Total factor productivity in Cyprus
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
70
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.
Total factor productivity in Cyprus, year by year
| Year | Value | Change |
|---|---|---|
| 1954 | 0.3847 | — |
| 1955 | 0.3782 | -1.7% |
| 1956 | 0.4222 | +11.6% |
| 1957 | 0.4479 | +6.1% |
| 1958 | 0.4119 | -8.0% |
| 1959 | 0.4233 | +2.8% |
| 1960 | 0.3738 | -11.7% |
| 1961 | 0.4006 | +7.2% |
| 1962 | 0.4227 | +5.5% |
| 1963 | 0.4313 | +2.0% |
| 1964 | 0.3832 | -11.1% |
| 1965 | 0.4456 | +16.3% |
| 1966 | 0.4614 | +3.5% |
| 1967 | 0.5074 | +10.0% |
| 1968 | 0.5199 | +2.5% |
| 1969 | 0.5468 | +5.2% |
| 1970 | 0.5474 | +0.1% |
| 1971 | 0.5974 | +9.1% |
| 1972 | 0.6151 | +3.0% |
| 1973 | 0.612 | -0.5% |
| 1974 | 0.5755 | -6.0% |
| 1975 | 0.4825 | -16.2% |
| 1976 | 0.5723 | +18.6% |
| 1977 | 0.6122 | +7.0% |
| 1978 | 0.6229 | +1.8% |
| 1979 | 0.6438 | +3.4% |
| 1980 | 0.644 | +0.0% |
| 1981 | 0.6384 | -0.9% |
| 1982 | 0.6534 | +2.3% |
| 1983 | 0.6611 | +1.2% |
| 1984 | 0.6748 | +2.1% |
| 1985 | 0.6746 | -0.0% |
| 1986 | 0.6882 | +2.0% |
| 1987 | 0.7128 | +3.6% |
| 1988 | 0.7326 | +2.8% |
| 1989 | 0.7445 | +1.6% |
| 1990 | 0.7729 | +3.8% |
| 1991 | 0.7621 | -1.4% |
| 1992 | 0.792 | +3.9% |
| 1993 | 0.7792 | -1.6% |
| 1994 | 0.8009 | +2.8% |
| 1995 | 0.8487 | +6.0% |
| 1996 | 0.8465 | -0.3% |
| 1997 | 0.8499 | +0.4% |
| 1998 | 0.8859 | +4.2% |
| 1999 | 0.9046 | +2.1% |
| 2000 | 0.9337 | +3.2% |
| 2001 | 0.9414 | +0.8% |
| 2002 | 0.9562 | +1.6% |
| 2003 | 0.9516 | -0.5% |
| 2004 | 0.9735 | +2.3% |
| 2005 | 0.9938 | +2.1% |
| 2006 | 1.01 | +1.6% |
| 2007 | 1 | -0.8% |
| 2008 | 0.9884 | -1.3% |
| 2009 | 0.9563 | -3.2% |
| 2010 | 0.9579 | +0.2% |
| 2011 | 0.9472 | -1.1% |
| 2012 | 0.9284 | -2.0% |
| 2013 | 0.9037 | -2.7% |
| 2014 | 0.8932 | -1.2% |
| 2015 | 0.908 | +1.6% |
| 2016 | 0.9233 | +1.7% |
| 2017 | 0.9326 | +1.0% |
| 2018 | 0.9512 | +2.0% |
| 2019 | 0.9706 | +2.0% |
| 2020 | 0.9529 | -1.8% |
| 2021 | 1 | +4.9% |
| 2022 | 1.03 | +2.8% |
| 2023 | 1.03 | -0.1% |
Cyprus compared with similar countries
- Cyprus's 1.03 is above the median for high income countries, which is 0.994, 1.0× the median. (52 countries reporting)
- Cyprus's 1.03 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 | 0.4114 | 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
More economy & growth data for Cyprus
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 2.45 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.98 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps 1.57 billion BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.038 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 1,144 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 11.16 billion BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual 122.17 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.2708 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 8,144 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 41.22 % change on previous year (2025)
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
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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.