inequality within a population, where a coefficient of 0 represents perfect equality and a value of 1 (or 100 when expressed as a percentage) indicates maximum inequality. As of the latest available data, Australia's Gini coefficient is approximately 0.33, indicating a moderate level of income inequality in the country. This suggests that while there is some degree of disparity in income distribution, Australia does not have extreme levels of inequality compared to some other nations.

Values lower than 0.33 (like 0.25 or 0.30) would indicate a distribution that is more equal, while a value higher than 0.33, such as 0.40, would suggest a greater degree of inequality. Given the context of economic data and trends in Australia’s income distribution, 0.33 accurately reflects the current state of income inequality in the nation.