Total factor productivity in Denmark
Denmark: Total factor productivity was 0.9884 in 2023. ▲ Rising
Latest (2023)
0.9884
Change on year
up 0.8%
World rank
66th
of 120 countries
All-time high
1
in 2021
All-time low
0.5624
in 1954
Years of data
70
1954–2023
Total factor productivity in Denmark, 1954–2023
Source: Feenstra et al. – Penn World Table (2025) – with major processing by Our World in Data.
Analysis
The most recent figure for total factor productivity in Denmark is 0.9884, measured in 2023.
Compared with earlier readings it is up 0.8% on the previous year and up 4.2% over ten years.
Over the whole period, total factor productivity in Denmark peaked at 1 in 2021 and was at its lowest, 0.5624, in 1954.
That places Denmark 66th 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 Denmark, year by year
| Year | Value | Change |
|---|---|---|
| 1954 | 0.5624 | — |
| 1955 | 0.5763 | +2.5% |
| 1956 | 0.5829 | +1.1% |
| 1957 | 0.5948 | +2.0% |
| 1958 | 0.6008 | +1.0% |
| 1959 | 0.6274 | +4.4% |
| 1960 | 0.6418 | +2.3% |
| 1961 | 0.6583 | +2.6% |
| 1962 | 0.6709 | +1.9% |
| 1963 | 0.6579 | -1.9% |
| 1964 | 0.682 | +3.7% |
| 1965 | 0.679 | -0.4% |
| 1966 | 0.6752 | -0.6% |
| 1967 | 0.703 | +4.1% |
| 1968 | 0.7312 | +4.0% |
| 1969 | 0.7582 | +3.7% |
| 1970 | 0.7505 | -1.0% |
| 1971 | 0.7665 | +2.1% |
| 1972 | 0.7825 | +2.1% |
| 1973 | 0.8049 | +2.9% |
| 1974 | 0.7892 | -1.9% |
| 1975 | 0.7945 | +0.7% |
| 1976 | 0.8134 | +2.4% |
| 1977 | 0.8228 | +1.2% |
| 1978 | 0.8296 | +0.8% |
| 1979 | 0.8455 | +1.9% |
| 1980 | 0.8247 | -2.5% |
| 1981 | 0.8301 | +0.7% |
| 1982 | 0.8476 | +2.1% |
| 1983 | 0.8609 | +1.6% |
| 1984 | 0.8782 | +2.0% |
| 1985 | 0.8904 | +1.4% |
| 1986 | 0.8985 | +0.9% |
| 1987 | 0.8971 | -0.2% |
| 1988 | 0.8986 | +0.2% |
| 1989 | 0.8994 | +0.1% |
| 1990 | 0.9096 | +1.1% |
| 1991 | 0.9169 | +0.8% |
| 1992 | 0.9225 | +0.6% |
| 1993 | 0.9222 | -0.0% |
| 1994 | 0.9644 | +4.6% |
| 1995 | 0.9691 | +0.5% |
| 1996 | 0.9781 | +0.9% |
| 1997 | 0.9742 | -0.4% |
| 1998 | 0.9624 | -1.2% |
| 1999 | 0.961 | -0.2% |
| 2000 | 0.9709 | +1.0% |
| 2001 | 0.9585 | -1.3% |
| 2002 | 0.9527 | -0.6% |
| 2003 | 0.9535 | +0.1% |
| 2004 | 0.9715 | +1.9% |
| 2005 | 0.9762 | +0.5% |
| 2006 | 0.981 | +0.5% |
| 2007 | 0.9714 | -1.0% |
| 2008 | 0.9485 | -2.4% |
| 2009 | 0.9188 | -3.1% |
| 2010 | 0.9398 | +2.3% |
| 2011 | 0.941 | +0.1% |
| 2012 | 0.9439 | +0.3% |
| 2013 | 0.9482 | +0.5% |
| 2014 | 0.9528 | +0.5% |
| 2015 | 0.9578 | +0.5% |
| 2016 | 0.9643 | +0.7% |
| 2017 | 0.9768 | +1.3% |
| 2018 | 0.9839 | +0.7% |
| 2019 | 0.986 | +0.2% |
| 2020 | 0.9783 | -0.8% |
| 2021 | 1 | +2.2% |
| 2022 | 0.9806 | -1.9% |
| 2023 | 0.9884 | +0.8% |
Denmark compared with similar countries
- Denmark's 0.9884 is below the median for high income countries, which is 0.994, 99% of the median. (52 countries reporting)
- Denmark's 0.9884 is below the median for Europe & Central Asia, which is 0.9969, 99% of the median. (40 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1950s | 0.5908 | 0.5624 | 0.6274 | 6 |
| 1960s | 0.6857 | 0.6418 | 0.7582 | 10 |
| 1970s | 0.7999 | 0.7505 | 0.8455 | 10 |
| 1980s | 0.8725 | 0.8247 | 0.8994 | 10 |
| 1990s | 0.948 | 0.9096 | 0.9781 | 10 |
| 2000s | 0.9603 | 0.9188 | 0.981 | 10 |
| 2010s | 0.9594 | 0.9398 | 0.986 | 10 |
| 2020s | 0.9868 | 0.9783 | 1 | 4 |
Countries ranked near Denmark
More economy & growth data for Denmark
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 0.9574 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 1.4 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps 30.70 billion BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0723 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 5,136 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 18.24 billion BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual 121.54 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.043 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 3,052 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate 17.85 % change on previous year (2025)
Frequently asked questions
- What is total factor productivity in Denmark?
- Total factor productivity in Denmark was 0.9884 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 Denmark?
- The highest recorded value was 1 in 2021.
- What is the lowest total factor productivity recorded in Denmark?
- The lowest recorded value was 0.5624 in 1954.
- How does Denmark rank for total factor productivity?
- Denmark ranks 66th out of 120 countries with data for 2023.
- Is total factor productivity rising or falling in Denmark?
- Over the last ten years it is up 4.2%. The long-run trend across the full record is rising.
- Where does this Denmark 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
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.