What is the difference in income inequality: palma ratio (after tax) between Australia and Republic of Korea?

0.03, with Republic of Korea ahead.

How many years of comparable data are there for Australia and Republic of Korea?

6 years are reported by both, from 2008 to 2020.

Where does this data come from?

Luxembourg Income Study (2026) – with minor processing by Our World in Data, published as Income inequality: Palma ratio (after tax). Statizoid refreshes it automatically from the source and publishes the full history for both places.

Australia vs Republic of Korea: Income inequality: Palma ratio (after tax)

Australia

1.24

in 2020

Republic of Korea

1.27

in 2021

Australia rank

20th

Republic of Korea rank

18th

Income inequality: Palma ratio (after tax) over time

Australia
Republic of Korea

How they compare

Republic of Korea currently reports 1.27 against 1.24 in Australia, a difference of 0.03.

The two have swapped places 1 time across 6 shared years of data; in 2008 it was Australia ahead.

Australia ranks 20th and Republic of Korea ranks 18th of 48 countries.

Across the 3 decades both report, Australia averaged higher in 2 and Republic of Korea in 1.

Head to head by decade

Decade	Australia	Republic of Korea	Difference	Ahead
2000s	1.32	1.14	0.1833	Australia
2010s	1.28	1.24	0.0378	Australia
2020s	1.24	1.27	0.0319	Republic of Korea

Averages of every year both report within each decade.

Frequently asked questions

Which has higher income inequality: palma ratio (after tax), Australia or Republic of Korea?: Republic of Korea, at 1.27 against 1.24 in Australia as of 2021.
What is the difference in income inequality: palma ratio (after tax) between Australia and Republic of Korea?: 0.03, with Republic of Korea ahead.
How many years of comparable data are there for Australia and Republic of Korea?: 6 years are reported by both, from 2008 to 2020.
How do Australia and Republic of Korea rank globally for income inequality: palma ratio (after tax)?: Australia ranks 20th and Republic of Korea ranks 18th of 48 countries.
Where does this data come from?: Luxembourg Income Study (2026) – with minor processing by Our World in Data, published as Income inequality: Palma ratio (after tax). Statizoid refreshes it automatically from the source and publishes the full history for both places.

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Australia vs Republic of Korea: Income inequality: Palma ratio (after tax). Statizoid, drawing on Luxembourg Income Study (2026) – with minor processing by Our World in Data. Retrieved 30 August 2026, from https://economy.statizoid.com/compare/palma-ratio-after-tax-lis/australia/korea-rep/

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About this data

Indicator: Income inequality: Palma ratio (after tax)
Source: Luxembourg Income Study (2026) – with minor processing by Our World in Data
Licence: CC BY 4.0 (Our World in Data)
Coverage: 48 places, 1,046 data points, 1963–2024
Last refreshed: 28 August 2026

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 after taxes and benefits.