Reduction in income inequality in United States

United States: Reduction in income inequality was 22.07 in 2023. ▲ Rising

Latest (2023)
22.07
Change on year
down 2.5%
World rank
32nd
of 39 countries
All-time high
27.57
in 2020
All-time low
21.77
in 2019
Years of data
11
2013–2023

Reduction in income inequality in United States, 2013–2023

01020302013201820232013: 22.82014: 22.42015: 232016: 22.82017: 22.82018: 22.42019: 21.82020: 27.62021: 27.42022: 22.62023: 22.1

Source: Our World in Data.

Analysis

The most recent figure for reduction in income inequality in United States is 22.07, measured in 2023.

The figure is down 2.5% on the previous year and down 3.1% over ten years.

Over the whole period, reduction in income inequality in United States peaked at 27.57 in 2020 and was at its lowest, 21.77, in 2019.

United States ranks 32nd of 39 countries on this measure, in the bottom quarter.

The long-run direction has been consistently rising across the 11 years of available data.

Averages by decade

DecadeAverage LowestHighest Years
2010s 22.57 21.77 23.03 7
2020s 24.92 22.07 27.57 4

Countries ranked near United States

  1. 29 Australia 27.66 compare
  2. 30 Bulgaria 26 compare
  3. 31 Israel 23.19 compare
  4. 33 Switzerland 21.23 compare
  5. 34 Turkey 18.58 compare
  6. 35 South Korea 18.18 compare

See the full ranking of 39 places →

More poverty & inequality data for United States

All data for United States →

Frequently asked questions

What is reduction in income inequality in United States?
Reduction in income inequality in United States was 22.07 in 2023, according to Our World in Data.
What is the highest reduction in income inequality recorded in United States?
The highest recorded value was 27.57 in 2020.
What is the lowest reduction in income inequality recorded in United States?
The lowest recorded value was 21.77 in 2019.
How does United States rank for reduction in income inequality?
United States ranks 32nd out of 39 countries with data for 2023.
Is reduction in income inequality rising or falling in United States?
Over the last ten years it is down 3.1%. The long-run trend across the full record is rising.
Where does this United States data come from?
The figures come from Our World in Data, published as part of Reduction in income inequality. Statizoid updates them automatically from the source API.

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CSV · JSON — 11 observations, free to reuse under CC BY 4.0 (Our World in Data).

About this data

Indicator
Reduction in income inequality
Source
Our World in Data
Licence
CC BY 4.0 (Our World in Data)
Coverage
39 places, 622 data points, 1976–2024
Last refreshed