Latvia vs Montenegro: Palma ratio
Latvia
1.34
in 2023
Montenegro
1.34
in 2021
Latvia rank
65th
Montenegro rank
63rd
Palma ratio over time
- Latvia
- Montenegro
How they compare
Montenegro currently reports 1.34 against 1.34 in Latvia, a difference of 0.
The two have swapped places 1 time across 10 shared years of data; in 2012 it was Montenegro ahead.
Latvia ranks 65th and Montenegro ranks 63rd of 120 countries.
Across the 2 decades both report, Latvia averaged higher in 1 and Montenegro in 1.
Head to head by decade
| Decade | Latvia | Montenegro | Difference | Ahead |
|---|---|---|---|---|
| 2010s | 1.41 | 1.68 | 0.2727 | Montenegro |
| 2020s | 1.42 | 1.38 | 0.0386 | Latvia |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher palma ratio, Latvia or Montenegro?
- Montenegro, at 1.34 against 1.34 in Latvia as of 2021.
- What is the difference in palma ratio between Latvia and Montenegro?
- 0, with Montenegro ahead.
- How many years of comparable data are there for Latvia and Montenegro?
- 10 years are reported by both, from 2012 to 2021.
- How do Latvia and Montenegro rank globally for palma ratio?
- Latvia ranks 65th and Montenegro ranks 63rd 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.