Palma ratio in Latvia
Latvia: Palma ratio was 1.34 in 2023. ▲ Rising
Palma ratio in Latvia, 1993–2023
Source: World Bank Poverty and Inequality Platform (2026) – with major processing by Our World in Data.
Analysis
Latvia recorded 1.34 for palma ratio in 2023.
The figure is up 1.6% on the previous year and down 6.5% over ten years.
Over the whole period, palma ratio in Latvia peaked at 1.75 in 2005 and was at its lowest, 0.9515, in 1993.
Latvia ranks 65th of 120 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 23 years of available data.
Palma ratio in Latvia, year by year
| Year | Value | Change |
|---|---|---|
| 1993 | 0.9515 | — |
| 1995 | 1.18 | +24.0% |
| 1996 | 1.22 | +3.2% |
| 2004 | 1.52 | +24.7% |
| 2005 | 1.75 | +15.0% |
| 2006 | 1.44 | -17.4% |
| 2007 | 1.62 | +12.6% |
| 2008 | 1.59 | -2.2% |
| 2009 | 1.47 | -7.5% |
| 2010 | 1.42 | -3.2% |
| 2011 | 1.47 | +3.7% |
| 2012 | 1.42 | -3.6% |
| 2013 | 1.43 | +1.0% |
| 2014 | 1.41 | -1.6% |
| 2015 | 1.35 | -4.2% |
| 2016 | 1.35 | +0.0% |
| 2017 | 1.46 | +8.0% |
| 2018 | 1.43 | -2.3% |
| 2019 | 1.38 | -3.3% |
| 2020 | 1.48 | +7.0% |
| 2021 | 1.36 | -7.6% |
| 2022 | 1.32 | -3.2% |
| 2023 | 1.34 | +1.6% |
Latvia compared with similar countries
- Latvia's 1.34 is above the median for high income countries, which is 1.23, 1.1× the median. (42 countries reporting)
- Latvia's 1.34 is above the median for Europe & Central Asia, which is 1.13, 1.2× the median. (47 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1.12 | 0.9515 | 1.22 | 3 |
| 2000s | 1.56 | 1.44 | 1.75 | 6 |
| 2010s | 1.41 | 1.35 | 1.47 | 10 |
| 2020s | 1.38 | 1.32 | 1.48 | 4 |
Countries ranked near Latvia
More reference data data for Latvia
- Emission Totals - Indirect emissions (N2O) - Manure applied to Soils 0.128 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure left on Pasture 0.0503 (2050)
- Emission Totals - Indirect emissions (N2O) - IPCC Agriculture 0.4657 (2050)
- Emission Totals - Indirect emissions (N2O) - Crop Residues 0.0673 (2050)
- Emission Totals - Indirect emissions (N2O) - Agricultural Soils 0.4657 (2050)
- Emission Totals - Emissions (N2O) - Manure applied to Soils 0.4291 (2050)
- Emission Totals - Emissions (N2O) - Manure Management 0.2986 (2050)
- Emission Totals - Emissions (N2O) - Manure left on Pasture 0.2679 (2050)
- Emission Totals - Emissions (N2O) - IPCC Agriculture 2.27 (2050)
- Emission Totals - Emissions (N2O) - Crop Residues 0.3666 (2050)
Frequently asked questions
- What is palma ratio in Latvia?
- Palma ratio in Latvia was 1.34 in 2023, 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 Latvia?
- The highest recorded value was 1.75 in 2005.
- What is the lowest palma ratio recorded in Latvia?
- The lowest recorded value was 0.9515 in 1993.
- How does Latvia rank for palma ratio?
- Latvia ranks 65th out of 120 countries with data for 2023.
- Is palma ratio rising or falling in Latvia?
- Over the last ten years it is down 6.5%. The long-run trend across the full record is rising.
- Where does this Latvia 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.
Download this data
CSV · JSON — 23 observations, free to reuse under CC BY 4.0 (Our World in Data).
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.