Palma ratio wid in Latvia

Latvia: Palma ratio wid was 3.21 in 2022. ▲ Rising

Latest (2022)
3.21
Change on year
up 0.0%
World rank
80th
of 113 countries
All-time high
4.13
in 2007
All-time low
1.27
in 1988
Years of data
27
1988–2022

Palma ratio wid in Latvia, 1988–2022

12341988200520221988: 1.31993: 2.21996: 31997: 3.11998: 3.21999: 3.32000: 3.22003: 3.52004: 3.42005: 3.82006: 3.32007: 4.12008: 3.72009: 3.12010: 2.92011: 32012: 3.12013: 3.22014: 3.12015: 32016: 2.92017: 3.32018: 3.22019: 3.22020: 3.22021: 3.22022: 3.2

Source: Our World in Data.

Analysis

The most recent figure for palma ratio wid in Latvia is 3.21, measured in 2022.

That represents a change of up 2.5% over ten years.

Over the whole period, palma ratio wid in Latvia peaked at 4.13 in 2007 and was at its lowest, 1.27, in 1988.

Latvia ranks 80th of 113 countries on this measure, in the middle of the range.

The long-run direction has been consistently rising across the 27 years of available data.

Palma ratio wid in Latvia, year by year

Annual values for Palma ratio wid in Latvia, 1988 to 2022.
Year Value Change
1988 1.27 —
1993 2.24 +76.8%
1996 2.98 +33.2%
1997 3.06 +2.5%
1998 3.22 +5.2%
1999 3.26 +1.3%
2000 3.2 -1.9%
2003 3.46 +8.0%
2004 3.44 -0.5%
2005 3.84 +11.7%
2006 3.27 -14.8%
2007 4.13 +26.1%
2008 3.7 -10.3%
2009 3.13 -15.5%
2010 2.87 -8.2%
2011 3 +4.4%
2012 3.13 +4.6%
2013 3.17 +1.1%
2014 3.09 -2.4%
2015 3.01 -2.7%
2016 2.85 -5.0%
2017 3.27 +14.6%
2018 3.22 -1.6%
2019 3.19 -1.0%
2020 3.19 +0.0%
2021 3.21 +0.8%
2022 3.21 +0.0%

Latvia compared with similar countries

  • Latvia's 3.21 is above the median for high income countries, which is 2.75, 1.2× the median. (45 countries reporting)
  • Latvia's 3.21 is above the median for Europe & Central Asia, which is 2.68, 1.2× the median. (42 countries reporting)

Biggest year-on-year movements

Years where Palma ratio wid in Latvia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.

YearChange FromTo
1993 +76.8% 1.27 2.24

Averages by decade

DecadeAverage LowestHighest Years
1980s 1.27 1.27 1.27 1
1990s 2.95 2.24 3.26 5
2000s 3.52 3.13 4.13 8
2010s 3.08 2.85 3.27 10
2020s 3.2 3.19 3.21 3

Countries ranked near Latvia

  1. 77 South Korea 3.36 compare
  2. 78 Australia 3.33 compare
  3. 79 Albania 3.24 compare
  4. 81 Moldova 3.2 compare
  5. 82 Guinea 3.18 compare
  6. 83 Lithuania 3.11 compare

See the full ranking of 113 places →

More reference data data for Latvia

All data for Latvia →

Frequently asked questions

What is palma ratio wid in Latvia?
Palma ratio wid in Latvia was 3.21 in 2022, according to Our World in Data.
What is the highest palma ratio wid recorded in Latvia?
The highest recorded value was 4.13 in 2007.
What is the lowest palma ratio wid recorded in Latvia?
The lowest recorded value was 1.27 in 1988.
How does Latvia rank for palma ratio wid?
Latvia ranks 80th out of 113 countries with data for 2022.
Is palma ratio wid rising or falling in Latvia?
Over the last ten years it is up 2.5%. The long-run trend across the full record is rising.
Where does this Latvia data come from?
The figures come from Our World in Data, published as part of Palma ratio wid. Statizoid updates them automatically from the source API.

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Palma ratio wid in Latvia. Statizoid, drawing on Our World in Data. Retrieved 14 November 2026, from https://reference.statizoid.com/stat/palma-ratio-wid/latvia/

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About this data

Indicator
Palma ratio wid
Source
Our World in Data
Licence
CC BY 4.0 (Our World in Data)
Coverage
113 places, 3,075 data points, 1820–2024
Last refreshed