Total factor productivity in Belgium
Belgium: Total factor productivity was 1 in 2023. ▲ Rising
Latest (2023)
1
Change on year
down 0.4%
World rank
39th
of 120 countries
All-time high
1.05
in 2007
All-time low
0.5195
in 1954
Years of data
70
1954–2023
Total factor productivity in Belgium, 1954–2023
Source: Our World in Data.
Analysis
The most recent figure for total factor productivity in Belgium is 1, measured in 2023.
Compared with earlier readings it is down 0.4% on the previous year and down 0.5% over ten years.
Over the whole period, total factor productivity in Belgium peaked at 1.05 in 2007 and was at its lowest, 0.5195, in 1954.
That places Belgium 39th 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 Belgium, year by year
| Year | Value | Change |
|---|---|---|
| 1954 | 0.5195 | — |
| 1955 | 0.5322 | +2.5% |
| 1956 | 0.5429 | +2.0% |
| 1957 | 0.5459 | +0.5% |
| 1958 | 0.5451 | -0.1% |
| 1959 | 0.5635 | +3.4% |
| 1960 | 0.5816 | +3.2% |
| 1961 | 0.6019 | +3.5% |
| 1962 | 0.6206 | +3.1% |
| 1963 | 0.6385 | +2.9% |
| 1964 | 0.6681 | +4.6% |
| 1965 | 0.6819 | +2.1% |
| 1966 | 0.6893 | +1.1% |
| 1967 | 0.708 | +2.7% |
| 1968 | 0.7322 | +3.4% |
| 1969 | 0.7575 | +3.5% |
| 1970 | 0.7942 | +4.8% |
| 1971 | 0.8061 | +1.5% |
| 1972 | 0.8407 | +4.3% |
| 1973 | 0.8758 | +4.2% |
| 1974 | 0.893 | +2.0% |
| 1975 | 0.8759 | -1.9% |
| 1976 | 0.9068 | +3.5% |
| 1977 | 0.9045 | -0.3% |
| 1978 | 0.9141 | +1.1% |
| 1979 | 0.9161 | +0.2% |
| 1980 | 0.9442 | +3.1% |
| 1981 | 0.9473 | +0.3% |
| 1982 | 0.954 | +0.7% |
| 1983 | 0.9511 | -0.3% |
| 1984 | 0.9527 | +0.2% |
| 1985 | 0.9509 | -0.2% |
| 1986 | 0.9594 | +0.9% |
| 1987 | 0.9699 | +1.1% |
| 1988 | 0.9908 | +2.2% |
| 1989 | 1 | +0.9% |
| 1990 | 0.9973 | -0.3% |
| 1991 | 1.01 | +1.2% |
| 1992 | 1.02 | +0.7% |
| 1993 | 1.01 | -0.2% |
| 1994 | 1.03 | +2.0% |
| 1995 | 1.03 | -0.5% |
| 1996 | 1.03 | -0.3% |
| 1997 | 1.04 | +1.3% |
| 1998 | 1.03 | -0.6% |
| 1999 | 1.04 | +0.7% |
| 2000 | 1.04 | -0.1% |
| 2001 | 1.03 | -1.4% |
| 2002 | 1.02 | -0.4% |
| 2003 | 1.02 | -0.4% |
| 2004 | 1.04 | +1.9% |
| 2005 | 1.04 | +0.2% |
| 2006 | 1.04 | +0.0% |
| 2007 | 1.05 | +1.1% |
| 2008 | 1.03 | -1.5% |
| 2009 | 1.01 | -2.0% |
| 2010 | 1.02 | +0.7% |
| 2011 | 1.02 | -0.3% |
| 2012 | 1.01 | -0.7% |
| 2013 | 1.01 | -0.3% |
| 2014 | 1.01 | +0.7% |
| 2015 | 1.02 | +0.1% |
| 2016 | 1.01 | -0.7% |
| 2017 | 1 | -0.6% |
| 2018 | 0.9988 | -0.3% |
| 2019 | 1 | +0.3% |
| 2020 | 0.9936 | -0.8% |
| 2021 | 1 | +0.6% |
| 2022 | 1.01 | +0.6% |
| 2023 | 1 | -0.4% |
Belgium compared with similar countries
- Belgium's 1 is above the median for high income countries, which is 0.994, 1.0× the median. (52 countries reporting)
- Belgium's 1 is above the median for Europe & Central Asia, which is 0.9969, 1.0× the median. (40 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1950s | 0.5415 | 0.5195 | 0.5635 | 6 |
| 1960s | 0.668 | 0.5816 | 0.7575 | 10 |
| 1970s | 0.8727 | 0.7942 | 0.9161 | 10 |
| 1980s | 0.962 | 0.9442 | 1 | 10 |
| 1990s | 1.02 | 0.9973 | 1.04 | 10 |
| 2000s | 1.03 | 1.01 | 1.05 | 10 |
| 2010s | 1.01 | 0.9988 | 1.02 | 10 |
| 2020s | 1 | 0.9936 | 1.01 | 4 |
Countries ranked near Belgium
More economy & growth data for Belgium
- Real gdp growth, annual growth rate -37.51 % change on previous year (2024)
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.04 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 1.25 Percent per annum (2029)
- SDRs holdings, US dollar, annual growth rate 2.78 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0205 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 1,248 units per person (2025)
- SDRs holdings, SDR, annual growth rate -2.12 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.015 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 911.55 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 2.2 % change on previous year (2025)
Frequently asked questions
- What is total factor productivity in Belgium?
- Total factor productivity in Belgium was 1 in 2023, according to Our World in Data.
- What is the highest total factor productivity recorded in Belgium?
- The highest recorded value was 1.05 in 2007.
- What is the lowest total factor productivity recorded in Belgium?
- The lowest recorded value was 0.5195 in 1954.
- How does Belgium rank for total factor productivity?
- Belgium ranks 39th out of 120 countries with data for 2023.
- Is total factor productivity rising or falling in Belgium?
- Over the last ten years it is down 0.5%. The long-run trend across the full record is rising.
- Where does this Belgium 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).