Income inequality: Palma ratio (after tax) in Mexico
Mexico: Income inequality: Palma ratio (after tax) was 1.72 in 2024. ▼ Falling
Income inequality: Palma ratio (after tax) in Mexico, 1984–2024
Source: Luxembourg Income Study (2026) – with minor processing by Our World in Data.
Analysis
In 2024, income inequality: palma ratio (after tax) in Mexico stood at 1.72. That is the lowest value across all 20 years on record.
The figure is down 7.5% on the previous year and down 33.3% over ten years.
Over the whole period, income inequality: palma ratio (after tax) in Mexico peaked at 3.34 in 1998 and was at its lowest, 1.72, in 2024.
That places Mexico 9th out of 48 countries with data for 2024, putting it in the top quarter.
The long-run direction has been consistently falling across the 20 years of available data.
Income inequality: Palma ratio (after tax) in Mexico, year by year
| Year | Value | Change |
|---|---|---|
| 1984 | 2.23 | — |
| 1989 | 2.69 | +20.6% |
| 1992 | 3.16 | +17.5% |
| 1994 | 3.27 | +3.6% |
| 1996 | 2.97 | -9.2% |
| 1998 | 3.34 | +12.4% |
| 2000 | 3.23 | -3.1% |
| 2002 | 2.8 | -13.3% |
| 2004 | 2.7 | -3.8% |
| 2005 | 2.69 | -0.3% |
| 2006 | 2.5 | -6.9% |
| 2008 | 2.82 | +12.4% |
| 2010 | 2.52 | -10.6% |
| 2012 | 2.67 | +6.0% |
| 2014 | 2.58 | -3.4% |
| 2016 | 2.23 | -13.5% |
| 2018 | 2.13 | -4.2% |
| 2020 | 2.05 | -4.1% |
| 2022 | 1.86 | -9.2% |
| 2024 | 1.72 | -7.5% |
Mexico compared with similar countries
- Mexico's 1.72 is below the median for upper middle income countries, which is 1.99, 86% of the median. (10 countries reporting)
- Mexico's 1.72 is below the median for Latin America & Caribbean, which is 2.46, 70% of the median. (8 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 2.46 | 2.23 | 2.69 | 2 |
| 1990s | 3.19 | 2.97 | 3.34 | 4 |
| 2000s | 2.79 | 2.5 | 3.23 | 6 |
| 2010s | 2.42 | 2.13 | 2.67 | 5 |
| 2020s | 1.88 | 1.72 | 2.05 | 3 |
Countries ranked near Mexico
More economy & growth data for Mexico
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.43 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.06 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps 11.29 billion BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0062 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 85.55 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 43.09 billion BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual -5.25 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0235 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 326.53 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 10.41 % change on previous year (2025)
Frequently asked questions
- What is income inequality: palma ratio (after tax) in Mexico?
- Income inequality: palma ratio (after tax) in Mexico was 1.72 in 2024, 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 Mexico?
- The highest recorded value was 3.34 in 1998.
- What is the lowest income inequality: palma ratio (after tax) recorded in Mexico?
- The lowest recorded value was 1.72 in 2024.
- How does Mexico rank for income inequality: palma ratio (after tax)?
- Mexico ranks 9th out of 48 countries with data for 2024.
- Is income inequality: palma ratio (after tax) rising or falling in Mexico?
- Over the last ten years it is down 33.3%. The long-run trend across the full record is falling.
- Where does this Mexico 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.