South Korea vs Latvia: Palma ratio (before tax)
South Korea
3.36
in 2022
Latvia
3.21
in 2022
South Korea rank
77th
Latvia rank
80th
Palma ratio (before tax) over time
- South Korea
- Latvia
How they compare
South Korea currently reports 3.36 against 3.21 in Latvia, a difference of 0.15.
The two have swapped places 3 times across 18 shared years of data; in 1996 it was Latvia ahead.
South Korea ranks 77th and Latvia ranks 80th of 113 countries.
Across the 4 decades both report, South Korea averaged higher in 1 and Latvia in 3.
Head to head by decade
| Decade | South Korea | Latvia | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 1.48 | 2.98 | 1.51 | Latvia |
| 2000s | 2.57 | 3.54 | 0.9697 | Latvia |
| 2010s | 3 | 3.08 | 0.0786 | Latvia |
| 2020s | 3.37 | 3.2 | 0.1709 | South Korea |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher palma ratio (before tax), South Korea or Latvia?
- South Korea, at 3.36 against 3.21 in Latvia as of 2022.
- What is the difference in palma ratio (before tax) between South Korea and Latvia?
- 0.15, with South Korea ahead.
- How many years of comparable data are there for South Korea and Latvia?
- 18 years are reported by both, from 1996 to 2022.
- How do South Korea and Latvia rank globally for palma ratio (before tax)?
- South Korea ranks 77th and Latvia ranks 80th of 113 countries.
- Where does this data come from?
- World Inequality Database (WID.world) (2026) – with major processing by Our World in Data, published as Palma ratio (before tax). 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. Inequality is measured here in terms of income before taxes and benefits.