The Russian economy is highly dependent on commodities especially the oil and gas industry. The performance of the economy and the equity benchmark RTS index is co-related to the price of the oil. In fact, the oil sector accounted for about 50% of Russia’s exports of goods and services in 2013 and provided 45% of …
The following chart shows the ratio of the average income of the richest 10% to the poorest 10% in OECD countries based on the latest data available: Click to enlarge Source: OECD Income inequality is the highest in Mexico followed by Chile. However these are emerging countries. Among the developed countries, the U.S. has the highest …
Continue reading ‘Comparing Income Inequality Among OECD Countries’ »