The Visegrad Group (V4), which includes Czechia, Hungary, Poland, and Slovakia, offers a unique perspective on income inequality in Central Europe.
Gini Index
The Gini Index is a widely used measure of income inequality within a country. It is expressed on a scale from 0 to 100, where:
- 0 represents perfect equality, meaning everyone in the society has the same income.
- 100 represents perfect inequality, where all wealth is concentrated in the hands of a single individual or group.
