What is total factor productivity in Australia?

Total factor productivity in Australia was 1 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 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 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.

Total factor productivity in Australia

Name: Total factor productivity in Australia
Creator: Feenstra et al. - Penn World Table (2025) – with major processing by Our World in Data
License: CC BY 4.0 (Our World in Data)

Australia: Total factor productivity was 1 in 2023. ▲ Rising

Latest (2023)

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

1954–2023

Total factor productivity in Australia, 1954–2023

Source: Feenstra et al. - Penn World Table (2025) – with major processing by 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.

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

See the full ranking of 120 places →

More economy & growth data for Australia

External balance on goods and services as a percent of GDP 0.6% (2025)
Inflation of consumer prices 2.9% (2025)
GDP per capita 61,369 constant 2015 US$ (2025)
Share of manufacturing in gross domestic product (GDP) 5.3% (2025)
Gross domestic product (GDP) 1.69 trillion constant 2015 US$ (2025)
GDP per capita in international and market dollars 61,369 constant 2015 US$ (2025)
DEC alternative conversion factor 1.55 LCU per US$ (2025)
Net secondary income (Net current transfers from abroad) -521.00 million current LCU (2025)
Net secondary income (Net current transfers from abroad) -337.19 million current US$ (2025)
Taxes less subsidies on products 177.87 billion current LCU (2025)

All data for Australia →

Frequently asked questions

What is total factor productivity in Australia?: Total factor productivity in Australia was 1 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 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 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 — 70 observations, free to reuse under CC BY 4.0 (Our World in Data).

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: 07 August 2026

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.