Someone told me that Singapore has a high Gini coefficient, which indicates a wide disparity of income. I searched Google and found the following information from Wikipedia.
The disparity in household income had widened in 2000, reflecting the faster income growth for the higher-income households.
The Gini coefficient, a measure of income inequality, rose from 0.446 in 1998 to 0.481 in 2000. Other measures of income inequality also indicated similar trend of increasing disparity in household income.
In the United Nations Development Programme Report 2004, Singapore's Gini coefficient based on income is 0.425 in 1998, which is ranked 78 among 127 countries in income equality. Here is the ranking of countries:
Rank
1 Azerbaijan
2 Denmark
3 Japan
4 Sweden
14 Germany
26 South Korea
28 India
31 France
40 Indonesia
52 United Kingdom
73 United States
79 Singapore
83 Hong Kong
89 China
96 Malaysia
123 Mexico
The income disparity in Singapore is worse than UK and USA, but is better than Hong Kong, China and Malaysia.
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