Income Inequality and the Tax System in Chile

Chile’s income inequality is very high by international standards. In a sample of 155 countries gathered by the World Bank, Chile ranks as the 18th most unequal country, and it is by far the most unequal economy in the Organization for Economic Cooperation and Development (OECD). Not only is inequality high, but it has been persistent over time, with a stagnant Gini coefficient of around 0.52 for the last 25 years.