Intercountry inequalities in income and ‘index of net social progress’: Evidence from recent data

Abstract

Intercountry income inequality is computed from real GDP data that became available recently from phase IV of International Comparisons Project. Similar inequality measures are also calculated for ‘index of net social progress’ proposed by Estes (1983) and for conventional GNP per capita. Although the three indicators are strongly and positively correlated, intercountry inequality indices derived from these are rather dramatically different.