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Decreased by 2.4 percentage points since 2015 | TheGreekDeal.com
Economic inequality
Decreased by 2.4 percentage points since 2015
The Hellenic Statistical Authority announced that economic inequality has decreased since the economic crisis.
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Economic inequality in Greece has decreased by 2.4 percentage points since 2015 (34.2% in 2015), according to the 2023 household income and living conditions survey, with the reference period of income in 2022, by Hellenic Statistical Authority (ΕLSTAT).

At the same time, the Gini coefficient was estimated at 31.8% in 2023, an increase of 0.4 percentage points compared to 2022. The above rate is interpreted as follows: if we select two random individuals in the population, we expect their income to differ by 31.8% of the average equivalent disposable income. Additionally, the data on the income distribution in quartiles expresses the proportion of the total national equivalent income that each of the four (equal) segments of the population holds. Specifically, if we rank the individuals in the population in ascending order by their income (from lowest to highest) and then divide the population into four equal parts (based on the total number of individuals), the following results are obtained:

1. 25% of the population in the 1st quartile, with the lowest income, holds 10.4% of the total national disposable income equivalent, an increase of 0.1 percentage points compared to 2022.

2. 25% of the population in the 4th quartile, with the highest income, holds 45.7% of the total national disposable income equivalent, an increase of 0.4 percentage points compared to 2022.

3. 50% of the population in the 2nd and 3rd quartiles, with middle incomes, hold 44% of national disposable income, down 0.4 percentage points from 2022.

4. The highest individual annual equivalent income for the 1st quartile is EUR 7 030.

5. The lowest individual annual income equivalent for the 4th quartile is EUR 13 850.

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