Income inequality in Turkey continues to grow: Richest 5 percent have 25 times higher income than poorest section

The share of total income received by the richest 5 percent of the population in Turkey is reported as being 24.8 times higher than the share of the poorest
Wednesday, 18 September 2019 11:38

TurkStat announced the 2018 income distribution data. According to the data, while the poor became even more impoverished in 2018, 20 percent of the population receiving the largest share of income increased their income again compared to last year.

The share of the highest 20 percental income in tot increased by 0.2 percentage points to 47.6 percent, while the share of the lowest 20 percent, compared to the previous year, decreased by 0.2 points to 6.1 percent.

While TurkStat announces in the press release the poorest and richest 20 percent, the details of the data reveal a more striking picture of income inequality.

Accordingly, the share of the richest 5 percent of the population from total income is 22.4 percent. This share was 20.5 five years ago. 

The share of the poorest 5 percent of the population in total income is only 0.9. This share was 0.9 percent last year and it was again 0.9 five years ago.

The ratio of the richest segment to the poorest segment's income rises to 24.8, according to the data.