What is total factor productivity in Cyprus?

Total factor productivity in Cyprus was 1.03 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 Cyprus?

The highest recorded value was 1.03 in 2022.

What is the lowest total factor productivity recorded in Cyprus?

The lowest recorded value was 0.3738 in 1960.

How does Cyprus rank for total factor productivity?

Cyprus ranks 23rd out of 120 countries with data for 2023.

Is total factor productivity rising or falling in Cyprus?

Over the last ten years it is up 13.7%. The long-run trend across the full record is rising.

Where does this Cyprus 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 Cyprus

Name: Total factor productivity in Cyprus
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)

Cyprus: Total factor productivity was 1.03 in 2023. ▲ Rising

Latest (2023)

1.03

Change on year

down 0.1%

World rank

23rd

of 120 countries

All-time high

1.03

in 2022

All-time low

0.3738

in 1960

Years of data

1954–2023

Total factor productivity in Cyprus, 1954–2023

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

Analysis

Cyprus recorded 1.03 for total factor productivity in 2023.

The figure is down 0.1% on the previous year and up 13.7% over ten years.

Over the whole period, total factor productivity in Cyprus peaked at 1.03 in 2022 and was at its lowest, 0.3738, in 1960.

That places Cyprus 23rd out of 120 countries with data for 2023, putting it in the top quarter.

The long-run direction has been consistently rising across the 70 years of available data.

Averages by decade

Decade	Average	Lowest	Highest	Years
1950s	0.4114	0.3782	0.4479	6
1960s	0.4493	0.3738	0.5468	10
1970s	0.5881	0.4825	0.6438	10
1980s	0.6824	0.6384	0.7445	10
1990s	0.8243	0.7621	0.9046	10
2000s	0.9706	0.9337	1.01	10
2010s	0.9316	0.8932	0.9706	10
2020s	1	0.9529	1.03	4

Countries ranked near Cyprus

20 Bulgaria 1.04 compare
21 Costa Rica 1.03 compare
22 Portugal 1.03 compare
24 Mauritius 1.03 compare
25 Honduras 1.03 compare
26 Tunisia 1.02 compare

See the full ranking of 120 places →

More economy & growth data for Cyprus

External balance on goods and services as a percent of GDP 5.7% (2025)
Inflation of consumer prices 0.1% (2025)
GDP per capita 33,527 constant 2015 US$ (2025)
Share of manufacturing in gross domestic product (GDP) 4.4% (2025)
Gross domestic product (GDP) 33.08 billion constant 2015 US$ (2025)
GDP per capita in international and market dollars 33,527 constant 2015 US$ (2025)
DEC alternative conversion factor 0.885 LCU per US$ (2025)
Net secondary income (Net current transfers from abroad) -338.90 million current LCU (2025)
Net secondary income (Net current transfers from abroad) -382.95 million current US$ (2025)
Taxes less subsidies on products 3.97 billion current LCU (2025)

All data for Cyprus →

Frequently asked questions

What is total factor productivity in Cyprus?: Total factor productivity in Cyprus was 1.03 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 Cyprus?: The highest recorded value was 1.03 in 2022.
What is the lowest total factor productivity recorded in Cyprus?: The lowest recorded value was 0.3738 in 1960.
How does Cyprus rank for total factor productivity?: Cyprus ranks 23rd out of 120 countries with data for 2023.
Is total factor productivity rising or falling in Cyprus?: Over the last ten years it is up 13.7%. The long-run trend across the full record is rising.
Where does this Cyprus 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.