Palma ratio in Mexico

Mexico: Palma ratio was 2.14 in 2024. ▼ Falling

Latest (2024)
2.14
Change on year
down 4.2%
World rank
19th
of 120 countries
All-time high
3.91
in 1998
All-time low
2.14
in 2024
Years of data
20
1984–2024

Palma ratio in Mexico, 1984–2024

012341984200420241984: 31989: 3.21992: 3.61994: 3.91996: 3.61998: 3.92000: 3.92002: 3.32004: 3.22005: 3.42006: 3.12008: 3.42010: 2.82012: 3.12014: 32016: 2.72018: 2.52020: 2.42022: 2.22024: 2.1

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

Analysis

The most recent figure for palma ratio in Mexico is 2.14, measured in 2024. That is the lowest value across all 20 years on record.

That represents a change of down 4.2% on the previous year and down 28.1% over ten years.

Over the whole period, palma ratio in Mexico peaked at 3.91 in 1998 and was at its lowest, 2.14, in 2024.

That places Mexico 19th out of 120 countries with data for 2024, putting it in the top quarter.

The long-run direction has been consistently falling across the 20 years of available data.

Palma ratio in Mexico, year by year

Annual values for Palma ratio in Mexico, 1984 to 2024.
Year Value Change
1984 2.96
1989 3.19 +7.7%
1992 3.6 +13.0%
1994 3.88 +7.8%
1996 3.58 -7.8%
1998 3.91 +9.2%
2000 3.91 -0.0%
2002 3.31 -15.2%
2004 3.23 -2.6%
2005 3.37 +4.4%
2006 3.13 -7.0%
2008 3.36 +7.1%
2010 2.8 -16.7%
2012 3.11 +11.1%
2014 2.97 -4.3%
2016 2.67 -10.1%
2018 2.53 -5.2%
2020 2.37 -6.5%
2022 2.23 -5.9%
2024 2.14 -4.2%

Mexico compared with similar countries

  • Mexico's 2.14 is above the median for upper middle income countries, which is 1.5, 1.4× the median. (35 countries reporting)
  • Mexico's 2.14 is below the median for Latin America & Caribbean, which is 2.37, 90% of the median. (18 countries reporting)

Averages by decade

DecadeAverage LowestHighest Years
1980s 3.07 2.96 3.19 2
1990s 3.74 3.58 3.91 4
2000s 3.38 3.13 3.91 6
2010s 2.82 2.53 3.11 5
2020s 2.24 2.14 2.37 3

Countries ranked near Mexico

  1. 16 Ghana 2.25 compare
  2. 17 Chile 2.18 compare
  3. 18 Uganda 2.14 compare
  4. 20 Cameroon 2.08 compare
  5. 21 United States 2.03 compare
  6. 22 Bolivia 1.94 compare

See the full ranking of 120 places →

More reference data data for Mexico

All data for Mexico →

Frequently asked questions

What is palma ratio in Mexico?
Palma ratio in Mexico was 2.14 in 2024, 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 Mexico?
The highest recorded value was 3.91 in 1998.
What is the lowest palma ratio recorded in Mexico?
The lowest recorded value was 2.14 in 2024.
How does Mexico rank for palma ratio?
Mexico ranks 19th out of 120 countries with data for 2024.
Is palma ratio rising or falling in Mexico?
Over the last ten years it is down 28.1%. The long-run trend across the full record is falling.
Where does this Mexico 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 Mexico. 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/mexico/

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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.