Income inequality: Palma ratio (after tax) in Greece
Greece: Income inequality: Palma ratio (after tax) was 1.15 in 2021. ▼ Falling
Income inequality: Palma ratio (after tax) in Greece, 1995–2021
Source: Luxembourg Income Study (2026) – with minor processing by Our World in Data.
Analysis
Greece recorded 1.15 for income inequality: palma ratio (after tax) in 2021.
That represents a change of down 3.0% on the previous year and down 7.1% over ten years.
Over the whole period, income inequality: palma ratio (after tax) in Greece peaked at 1.41 in 1995 and was at its lowest, 1.09, in 2018.
Greece ranks 26th of 48 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 22 years of available data.
Income inequality: Palma ratio (after tax) in Greece, year by year
| Year | Value | Change |
|---|---|---|
| 1995 | 1.41 | — |
| 2000 | 1.32 | -6.2% |
| 2002 | 1.36 | +3.0% |
| 2003 | 1.2 | -11.6% |
| 2004 | 1.27 | +5.5% |
| 2005 | 1.36 | +7.5% |
| 2006 | 1.27 | -6.6% |
| 2007 | 1.22 | -4.2% |
| 2008 | 1.27 | +3.9% |
| 2009 | 1.24 | -2.6% |
| 2010 | 1.22 | -1.2% |
| 2011 | 1.23 | +1.0% |
| 2012 | 1.27 | +3.4% |
| 2013 | 1.34 | +5.4% |
| 2014 | 1.28 | -4.5% |
| 2015 | 1.32 | +2.7% |
| 2016 | 1.28 | -2.5% |
| 2017 | 1.2 | -6.3% |
| 2018 | 1.09 | -9.2% |
| 2019 | 1.14 | +4.2% |
| 2020 | 1.18 | +3.9% |
| 2021 | 1.15 | -3.0% |
Greece compared with similar countries
- Greece's 1.15 is above the median for high income countries, which is 1.09, 1.0× the median. (36 countries reporting)
- Greece's 1.15 is above the median for Europe & Central Asia, which is 1.04, 1.1× the median. (29 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1.41 | 1.41 | 1.41 | 1 |
| 2000s | 1.28 | 1.2 | 1.36 | 9 |
| 2010s | 1.24 | 1.09 | 1.34 | 10 |
| 2020s | 1.16 | 1.15 | 1.18 | 2 |
Countries ranked near Greece
More economy & growth data for Greece
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.67 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 1.25 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps 2.22 billion BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0087 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 213.34 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 6.74 billion BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual 42.78 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0263 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 647.98 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate 57.98 % change on previous year (2025)
Frequently asked questions
- What is income inequality: palma ratio (after tax) in Greece?
- Income inequality: palma ratio (after tax) in Greece was 1.15 in 2021, according to Luxembourg Income Study (2026) – with minor processing by Our World in Data.
- What is the highest income inequality: palma ratio (after tax) recorded in Greece?
- The highest recorded value was 1.41 in 1995.
- What is the lowest income inequality: palma ratio (after tax) recorded in Greece?
- The lowest recorded value was 1.09 in 2018.
- How does Greece rank for income inequality: palma ratio (after tax)?
- Greece ranks 26th out of 48 countries with data for 2021.
- Is income inequality: palma ratio (after tax) rising or falling in Greece?
- Over the last ten years it is down 7.1%. The long-run trend across the full record is falling.
- Where does this Greece data come from?
- The figures come from Luxembourg Income Study (2026) – with minor processing by Our World in Data, published as part of Income inequality: Palma ratio (after tax). Statizoid updates them automatically from the source API.
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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.