Indonesia posts improving Gini ratio in September 2018

Source: Xinhua| 2019-01-15 22:18:53|Editor: xuxin
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JAKARTA, Jan. 15 (Xinhua) -- Indonesia has posted improving national Gini ratio to 0.384 in September 2018, or 0.007 point lower than in the corresponding period a year earlier that stood at 0.391, Head of Indonesia's Central Statistics Bureau (BPS) Suhariyanto said here on Tuesday.

The Gini ratio figure in September last year was 0.005 point lower than in March that stood at 0.389, he added.

"Those figures showed that during March to September 2018 period income distribution among people in Indonesia has been improving," Suhariyanto said in his office here.

Gini ratio is a mechanism to measure wealth distribution among residents in a nation, scaled between 0 to 1. The figure closer to 0 leads to better economy with more evenly-distributed income among the people.

The figure was resulted from periodical survey conducted once every 6 months in March and September.

Suhariyanto also said that the nation posted 9.66 percent of poverty rate as of September last year with people remaining living in poverty at 25.67 million from the population.

The poverty ratio figure was improved than in March 2018 that stood at 9.82 percent. The Indonesian government has set target to get poverty rate between 8.5 to 9.5 percent as of 2019.