Gini Index

Description

The Gini index is a statistical measure of income or wealth distribution within a population, ranging from 0 (perfect equality) to 1 (perfect inequality). It quantifies the extent of economic inequality, with lower values indicating more equitable distributions and higher values indicating greater disparities.

Mathematically, the Gini index is calculated using the Lorenz curve, which plots the cumulative share of income or wealth held by the bottom x% of the population against the cumulative share of the population. The Gini index is then calculated as the area between the Lorenz curve and the line of perfect equality, divided by the total area under the line of perfect equality.

The Gini index can also be applied to cryptocurrencies to measure the distribution of wealth or coins within a particular cryptocurrency ecosystem. By analyzing the distribution of cryptocurrency holdings among addresses or users, the Gini index can provide insights into the concentration of wealth or coins within the cryptocurrency network.

Gini index metric:

• gini_index - Gini index

Access

Free Access

Measuring Unit

Value between 0 and 1

Data Type

Timeseries Data

Frequency

Daily Intervals

Latency

Price Latency

Available Assets

Available for these assets

SanAPI

Available under name: gini_index

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{
  getMetric(metric: "gini_index"){
    timeseriesData(
      slug: "bitcoin"
      from: "2024-01-01T00:00:00Z"
      to: "2024-02-01T00:00:00Z"
      interval: "1d"){
        datetime
        value
      }
  }
}

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