Palma ratio in Philippines

Philippines: Palma ratio was 1.46 in 2023. ▼ Falling

Latest (2023)
1.46
Change on year
down 9.5%
World rank
51st
of 120 countries
All-time high
2.53
in 1997
All-time low
1.46
in 2023
Years of data
14
1985–2023

Palma ratio in Philippines, 1985–2023

01231985200420231985: 21988: 1.91991: 2.31994: 2.21997: 2.52000: 2.12003: 22006: 2.12009: 22012: 2.12015: 1.92018: 1.72021: 1.62023: 1.5

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 Philippines is 1.46, measured in 2023. That is the lowest value across all 14 years on record.

The figure is down 9.5% on the previous year and down 29.9% over ten years.

Over the whole period, palma ratio in Philippines peaked at 2.53 in 1997 and was at its lowest, 1.46, in 2023.

Philippines ranks 51st of 120 countries on this measure, in the middle of the range.

The long-run direction has been consistently falling across the 14 years of available data.

Averages by decade

DecadeAverage LowestHighest Years
1980s 1.95 1.92 1.98 2
1990s 2.33 2.17 2.53 3
2000s 2.08 2 2.14 4
2010s 1.87 1.66 2.08 3
2020s 1.53 1.46 1.61 2

Countries ranked near Philippines

  1. 48 Iran 1.5 compare
  2. 49 Mali 1.48 compare
  3. 50 Lithuania 1.48 compare
  4. 52 Cote d'Ivoire 1.45 compare
  5. 53 Laos 1.43 compare
  6. 54 Indonesia 1.42 compare

See the full ranking of 120 places →

More reference data data for Philippines

All data for Philippines →

Frequently asked questions

What is palma ratio in Philippines?
Palma ratio in Philippines was 1.46 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 Philippines?
The highest recorded value was 2.53 in 1997.
What is the lowest palma ratio recorded in Philippines?
The lowest recorded value was 1.46 in 2023.
How does Philippines rank for palma ratio?
Philippines ranks 51st out of 120 countries with data for 2023.
Is palma ratio rising or falling in Philippines?
Over the last ten years it is down 29.9%. The long-run trend across the full record is falling.
Where does this Philippines 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 — 14 observations, free to reuse under CC BY 4.0 (Our World in Data).

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.