Palma ratio in Canada

Canada: Palma ratio was 1.19 in 2022. ▬ Flat

Latest (2022)
1.19
Change on year
up 1.5%
World rank
85th
of 120 countries
All-time high
1.56
in 1971
All-time low
1.1
in 2020
Years of data
46
1971–2022

Palma ratio in Canada, 1971–2022

00.511.5197119962022

Source: World Bank Poverty and Inequality Platform (2026) – with major processing by Our World in Data.

Analysis

Canada recorded 1.19 for palma ratio in 2022.

That represents a change of up 1.5% on the previous year and down 9.4% over ten years.

Over the whole period, palma ratio in Canada peaked at 1.56 in 1971 and was at its lowest, 1.1, in 2020.

That places Canada 85th out of 120 countries with data for 2022, putting it in the middle of the range.

Palma ratio in Canada, year by year

Annual values for Palma ratio in Canada, 1971 to 2022.
Year Value Change
1971 1.56
1973 1.38 -11.7%
1975 1.32 -4.4%
1977 1.29 -2.1%
1979 1.28 -1.2%
1981 1.24 -2.5%
1982 1.25 +0.1%
1984 1.29 +3.6%
1985 1.27 -1.4%
1986 1.17 -8.0%
1987 1.17 +0.1%
1988 1.14 -2.6%
1989 1.13 -1.2%
1990 1.15 +2.1%
1991 1.18 +2.7%
1992 1.16 -1.5%
1993 1.17 +0.3%
1994 1.14 -2.1%
1995 1.16 +1.7%
1996 1.26 +8.3%
1997 1.29 +2.2%
1998 1.29 +0.5%
1999 1.28 -1.2%
2000 1.31 +2.4%
2001 1.32 +0.5%
2002 1.31 -0.3%
2003 1.33 +1.5%
2004 1.33 -0.4%
2005 1.32 -0.6%
2006 1.35 +2.6%
2007 1.34 -1.3%
2008 1.34 +0.4%
2009 1.34 +0.0%
2010 1.32 -1.8%
2011 1.25 -5.0%
2012 1.31 +4.5%
2013 1.32 +0.9%
2014 1.29 -2.6%
2015 1.32 +2.9%
2016 1.26 -4.8%
2017 1.3 +3.3%
2018 1.24 -4.5%
2019 1.2 -3.7%
2020 1.1 -8.2%
2021 1.17 +6.5%
2022 1.19 +1.5%

Canada compared with similar countries

  • Canada's 1.19 is below the median for high income countries, which is 1.23, 96% of the median. (42 countries reporting)

Averages by decade

DecadeAverage LowestHighest Years
1970s 1.37 1.28 1.56 5
1980s 1.21 1.13 1.29 8
1990s 1.21 1.14 1.29 10
2000s 1.33 1.31 1.35 10
2010s 1.28 1.2 1.32 10
2020s 1.15 1.1 1.19 3

Countries ranked near Canada

  1. 82 France 1.21 compare
  2. 83 Mauritania 1.21 compare
  3. 84 Malta 1.2 compare
  4. 86 Mongolia 1.19 compare
  5. 87 Austria 1.18 compare
  6. 88 Bangladesh 1.18 compare

See the full ranking of 120 places →

More reference data data for Canada

All data for Canada →

Frequently asked questions

What is palma ratio in Canada?
Palma ratio in Canada was 1.19 in 2022, according to World Bank Poverty and Inequality Platform (2026) – with major processing by Our World in Data.
What is the highest palma ratio recorded in Canada?
The highest recorded value was 1.56 in 1971.
What is the lowest palma ratio recorded in Canada?
The lowest recorded value was 1.1 in 2020.
How does Canada rank for palma ratio?
Canada ranks 85th out of 120 countries with data for 2022.
Is palma ratio rising or falling in Canada?
Over the last ten years it is down 9.4%. The long-run trend across the full record is flat.
Where does this Canada data come from?
The figures come from World Bank Poverty and Inequality Platform (2026) – with major processing by Our World in Data, published as part of Palma ratio. Statizoid updates them automatically from the source API.

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Palma ratio in Canada. Statizoid, drawing on World Bank Poverty and Inequality Platform (2026) – with major processing by Our World in Data. Retrieved 24 September 2026, from https://reference.statizoid.com/stat/palma-ratio-wb/canada/

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About this data

Indicator
Palma ratio
Source
World Bank Poverty and Inequality Platform (2026) – with major processing by Our World in Data
Licence
CC BY 4.0 (Our World in Data)
Coverage
120 places, 2,148 data points, 1963–2025
Last refreshed

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.