June 21, 2024
København, Denmark

Inequality in Denmark skyrocketing

According to official data, inequality is at the highest level ever measured in Denmark.

According to the national statistics agency, inequality in Denmark has been at its highest since records began.

Figures released by Statistics Denmark on Thursday show that the country’s Gini coefficient is over 30 for the first time since records began in 1997.

The Gini coefficient is a measure used to represent income or wealth inequality within a nation or a defined social group.

Denmark’s government has a declared target of reducing social inequality, but that does not appear to have impacted the coefficient.

According to Statistics Denmark, the figure increased from 29.7 in 2020 to 30.2 in 2021.

The trend can be put down to an increase in personal fortunes, which increased the measure by 0.4 points in isolation.

The extraordinary growth in the Danish stock market in early 2021 is an additional factor.

According to the principles behind the coefficient, its value would be 0 if everyone in society had the same income and 100 if one person received all gains.

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