Australia vs Latvia: Palma ratio
Australia
1.33
in 2020
Latvia
1.34
in 2023
Australia rank
67th
Latvia rank
65th
Palma ratio over time
- Australia
- Latvia
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 67th and Latvia ranks 65th 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, Australia or Latvia?
- Latvia, at 1.34 against 1.33 in Australia as of 2023.
- What is the difference in palma ratio 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?
- Australia ranks 67th and Latvia ranks 65th of 120 countries.
- Where does this data come from?
- World Bank Poverty and Inequality Platform (2026) – with major processing by Our World in Data, published as Palma ratio. Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
The Palma ratio is a measure of inequality that divides the share received by the richest 10% by the share of the poorest 40%. Higher values indicate higher inequality.