Australia vs Latvia: Palma ratio wb

Australia
1.33
in 2020
Latvia
1.34
in 2023
Australia rank
66th
Latvia rank
64th

Palma ratio wb over time

  • Australia
  • Latvia
00.511.5198120022023

How they compare

Latvia currently reports 1.34 against 1.33 in Australia, a difference of 0.01.

The two have swapped places 1 time across 8 shared years of data; in 1995 it was Australia ahead.

Australia ranks 66th and Latvia ranks 64th of 120 countries.

Across the 4 decades both report, Australia averaged higher in 1 and Latvia in 3.

Head to head by decade

Decade Australia Latvia Difference Ahead
1990s 1.23 1.18 0.0491 Australia
2000s 1.36 1.55 0.1887 Latvia
2010s 1.36 1.4 0.0402 Latvia
2020s 1.33 1.48 0.1505 Latvia

Averages of every year both report within each decade.

Frequently asked questions

Which has higher palma ratio wb, Australia or Latvia?
Latvia, at 1.34 against 1.33 in Australia as of 2023.
What is the difference in palma ratio wb between Australia and Latvia?
0.01, with Latvia ahead.
How many years of comparable data are there for Australia and Latvia?
8 years are reported by both, from 1995 to 2020.
How do Australia and Latvia rank globally for palma ratio wb?
Australia ranks 66th and Latvia ranks 64th of 120 countries.
Where does this data come from?
Our World in Data, published as Palma ratio wb. Statizoid refreshes it automatically from the source and publishes the full history for both places.

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Australia vs Latvia: Palma ratio wb. Statizoid, drawing on Our World in Data. Retrieved 14 November 2026, from https://reference.statizoid.com/compare/palma-ratio-wb/australia/latvia/

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About this data

Indicator
Palma ratio wb
Source
Our World in Data
Licence
CC BY 4.0 (Our World in Data)
Coverage
120 places, 2,152 data points, 1963–2025
Last refreshed