The World Inequality Report 2022 has been released by the Paris-based World Inequality Lab.Which of the following is the most unequal region in the world ?

The World Inequality Report 2022 has been released by the Paris-based World Inequality Lab.Which of the following is the most unequal region in the world ? Correct Answer Middle East and North Africa

The correct answer is Middle East and North Africa​.

Key Points

• The World Inequality Report 2022 has been released by the Paris-based World Inequality Lab.
• It pegged India to be among the most unequal countries in the world.
• While the bottom half of the population in India earns Rs 53,610, the top 10% earns twenty times more at Rs 11,66,520.
• MENA (Middle East and North Africa) are the most unequal region in the world and Europe has the lowest inequality levels.

Important Points

•  The report is authored by Lucas Chancel and coordinated by Thomas Piketty among others.
• As per the report, the richest 10% of the global population currently takes 52% of global income, whereas the poorest half of the population earns 8% of it.
• The poorest half of the global population barely owns any wealth at all, possessing just 2% of the total.
• In contrast, the richest 10% of the global population own 76% of all wealth.
• The private wealth increase seen in India over this time is also remarkable which is up from 290% in 1980 to 560% in 2020.
• Between 2021 and 2019, the wealth of the top 0.001% grew by 14%, while average global wealth is estimated to have risen by just 1%.
• The global billionaire wealth increased by more than 50% between 2019 and 2021.