Total factor productivity in Australia
Australia: Total factor productivity was 1 in 2023. ▲ Rising
Latest (2023)
1
Change on year
down 0.4%
World rank
45th
of 120 countries
All-time high
1.01
in 2022
All-time low
0.7143
in 1956
Years of data
70
1954–2023
Total factor productivity in Australia, 1954–2023
Source: Our World in Data.
Analysis
Australia recorded 1 for total factor productivity in 2023.
Compared with earlier readings it is down 0.4% on the previous year and up 3.7% over ten years.
Over the whole period, total factor productivity in Australia peaked at 1.01 in 2022 and was at its lowest, 0.7143, in 1956.
That places Australia 45th out of 120 countries with data for 2023, putting it in the middle of the range.
The long-run direction has been consistently rising across the 70 years of available data.
Total factor productivity in Australia, year by year
| Year | Value | Change |
|---|---|---|
| 1954 | 0.7235 | — |
| 1955 | 0.7297 | +0.9% |
| 1956 | 0.7143 | -2.1% |
| 1957 | 0.7172 | +0.4% |
| 1958 | 0.7517 | +4.8% |
| 1959 | 0.7809 | +3.9% |
| 1960 | 0.7721 | -1.1% |
| 1961 | 0.7687 | -0.4% |
| 1962 | 0.7866 | +2.3% |
| 1963 | 0.8056 | +2.4% |
| 1964 | 0.8157 | +1.3% |
| 1965 | 0.8003 | -1.9% |
| 1966 | 0.8104 | +1.3% |
| 1967 | 0.8157 | +0.7% |
| 1968 | 0.8388 | +2.8% |
| 1969 | 0.8627 | +2.9% |
| 1970 | 0.8566 | -0.7% |
| 1971 | 0.8569 | +0.0% |
| 1972 | 0.8552 | -0.2% |
| 1973 | 0.8602 | +0.6% |
| 1974 | 0.8408 | -2.3% |
| 1975 | 0.8551 | +1.7% |
| 1976 | 0.8596 | +0.5% |
| 1977 | 0.8463 | -1.5% |
| 1978 | 0.8579 | +1.4% |
| 1979 | 0.8546 | -0.4% |
| 1980 | 0.8445 | -1.2% |
| 1981 | 0.8469 | +0.3% |
| 1982 | 0.8197 | -3.2% |
| 1983 | 0.8549 | +4.3% |
| 1984 | 0.8547 | -0.0% |
| 1985 | 0.8523 | -0.3% |
| 1986 | 0.832 | -2.4% |
| 1987 | 0.8492 | +2.1% |
| 1988 | 0.8437 | -0.6% |
| 1989 | 0.8314 | -1.5% |
| 1990 | 0.8129 | -2.2% |
| 1991 | 0.8247 | +1.5% |
| 1992 | 0.8506 | +3.1% |
| 1993 | 0.8652 | +1.7% |
| 1994 | 0.8662 | +0.1% |
| 1995 | 0.8659 | -0.0% |
| 1996 | 0.8708 | +0.6% |
| 1997 | 0.8899 | +2.2% |
| 1998 | 0.9094 | +2.2% |
| 1999 | 0.9186 | +1.0% |
| 2000 | 0.9056 | -1.4% |
| 2001 | 0.9247 | +2.1% |
| 2002 | 0.9374 | +1.4% |
| 2003 | 0.9484 | +1.2% |
| 2004 | 0.9539 | +0.6% |
| 2005 | 0.947 | -0.7% |
| 2006 | 0.9546 | +0.8% |
| 2007 | 0.9551 | +0.1% |
| 2008 | 0.9416 | -1.4% |
| 2009 | 0.945 | +0.4% |
| 2010 | 0.9551 | +1.1% |
| 2011 | 0.9581 | +0.3% |
| 2012 | 0.959 | +0.1% |
| 2013 | 0.9656 | +0.7% |
| 2014 | 0.9707 | +0.5% |
| 2015 | 0.9815 | +1.1% |
| 2016 | 0.9834 | +0.2% |
| 2017 | 0.9915 | +0.8% |
| 2018 | 0.9865 | -0.5% |
| 2019 | 0.963 | -2.4% |
| 2020 | 0.9818 | +1.9% |
| 2021 | 1 | +1.9% |
| 2022 | 1.01 | +0.6% |
| 2023 | 1 | -0.4% |
Australia compared with similar countries
- Australia's 1 is above the median for high income countries, which is 0.994, 1.0× the median. (52 countries reporting)
- Australia's 1 is above the median for East Asia & Pacific, which is 0.9955, 1.0× the median. (15 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1950s | 0.7362 | 0.7143 | 0.7809 | 6 |
| 1960s | 0.8077 | 0.7687 | 0.8627 | 10 |
| 1970s | 0.8543 | 0.8408 | 0.8602 | 10 |
| 1980s | 0.8429 | 0.8197 | 0.8549 | 10 |
| 1990s | 0.8674 | 0.8129 | 0.9186 | 10 |
| 2000s | 0.9413 | 0.9056 | 0.9551 | 10 |
| 2010s | 0.9714 | 0.9551 | 0.9915 | 10 |
| 2020s | 0.9971 | 0.9818 | 1.01 | 4 |
Countries ranked near Australia
More economy & growth data for Australia
- Real gdp growth, annual growth rate 96.31 % change on previous year (2025)
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.36 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.26 Percent per annum (2029)
- SDRs holdings, US dollar, annual growth rate 15.83 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0083 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 537.43 units per person (2025)
- SDRs holdings, SDR, annual growth rate 10.3 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.006 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 392.43 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 2.82 % change on previous year (2025)
Frequently asked questions
- What is total factor productivity in Australia?
- Total factor productivity in Australia was 1 in 2023, according to Our World in Data.
- What is the highest total factor productivity recorded in Australia?
- The highest recorded value was 1.01 in 2022.
- What is the lowest total factor productivity recorded in Australia?
- The lowest recorded value was 0.7143 in 1956.
- How does Australia rank for total factor productivity?
- Australia ranks 45th out of 120 countries with data for 2023.
- Is total factor productivity rising or falling in Australia?
- Over the last ten years it is up 3.7%. The long-run trend across the full record is rising.
- Where does this Australia data come from?
- The figures come from Our World in Data, published as part of Total factor productivity. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 70 observations, free to reuse under CC BY 4.0 (Our World in Data).