Iceland vs Norway: Income inequality: Palma ratio (after tax)
Iceland
0.8776
in 2017
Norway
0.8924
in 2022
Iceland rank
45th
Norway rank
43rd
Income inequality: Palma ratio (after tax) over time
- Iceland
- Norway
How they compare
Norway currently reports 0.8924 against 0.8776 in Iceland, a difference of 0.0148.
Across all 5 years both countries report, Iceland has been ahead every year.
Iceland ranks 45th and Norway ranks 43rd of 48 countries.
Iceland has averaged higher in every one of the 2 decades both report.
Head to head by decade
| Decade | Iceland | Norway | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 1.03 | 0.88 | 0.1496 | Iceland |
| 2010s | 0.9119 | 0.8596 | 0.0523 | Iceland |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher income inequality: palma ratio (after tax), Iceland or Norway?
- Norway, at 0.8924 against 0.8776 in Iceland as of 2022.
- What is the difference in income inequality: palma ratio (after tax) between Iceland and Norway?
- 0.0148, with Norway ahead.
- How many years of comparable data are there for Iceland and Norway?
- 5 years are reported by both, from 2004 to 2016.
- How do Iceland and Norway rank globally for income inequality: palma ratio (after tax)?
- Iceland ranks 45th and Norway ranks 43rd 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.
Individual pages
About this data
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.