Total factor productivity by country

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.

Countries reporting
117
Highest
2.95
Venezuela
Lowest
0.7604
Ukraine
Median
0.9938
Years covered
70
1954–2023
Data points
6,892

What the numbers show

Total factor productivity is currently reported for 117 countries. The highest value is 2.95 in Venezuela; the lowest is 0.7604 in Ukraine.

The median across all reporting countries is 0.9938, and the mean is 1.01.

The gap between the highest and lowest reporting country is a factor of about 4.

Over the past decade 53 countries rose and 64 fell. The largest increase was in Tajikistan (up 75.7%), and the largest decrease in Macao (down 53.0%).

Total factor productivity: full country ranking

#Country LatestYear 10-year changeTrend
1 Venezuela 2.95 2014 down 0.3% falling
2 Macao 1.37 2023 down 53.0% falling
3 Fiji 1.21 2023 down 0.4% falling
4 Barbados 1.18 2023 down 0.5% falling
5 Armenia 1.11 2023 up 33.6% rising
6 Tajikistan 1.11 2023 up 75.7% volatile
7 Zambia 1.06 2023 down 17.4% rising
8 Iran 1.06 2023 up 13.0% volatile
9 Mauritania 1.06 2023 up 7.9% falling
10 Panama 1.06 2023 down 17.5% falling
11 Trinidad and Tobago 1.05 2023 down 29.8% rising
12 Niger 1.05 2023 up 9.4% falling
13 Croatia 1.04 2023 up 2.1% flat
14 Iceland 1.04 2023 up 9.3% rising
15 Malaysia 1.04 2023 up 1.7% falling
16 Greece 1.04 2023 up 5.2% rising
17 Ecuador 1.04 2023 down 0.6% rising
18 Togo 1.04 2023 up 6.6% rising
19 Spain 1.04 2023 up 0.6% rising
20 Bulgaria 1.04 2023 up 7.9% falling
21 Costa Rica 1.03 2023 up 9.3% falling
22 Portugal 1.03 2023 up 0.9% flat
23 Cyprus 1.03 2023 up 13.7% rising
24 Mauritius 1.03 2023 down 0.5% rising
25 Honduras 1.03 2023 up 1.7% falling
26 Tunisia 1.02 2023 down 5.1% rising
27 Albania 1.02 2023 up 1.9% rising
28 Mongolia 1.02 2023 up 19.2% rising
29 China 1.01 2023 up 25.0% volatile
30 Poland 1.01 2023 up 8.7% rising
31 Kyrgyzstan 1.01 2023 down 8.9% rising
32 India 1.01 2023 up 7.3% rising
34 Romania 1.01 2023 up 18.6% rising
35 Morocco 1.01 2023 down 0.5% rising
36 Botswana 1.01 2023 down 17.6% falling
37 Japan 1 2023 down 1.2% rising
38 Nicaragua 1 2023 down 3.8% falling
39 Belgium 1 2023 down 0.5% rising
40 Switzerland 1 2023 up 3.9% rising
41 Latvia 1 2023 up 16.4% rising
42 Bolivia 1 2023 down 10.2% falling
43 Austria 1 2023 down 1.2% rising
44 Slovenia 1 2023 up 13.9% rising
45 Australia 1 2023 up 3.7% rising
46 Mexico 1 2023 down 7.5% falling
47 Jamaica 1 2023 down 6.8% falling
48 Iraq 0.9989 2023 down 15.2% falling
49 United Kingdom 0.9985 2023 down 0.9% rising
50 Lesotho 0.9983 2023 down 18.8% rising
51 Egypt 0.9975 2023 up 4.5% falling
52 Hungary 0.9971 2023 up 7.5% rising
53 Netherlands 0.9967 2023 up 0.3% rising
54 Sierra Leone 0.9965 2023 up 18.2% falling
55 Angola 0.9965 2023 down 19.5% falling
56 Kazakhstan 0.9963 2023 up 0.6% rising
57 Indonesia 0.9955 2023 up 3.7% flat
58 Germany 0.9942 2023 up 3.3% rising
59 Serbia 0.9939 2023 down 2.7% rising
60 Uruguay 0.9938 2023 down 0.6% rising
61 United States 0.993 2023 up 5.4% rising
62 Kenya 0.9928 2023 up 6.1% falling
63 Singapore 0.9914 2023 down 0.8% falling
64 Namibia 0.9912 2023 down 18.6% falling
65 Turkey 0.9902 2023 up 0.0% falling
66 Denmark 0.9884 2023 up 4.2% rising
67 Mozambique 0.988 2023 down 7.8% rising
68 Laos 0.9878 2023 down 15.3% falling
69 Nigeria 0.9877 2023 down 7.3% falling
70 Taiwan 0.9869 2023 up 10.1% rising
71 Italy 0.9869 2023 down 3.6% rising
72 Colombia 0.9832 2023 down 2.0% flat
73 Central African Republic 0.983 2023 up 2.6% falling
74 Canada 0.9827 2023 up 0.1% rising
75 France 0.982 2023 down 5.1% rising
76 Moldova 0.9819 2023 up 13.4% rising
77 Czechia 0.9818 2023 up 9.7% rising
78 Norway 0.981 2023 down 4.5% rising
79 Jordan 0.9804 2023 down 9.2% falling
80 El Salvador 0.9803 2023 down 5.0% falling
81 Eswatini 0.9795 2023 up 4.5% rising
82 Israel 0.9791 2023 up 2.3% rising
83 Hong Kong 0.9789 2023 up 3.4% rising
84 South Korea 0.9769 2023 up 1.6% rising
85 Brazil 0.9768 2023 down 16.1% falling
86 Russia 0.9755 2023 up 4.5% rising
88 Philippines 0.9738 2023 down 4.7% falling
89 Zimbabwe 0.9731 2023 down 15.5% rising
90 Guatemala 0.9724 2023 down 2.6% falling
91 Thailand 0.9681 2023 down 3.1% rising
92 New Zealand 0.9678 2023 down 2.3% flat
93 Paraguay 0.967 2023 down 4.1% falling
94 Argentina 0.9666 2023 down 17.5% falling
95 Bahrain 0.9661 2023 down 21.1% falling
96 Sweden 0.966 2023 up 1.2% rising
97 Finland 0.9657 2023 down 4.6% rising
98 Cameroon 0.9652 2023 up 6.8% falling
99 Cote d'Ivoire 0.9651 2023 down 7.7% falling
100 Benin 0.9644 2023 down 6.9% rising
101 Slovakia 0.9642 2023 up 9.3% rising
102 Peru 0.9623 2023 down 13.0% falling
103 Burundi 0.9623 2023 down 9.3% falling
104 Dominican Republic 0.9609 2023 down 0.4% falling
105 Tanzania 0.9566 2023 down 10.4% rising
106 Burkina Faso 0.9515 2023 down 13.3% rising
108 Saudi Arabia 0.9467 2023 down 28.5% volatile
109 Lithuania 0.9395 2023 up 5.7% rising
110 Rwanda 0.9357 2023 up 1.5% rising
111 Qatar 0.9318 2023 down 40.0% falling
112 Gabon 0.9299 2023 down 25.7% falling
113 Chile 0.929 2023 down 9.2% flat
114 South Africa 0.9273 2023 down 10.7% rising
115 Senegal 0.9259 2023 down 27.0% falling
116 Estonia 0.9057 2023 up 4.1% rising
117 Kuwait 0.9009 2023 down 42.8% volatile
118 Sri Lanka 0.8857 2023 down 14.3% rising
119 Sudan 0.8534 2023 down 15.2% rising
120 Ukraine 0.7604 2023 down 16.6% rising

About this data

Indicator
Total factor productivity
Source
Feenstra et al. - Penn World Table (2025) – with major processing by Our World in Data
Licence
CC BY 4.0 (Our World in Data)
Coverage
120 places, 6,892 data points, 1954–2023
Last refreshed

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.