Total factor productivity in Armenia
Armenia: Total factor productivity was 1.11 in 2023. ▲ Rising
Total factor productivity in Armenia, 1994–2023
Source: Feenstra et al. - Penn World Table (2025) – with major processing by Our World in Data.
Analysis
In 2023, total factor productivity in Armenia stood at 1.11. That is the highest value across all 30 years on record.
That represents a change of up 3.6% on the previous year and up 33.6% over ten years.
Over the whole period, total factor productivity in Armenia peaked at 1.11 in 2023 and was at its lowest, 0.249, in 1994.
Armenia ranks 5th of 120 countries on this measure, in the top 10%.
The long-run direction has been consistently rising across the 30 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.3035 | 0.249 | 0.3615 | 6 |
| 2000s | 0.6791 | 0.3872 | 0.9038 | 10 |
| 2010s | 0.9011 | 0.7584 | 1.05 | 10 |
| 2020s | 1.05 | 1 | 1.11 | 4 |
Countries ranked near Armenia
More economy & growth data for Armenia
- External balance on goods and services as a percent of GDP -5.5% (2025)
- Inflation of consumer prices 3.3% (2025)
- GDP per capita 5,666 constant 2015 US$ (2025)
- Share of manufacturing in gross domestic product (GDP) 11.0% (2025)
- Gross domestic product (GDP) 17.49 billion constant 2015 US$ (2025)
- GDP per capita in international and market dollars 5,666 constant 2015 US$ (2025)
- DEC alternative conversion factor 387.01 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) 134.65 billion current LCU (2025)
- Net secondary income (Net current transfers from abroad) 347.93 million current US$ (2025)
- Taxes less subsidies on products 1.20 trillion current LCU (2025)
Frequently asked questions
- What is total factor productivity in Armenia?
- Total factor productivity in Armenia was 1.11 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 Armenia?
- The highest recorded value was 1.11 in 2023.
- What is the lowest total factor productivity recorded in Armenia?
- The lowest recorded value was 0.249 in 1994.
- How does Armenia rank for total factor productivity?
- Armenia ranks 5th out of 120 countries with data for 2023.
- Is total factor productivity rising or falling in Armenia?
- Over the last ten years it is up 33.6%. The long-run trend across the full record is rising.
- Where does this Armenia 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
CSV · JSON — 30 observations, free to reuse under CC BY 4.0 (Our World in Data).
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.