Palma ratio wb in Estonia

Estonia: Palma ratio wb was 1.11 in 2023. ▼ Falling

Latest (2023)
1.11
Change on year
down 8.2%
World rank
92nd
of 120 countries
All-time high
1.82
in 1993
All-time low
1.08
in 2018
Years of data
22
1993–2023

Palma ratio wb in Estonia, 1993–2023

00.511.521993200820231993: 1.82003: 1.62004: 1.32005: 1.32006: 1.32007: 1.12008: 1.22009: 1.22010: 1.22011: 1.22012: 1.22013: 1.42014: 1.42015: 1.22016: 1.12017: 1.12018: 1.12019: 1.12020: 1.12021: 1.22022: 1.22023: 1.1

Source: Our World in Data.

Analysis

The most recent figure for palma ratio wb in Estonia is 1.11, measured in 2023.

Compared with earlier readings it is down 8.2% on the previous year and down 20.2% over ten years.

Over the whole period, palma ratio wb in Estonia peaked at 1.82 in 1993 and was at its lowest, 1.08, in 2018.

That places Estonia 92nd out of 120 countries with data for 2023, putting it in the bottom quarter.

The long-run direction has been consistently falling across the 22 years of available data.

Palma ratio wb in Estonia, year by year

Annual values for Palma ratio wb in Estonia, 1993 to 2023.
Year Value Change
1993 1.82 —
2003 1.57 -14.0%
2004 1.3 -17.1%
2005 1.3 -0.2%
2006 1.33 +2.6%
2007 1.14 -14.1%
2008 1.2 +4.9%
2009 1.17 -2.8%
2010 1.19 +1.7%
2011 1.22 +2.4%
2012 1.25 +2.5%
2013 1.4 +12.1%
2014 1.36 -2.4%
2015 1.22 -10.6%
2016 1.12 -7.8%
2017 1.08 -4.3%
2018 1.08 -0.0%
2019 1.11 +3.6%
2020 1.11 -0.1%
2021 1.19 +7.2%
2022 1.21 +1.7%
2023 1.11 -8.2%

Estonia compared with similar countries

  • Estonia's 1.11 is below the median for high income countries, which is 1.23, 91% of the median. (42 countries reporting)
  • Estonia's 1.11 is below the median for Europe & Central Asia, which is 1.13, 99% of the median. (47 countries reporting)

Averages by decade

DecadeAverage LowestHighest Years
1990s 1.82 1.82 1.82 1
2000s 1.29 1.14 1.57 7
2010s 1.2 1.08 1.4 10
2020s 1.16 1.11 1.21 4

Countries ranked near Estonia

  1. 89 Ethiopia 1.17 compare
  2. 90 Hungary 1.13 compare
  3. 91 Denmark 1.13 compare
  4. 93 Bosnia and Herzegovina 1.11 compare
  5. 94 Nepal 1.11 compare
  6. 95 Croatia 1.1 compare

See the full ranking of 120 places →

More reference data data for Estonia

All data for Estonia →

Frequently asked questions

What is palma ratio wb in Estonia?
Palma ratio wb in Estonia was 1.11 in 2023, according to Our World in Data.
What is the highest palma ratio wb recorded in Estonia?
The highest recorded value was 1.82 in 1993.
What is the lowest palma ratio wb recorded in Estonia?
The lowest recorded value was 1.08 in 2018.
How does Estonia rank for palma ratio wb?
Estonia ranks 92nd out of 120 countries with data for 2023.
Is palma ratio wb rising or falling in Estonia?
Over the last ten years it is down 20.2%. The long-run trend across the full record is falling.
Where does this Estonia data come from?
The figures come from Our World in Data, published as part of Palma ratio wb. Statizoid updates them automatically from the source API.

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Palma ratio wb in Estonia. Statizoid, drawing on Our World in Data. Retrieved 14 November 2026, from https://reference.statizoid.com/stat/palma-ratio-wb/estonia/

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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