Palma ratio (before tax) in South Korea

South Korea: Palma ratio (before tax) was 3.36 in 2022. ▲ Rising

Latest (2022)
3.36
Change on year
down 1.8%
World rank
77th
of 113 countries
All-time high
3.42
in 2021
All-time low
1.48
in 1996
Years of data
20
1982–2022

Palma ratio (before tax) in South Korea, 1982–2022

01231982200220221982: 2.11991: 1.81996: 1.52000: 1.92007: 2.82008: 2.92009: 2.72010: 32011: 2.92012: 2.82013: 2.62014: 2.72015: 2.82016: 3.22017: 3.42018: 3.32019: 3.32020: 3.32021: 3.42022: 3.4

Source: World Inequality Database (WID.world) (2026) – with major processing by Our World in Data.

Analysis

South Korea recorded 3.36 for palma ratio (before tax) in 2022.

The figure is down 1.8% on the previous year and up 20.4% over ten years.

Over the whole period, palma ratio (before tax) in South Korea peaked at 3.42 in 2021 and was at its lowest, 1.48, in 1996.

South Korea ranks 77th of 113 countries on this measure, in the middle of the range.

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

Averages by decade

DecadeAverage LowestHighest Years
1980s 2.13 2.13 2.13 1
1990s 1.62 1.48 1.76 2
2000s 2.57 1.89 2.87 4
2010s 3 2.64 3.39 10
2020s 3.37 3.34 3.42 3

Countries ranked near South Korea

  1. 74 Canada 3.53 compare
  2. 75 Serbia 3.51 compare
  3. 76 Seychelles 3.45 compare
  4. 78 Australia 3.33 compare
  5. 79 Albania 3.24 compare
  6. 80 Latvia 3.21 compare

See the full ranking of 113 places →

More reference data data for South Korea

All data for South Korea →

Frequently asked questions

What is palma ratio (before tax) in South Korea?
Palma ratio (before tax) in South Korea was 3.36 in 2022, according to World Inequality Database (WID.world) (2026) – with major processing by Our World in Data.
What is the highest palma ratio (before tax) recorded in South Korea?
The highest recorded value was 3.42 in 2021.
What is the lowest palma ratio (before tax) recorded in South Korea?
The lowest recorded value was 1.48 in 1996.
How does South Korea rank for palma ratio (before tax)?
South Korea ranks 77th out of 113 countries with data for 2022.
Is palma ratio (before tax) rising or falling in South Korea?
Over the last ten years it is up 20.4%. The long-run trend across the full record is rising.
Where does this South Korea data come from?
The figures come from World Inequality Database (WID.world) (2026) – with major processing by Our World in Data, published as part of Palma ratio (before tax). Statizoid updates them automatically from the source API.

Download this data

CSV · JSON — 20 observations, free to reuse under CC BY 4.0 (Our World in Data).

About this data

Indicator
Palma ratio (before tax)
Source
World Inequality Database (WID.world) (2026) – with major processing by Our World in Data
Licence
CC BY 4.0 (Our World in Data)
Coverage
113 places, 3,075 data points, 1820–2024
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. Inequality is measured here in terms of income before taxes and benefits.