Greece vs Iceland: Total factor productivity
Greece
1.04
in 2023
Iceland
1.04
in 2023
Greece rank
16th
Iceland rank
14th
Total factor productivity over time
- Greece
- Iceland
How they compare
Iceland currently reports 1.04 against 1.04 in Greece, a difference of 0.
The two have swapped places 5 times across 69 shared years of data; in 1955 it was Greece ahead.
Greece ranks 16th and Iceland ranks 14th of 120 countries.
Greece has averaged higher in every one of the 8 decades both report.
Head to head by decade
| Decade | Greece | Iceland | Difference | Ahead |
|---|---|---|---|---|
| 1950s | 0.6997 | 0.5433 | 0.1564 | Greece |
| 1960s | 0.9792 | 0.6065 | 0.3728 | Greece |
| 1970s | 1.35 | 0.7311 | 0.6172 | Greece |
| 1980s | 1.21 | 0.8228 | 0.3889 | Greece |
| 1990s | 1.14 | 0.8203 | 0.3189 | Greece |
| 2000s | 1.23 | 0.8864 | 0.347 | Greece |
| 2010s | 1.02 | 0.9617 | 0.063 | Greece |
| 2020s | 1.01 | 1.01 | 0.0046 | Greece |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher total factor productivity, Greece or Iceland?
- Iceland, at 1.04 against 1.04 in Greece as of 2023.
- What is the difference in total factor productivity between Greece and Iceland?
- 0, with Iceland ahead.
- How many years of comparable data are there for Greece and Iceland?
- 69 years are reported by both, from 1955 to 2023.
- How do Greece and Iceland rank globally for total factor productivity?
- Greece ranks 16th and Iceland ranks 14th of 120 countries.
- Where does this data come from?
- Feenstra et al. – Penn World Table (2025) – with major processing by Our World in Data, published as Total factor productivity. Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
This is the level of total factor productivity, relative to each country's value in 2021 (which is set to 1). This data is adjusted for inflation and differences in living costs between countries.