Palma ratio in Nigeria

Nigeria: Palma ratio was 1.35 in 2022. ▼ Falling

Latest (2022)
1.35
World rank
61st
of 120 countries
All-time high
3.57
in 1996
All-time low
1.35
in 2022
Years of data
9
1985–2022

Palma ratio in Nigeria, 1985–2022

012341985200320221985: 1.71992: 2.41996: 3.62003: 1.92010: 1.52012: 1.42015: 1.52018: 1.42022: 1.3

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 Nigeria is 1.35, measured in 2022. That is the lowest value across all 9 years on record.

The figure is down 6.9% over ten years.

Over the whole period, palma ratio in Nigeria peaked at 3.57 in 1996 and was at its lowest, 1.35, in 2022.

That places Nigeria 61st out of 120 countries with data for 2022, putting it in the middle of the range.

Averages by decade

DecadeAverage LowestHighest Years
1980s 1.72 1.72 1.72 1
1990s 2.99 2.42 3.57 2
2000s 1.86 1.86 1.86 1
2010s 1.45 1.43 1.47 4
2020s 1.35 1.35 1.35 1

Countries ranked near Nigeria

  1. 58 Jordan 1.35 compare
  2. 59 Tunisia 1.35 compare
  3. 60 Pakistan 1.35 compare
  4. 62 Switzerland 1.34 compare
  5. 63 Montenegro 1.34 compare
  6. 64 Georgia 1.34 compare

See the full ranking of 120 places →

More reference data data for Nigeria

All data for Nigeria →

Frequently asked questions

What is palma ratio in Nigeria?
Palma ratio in Nigeria was 1.35 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 Nigeria?
The highest recorded value was 3.57 in 1996.
What is the lowest palma ratio recorded in Nigeria?
The lowest recorded value was 1.35 in 2022.
How does Nigeria rank for palma ratio?
Nigeria ranks 61st out of 120 countries with data for 2022.
Is palma ratio rising or falling in Nigeria?
Over the last ten years it is down 6.9%. The long-run trend across the full record is falling.
Where does this Nigeria 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

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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.