Total factor productivity in Argentina
Argentina: Total factor productivity was 0.9666 in 2023. ▼ Falling
Latest (2023)
0.9666
Change on year
down 7.0%
World rank
94th
of 120 countries
All-time high
1.33
in 1974
All-time low
0.9383
in 1990
Years of data
52
1972–2023
Total factor productivity in Argentina, 1972–2023
Source: Feenstra et al. – Penn World Table (2025) – with major processing by Our World in Data.
Analysis
Argentina recorded 0.9666 for total factor productivity in 2023.
The figure is down 7.0% on the previous year and down 17.5% over ten years.
Over the whole period, total factor productivity in Argentina peaked at 1.33 in 1974 and was at its lowest, 0.9383, in 1990.
Argentina ranks 94th of 120 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 52 years of available data.
Total factor productivity in Argentina, year by year
| Year | Value | Change |
|---|---|---|
| 1972 | 1.31 | — |
| 1973 | 1.32 | +0.6% |
| 1974 | 1.33 | +1.0% |
| 1975 | 1.28 | -3.4% |
| 1976 | 1.25 | -2.3% |
| 1977 | 1.27 | +1.7% |
| 1978 | 1.2 | -6.0% |
| 1979 | 1.24 | +3.5% |
| 1980 | 1.23 | -1.3% |
| 1981 | 1.14 | -7.2% |
| 1982 | 1.09 | -4.5% |
| 1983 | 1.1 | +1.7% |
| 1984 | 1.1 | +0.0% |
| 1985 | 1.02 | -7.9% |
| 1986 | 1.07 | +5.4% |
| 1987 | 1.08 | +0.7% |
| 1988 | 1.04 | -3.6% |
| 1989 | 0.9619 | -7.5% |
| 1990 | 0.9383 | -2.5% |
| 1991 | 1.02 | +8.3% |
| 1992 | 1.1 | +8.0% |
| 1993 | 1.14 | +3.6% |
| 1994 | 1.16 | +2.4% |
| 1995 | 1.13 | -2.6% |
| 1996 | 1.16 | +2.4% |
| 1997 | 1.2 | +3.4% |
| 1998 | 1.19 | -0.6% |
| 1999 | 1.13 | -5.0% |
| 2000 | 1.11 | -1.9% |
| 2001 | 1.07 | -3.9% |
| 2002 | 0.9779 | -8.5% |
| 2003 | 1.04 | +6.6% |
| 2004 | 1.09 | +4.3% |
| 2005 | 1.13 | +4.1% |
| 2006 | 1.18 | +3.9% |
| 2007 | 1.22 | +3.6% |
| 2008 | 1.21 | -0.3% |
| 2009 | 1.13 | -6.9% |
| 2010 | 1.2 | +5.9% |
| 2011 | 1.22 | +1.6% |
| 2012 | 1.18 | -3.4% |
| 2013 | 1.17 | -0.4% |
| 2014 | 1.12 | -4.2% |
| 2015 | 1.12 | -0.3% |
| 2016 | 1.11 | -1.2% |
| 2017 | 1.11 | +0.0% |
| 2018 | 1.06 | -4.0% |
| 2019 | 1.03 | -3.3% |
| 2020 | 0.9988 | -2.8% |
| 2021 | 1 | +0.1% |
| 2022 | 1.04 | +3.9% |
| 2023 | 0.9666 | -7.0% |
Argentina compared with similar countries
- Argentina's 0.9666 is below the median for upper middle income countries, which is 0.9902, 98% of the median. (33 countries reporting)
- Argentina's 0.9666 is below the median for Latin America & Caribbean, which is 1, 97% of the median. (21 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 1.28 | 1.2 | 1.33 | 8 |
| 1980s | 1.08 | 0.9619 | 1.23 | 10 |
| 1990s | 1.12 | 0.9383 | 1.2 | 10 |
| 2000s | 1.12 | 0.9779 | 1.22 | 10 |
| 2010s | 1.13 | 1.03 | 1.22 | 10 |
| 2020s | 1 | 0.9666 | 1.04 | 4 |
Countries ranked near Argentina
More economy & growth data for Argentina
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.73 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.3 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps 2.83 billion BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0041 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 61.81 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 3.13 billion BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual -73.08 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0046 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 68.36 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 38.7 % change on previous year (2025)
Frequently asked questions
- What is total factor productivity in Argentina?
- Total factor productivity in Argentina was 0.9666 in 2023, according to Feenstra et al. – Penn World Table (2025) – with major processing by Our World in Data.
- What is the highest total factor productivity recorded in Argentina?
- The highest recorded value was 1.33 in 1974.
- What is the lowest total factor productivity recorded in Argentina?
- The lowest recorded value was 0.9383 in 1990.
- How does Argentina rank for total factor productivity?
- Argentina ranks 94th out of 120 countries with data for 2023.
- Is total factor productivity rising or falling in Argentina?
- Over the last ten years it is down 17.5%. The long-run trend across the full record is falling.
- Where does this Argentina data come from?
- The figures come from Feenstra et al. – Penn World Table (2025) – with major processing by Our World in Data, published as part of Total factor productivity. Statizoid updates them automatically from the source API.
Download this data
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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.