Rich­est 20 per­cent tak­ing big­ger slice of pie

Dünya Executive - - OVERVIEW -

The share of in­come of the rich­est 20 per­cent of Turkey’s pop­u­la­tion in 2018 rose 0.2 points from the pre­vi­ous year, the coun­try’s sta­tis­ti­cal author­ity an­nounced Septem­ber 18. The top fifth of in­come dis­tri­bu­tion by equal­ized house­hold dis­pos­able

in­come reached 47.6 per­cent last year, the Turk­ish Sta­tis­ti­cal In­sti­tute (TurkS­tat) said in its in­come and liv­ing con­di­tions sur­vey. The share of the bottom fifth - the poor­est 20 per­cent of the pop­u­la­tion - stood at 6.1 per­cent, down 0.2 points dur­ing the same pe­riod. The Gini co­ef­fi­cient, a mea­sure of in­come in­equal­ity rang­ing be­tween 0 (com­plete equal­ity) to 1 (com­plete in­equal­ity) was es­ti­mated at 0.408 in 2018, ris­ing 0.003 points year-on-year. The sur­vey found that wages and salar­ies held the high­est pro­por­tion of to­tal in­come, at 48.5 per­cent last year, fall­ing

0.4 points from 2017. “This was fol­lowed by so­cial trans­fers at 20.1 per­cent, an in­crease of 0.4 points, and en­tre­pre­neur­ial in­comes at 18.8 per­cent, with a de­crease of 0.8 points com­pared to 2017,” it said.

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